Overview
Overview
Fiera Capital International ADR SMA seeks to achieve long-term capital growth by investing in a dynamic combination of stable and emerging growth stocks of international companies as it seeks to outperform its benchmark, the MSCI ACWI EX-US Index.
Benchmark: MSCI ACWI EX-US Index
Top-Down/Bottom-Up Approach
Focus on top-down secular growth trends and bottom-up fundamental drivers.
Different Phases of Growth
Portfolio construction consists of a dynamic combination of Stable and Emerging Growth companies.
Disciplined Process
Focus on a disciplined, consistent and repeatable process over multiple economic cycles.
Philosophy
Philosophy
The investment team believes the intersection of top-down global secular trends combined with rigorous bottom-up fundamental research is a key driver of repeatable alpha generation. The team believes the market tends to underestimate the longer-term impact of inflections in areas that have a compelling thematic backdrop or supportive structural growth dynamics. The team’s proprietary process balances portfolios between “stable growth” companies with more established fundamentals and “emerging growth” companies with higher growth potential.
Process
Process
Thematic investing seeks to identify secular growth trends that may provide a tailwind for companies that benefit from or provide innovative solutions to major technological, economic, demographic, regulatory or societal changes.
Proprietary growth screens are used to narrow the universe of international ADR securities that have similar market capitalization to those in the MSCI ACWI ex US Index. The screens help identify stable growth companies that exhibit earnings growth and consistency of earnings per share growth and emerging growth companies that exhibit accelerating revenue growth. Further research is conducted on screened companies through a thorough review of business fundamentals.
Risk is monitored through regular meetings focused on portfolio characteristics and exposure levels and is incorporated through portfolio guidelines.
Team
Team
Depth and expertise in traditional and alternative strategies
Fiera Capital Corp. ("Fiera Capital") is a global investment management firm with $117 billion in AUM1 (as of 12/31/22), with over 200 investment professionals providing depth and expertise across traditional and alternative investment strategies. Fiera’s boutique structure empowers their investment teams to focus on their core competencies, while providing access to the firm’s deep resources.
Sunil M. Reddy
Head of Growth Equity, Lead Portfolio Manager
David Cook
Portfolio Manager & Equity Analyst
Michael Carrier
Vice President, Portfolio Manager
Bhavik Kothari
Portfolio Manager & Equity Analyst
Rick Vallieres
Portfolio Manager & Equity Analyst
Audrey Le
Portfolio Manager & Equity Analyst
Michael Yoo
Equity Research Analyst