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Growth Opportunity: Global Media

Highlights

  • The demand for media content has skyrocketed due to rising global affluence.
  • Global media companies in privileged competitive positions have the potential to outperform.
  • 25% of Oppenheimer Global Value Fund is invested in media companies.

Investors searching the world for growth ought to take a closer look at media content owners, select examples of which have compelling asset profiles and privileged competitive positions.

The demand for content has skyrocketed due to rising global affluence and explosive growth of mobile devices, but there are actually only a few suppliers of the content that most viewers watch. This imbalance may provide long-term growth opportunities.

One way to gain exposure to the global boom in media is via Oppenheimer Global Value Fund (GLVAX), 25% of which is invested in what we believe are the world’s best media companies. Media companies are often misunderstood, thought of only as advertising plays. But structural changes worldwide favor media firms, and those with excellent content have the potential to serve as sources of long-term outperformance.

Access Content Is King: Growth in the Golden Age of Media to learn more about this exciting investment opportunity.

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Special risks: Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and geopolitical risks. Emerging and developing market investments may be especially volatile. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Due to the recent global economic crisis that caused financial difficulties for many European Union countries, Eurozone investments may be subject to volatility and liquidity issues. Small and mid-sized company stock is typically more volatile than that of larger, more established businesses, as these stocks tend to be more sensitive to changes in earnings expectations and tend to have lower trading volumes than large-cap securities, creating potential for more erratic price movements. It may take a substantial period of time to realize a gain on an investment in a small or mid-sized company, if any gain is realized at all. Diversification does not guarantee profit or protect against loss.

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Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.

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