Overview
Overview
Epoch Investment Partners, Inc. (“Epoch”) pursues long-term capital appreciation by investing in a concentrated portfolio of global businesses they believe have superior risk-reward profiles.
Philosophy
Philosophy
Epoch believes that the best predictors of long-term shareholder return are growth in free cash flow and management’s skill in allocating that cash. Epoch’s approach centers around analysis driven by financial metrics, primarily free cash flow, believing:
- Free cash flow generation creates value
- Sound capital allocation drives growth in value
- Incorporates the time value of money
Process
Process
The portfolio is a concentrated global portfolio of 25 to 35 companies selected based on their ability to generate free cash flow and allocate it intelligently to create shareholder value:
- High-conviction holdings, selected primarily from other Epoch portfolios
- Flexibility to invest across geographies and the market capitalization spectrum
- Blend of individual bottom-up opportunities with top-down macroeconomic insights
- Portfolio construction framework designed to minimize unintended risks and reduce volatility: the strategy has below-market volatility in U.S. dollars despite being concentrated
Portfolio construction and risk management
Team
Team
Epoch Investment Partners
Global equity manager with a distinct perspective on the long-term drivers of shareholder return.
Global asset management firm that manages U.S., non-U.S. and global equity strategies for institutional and intermediary clients; their investment strategy is based on fundamental research and seeks to invest in companies that can grow free cash flow and allocate it effectively for the benefit of shareholders.
Effective 3/31/24, William Priest will no longer serve as co-portfolio manager on MainStay Epoch Global Choice ADR.
William W. Priest
Executive Chairman, Co-CIO
William Booth
Managing Director
David Pearl
Executive Vice President
Michael Welhoelter
Managing Director
Jeff Cino
Director of Research, Research Analyst