The information on this site is intended only for institutional investors and consultants to separately managed account investors. It is not intended for use by or distribution to members of the general public. The information on this site is for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy any security which may be referenced herein. The information on this site is published without regard to the investment objective, financial situation or specific needs of any particular investor. The information on this site is intended for U.S. residents only and is not intended for investors in any jurisdiction in which distribution or purchase is not authorized.

Please confirm that you have read and agree to the terms above.

Thank you for your interest in Victory Capital Management. To download this document, please complete the registration form below. You will only need to complete this form one time to access site content.






  • Victory Capital may use my email to send out periodic news, announcements, and product information.

*All fields are required
Submit

Investment Approach

The Sophus China strategy seeks to provide long-term growth of capital by investing primarily in equity securities of Chinese companies.

Philosophy and Process

Sophus Capital believes that equity markets reward earnings growth during most market environments. The strategy’s investment team employs both fundamental analysis and quantitative screening in seeking to identify companies that the investment team believes can sustain above-average earnings growth relative to their peers. Fundamental, bottom-up research focuses on companies that rank highly within the investment team’s quantitative screen, with particular emphasis placed on a company’s earnings growth, business strategy, value creation, competitive position, management quality, market position, and political and economic backdrop. The investment team monitors market and sovereign risk as part of the overall investment process.

Mike_Reynal

Michael Reynal is chief investment officer of Sophus Capital and a portfolio manager of the Victory Sophus Emerging Markets Fund, Victory Sophus Emerging Markets Small Cap Fund and Victory Sophus China Fund. The RS Investments Emerging Markets team was renamed Sophus Capital in July 2016 when RS Investments was acquired by Victory Capital. Sophus Capital is a Victory Capital investment franchise.

Michael began his investment career in 1991, managing equity investments in Latin America, the Mediterranean, the Balkans, and other regions. Most recently, he was a portfolio manager for Principal Global Investors, where he led the emerging markets team. He also oversaw both diversified emerging markets portfolios and specialized regional Asian equity strategies. 

Michael holds a B.A. from Middlebury College, an M.A. from Christ's College at University of Cambridge, and an M.B.A. from Amos Tuck School at Dartmouth College.

 

Michael Ade

Michael Ade is a portfolio manager of the Victory Sophus Emerging Markets Fund, Victory Sophus Emerging Markets Small Cap Fund, Victory Sophus China Fund and a member of the Sophus Capital Emerging Markets team. The RS Investments Emerging Markets team was renamed Sophus Capital in July 2016 when RS Investments was acquired by Victory Capital. Sophus Capital is a Victory Capital investment franchise.

He began his investment career in 2001 and most recently was a co-portfolio manager for diversified emerging markets and Asian equity strategies at Principal Global Investors before joining Sophus Capital.

Michael earned a B.A. from University of Wisconsin and is a CFA charterholder.

 

Tony_Chu

Tony Chu is a portfolio manager of the Victory Sophus China Fund and a member of the Sophus Capital Emerging Markets team. The RS Investments Emerging Markets team was renamed Sophus Capital in July 2016 when RS Investments was acquired by Victory Capital. Sophus Capital is a Victory Capital investment franchise.

Tony began his investment career in 2002 and worked as an equities research analyst and associate portfolio manager at Principal Global Investors and INVESCO Hong Kong before joining RS Investments. 

Tony earned a B.A. from the University of Queensland and an M.A. from the University of New South Wales. Additionally, he is a CFA charterholder.

 

Maria_Freund

Maria Freund is a portfolio manager of the Victory Sophus Emerging Markets Small Cap Fund and a member of the Sophus Emerging Markets team. The RS Investments Emerging Markets team was renamed Sophus Capital in July 2016 when RS Investments was acquired by Victory Capital. Sophus Capital is a Victory Capital investment franchise.

Maria began her investment career in 2003 and worked as an analyst at Principal Global Investors before joining Sophus Capital in 2012. 

Maria received a B.A. from Loras College in finance and international business and an M.B.A. from the Tippie College of Business at University of Iowa. Additionally, she is a CFA charterholder.

 

Investment Approach

The Sophus China strategy seeks to provide long-term growth of capital by investing primarily in equity securities of Chinese companies.

Philosophy and Process

Sophus Capital believes that equity markets reward earnings growth during most market environments. The strategy’s investment team employs both fundamental analysis and quantitative screening in seeking to identify companies that the investment team believes can sustain above-average earnings growth relative to their peers. Fundamental, bottom-up research focuses on companies that rank highly within the investment team’s quantitative screen, with particular emphasis placed on a company’s earnings growth, business strategy, value creation, competitive position, management quality, market position, and political and economic backdrop. The investment team monitors market and sovereign risk as part of the overall investment process.

Michael Ade, CFA

Portfolio Manager

Michael Ade is a portfolio manager of the Victory Sophus Emerging Markets Fund, Victory Sophus Emerging Markets Small Cap Fund, Victory Sophus China Fund and a member of the Sophus Capital Emerging Markets team. The RS Investments Emerging Markets team was renamed Sophus Capital in July 2016 when RS Investments was acquired by Victory Capital. Sophus Capital is a Victory Capital investment franchise.

He began his investment career in 2001 and most recently was a co-portfolio manager for diversified emerging markets and Asian equity strategies at Principal Global Investors before joining Sophus Capital.

Michael earned a B.A. from University of Wisconsin and is a CFA charterholder.

 

Tony Chu, CFA

Portfolio Manager

Tony Chu is a portfolio manager of the Victory Sophus China Fund and a member of the Sophus Capital Emerging Markets team. The RS Investments Emerging Markets team was renamed Sophus Capital in July 2016 when RS Investments was acquired by Victory Capital. Sophus Capital is a Victory Capital investment franchise.

Tony began his investment career in 2002 and worked as an equities research analyst and associate portfolio manager at Principal Global Investors and INVESCO Hong Kong before joining RS Investments. 

Tony earned a B.A. from the University of Queensland and an M.A. from the University of New South Wales. Additionally, he is a CFA charterholder.

 

Maria Freund, CFA

Portfolio Manager

Maria Freund is a portfolio manager of the Victory Sophus Emerging Markets Small Cap Fund and a member of the Sophus Emerging Markets team. The RS Investments Emerging Markets team was renamed Sophus Capital in July 2016 when RS Investments was acquired by Victory Capital. Sophus Capital is a Victory Capital investment franchise.

Maria began her investment career in 2003 and worked as an analyst at Principal Global Investors before joining Sophus Capital in 2012. 

Maria received a B.A. from Loras College in finance and international business and an M.B.A. from the Tippie College of Business at University of Iowa. Additionally, she is a CFA charterholder.