Investment and Retirement
On The Radar: SSQ Fiera Capital Global Equity GIF
Fund: FIERA CAPITAL GLOBAL EQUITY GIF
Manager: Fiera Capital, Montreal
Benchmark index: MSCI World Index
Category: Global Equity
CONCENTRATED PORTFOLIO, LONG-TERM OUTLOOK
- The manager's philosophy is to generate high, sustainable returns by investing in a portfolio that is overweight in quality companies, and holding on to these stocks for a very long period of time (more than 5 years, on average).
- In doing so, this results in very few transactions. For this reason, the team can carefully study the holding companies or those in the investment market.
- This strategy is based on growth at a reasonable price (GARP), which favours higher-growth stocks that are traded at worthwhile prices.
- Since the portfolio has between 35 and 45 stocks, managers are able to know each of them very well. The manager also favours sectoral diversification.
- The manager looks for quality large-cap companies, that offer:
- Sustainable competitive advantage
- Attractive industry
- Excellent track record
- Quality management team
- Strong balance sheet
- Attractive stock market valuation
PERFORMANCE
Since the fund was created, the management team's track record has been excellent, having been able to outperform the benchmark six out of seven years. Over the same period, the fund was always ranked in the top two quartiles with respect to its peers in terms of calendar year performance. Since its creation, the fund has performed well in both bullish and bearish markets, capturing 108% of the upswing and only 66% of the downturn.
Gross performance in the underlying fund on August 31, 2017 (%)
1 month | 3 months | Year-to-date | 1 year | 2 years | 3 years | 4 years | 5 years | 7 years |
Since inception |
|
Fiera Capital Global Equity |
1.64 | -3.51 | 13.63 | 13.03 | 12.70 | 16.01 | 17.82 | 19.90 | 18.36 | 16.55 |
MSCI World (CAD) | 0.40 | -4.46 | 6.08 | 11.02 | 8.07 | 11.16 | 14.36 | 16.55 | 13.74 | 11.63 |
Value Added | 1.25 | 0.94 | 7.55 | 2.01 | 4.63 | 4.85 | 3.47 | 3.35 | 4.62 | 4.92 |
Created on September 30, 2009
EXPERIENCED FUND MANAGEMENT TEAM
The team is led by Nadim Rizk, portfolio manager, and Andrew Chan, assistant portfolio manager, who have an average of 16 years of experience in the investment industry. They are backed by a team of six analysts and are responsible for more than $23 billion in assets under management, nearly $12 billion of which is in the global equity fund. Nadim Rizk and his team were named Global Equity Manager of the Year at the Professional Pensions Investment Awards in 2015.
9 GOOD REASONS TO INVEST IN THIS FUND
- One of the largest investment managers in Canada
- Canadian company with an experienced, diligent management team
- Long-term investment built on quality stocks and stable returns – the fund is for investors who want to diversify their portfolio while ensuring good capital protection
- High-conviction manager banking on the best investment ideas
- Rigorous research process that provides a better understanding of the companies thereby favouring its continued success
- Actively managed fund that has maintained an active share above 90%, on average, since the fund was created
- Returns and risk-adjusted returns for higher risks
- Strong performance both in bullish and bearish markets
- Excellent tax efficiency thanks to low portfolio turnover