Investment Approach

Our highest conviction ideas are selected for this research-focused approach that identifies what we believe are best of breed companies with a sustainable competitive advantage and growth potential, trading at what we believe are attractive valuations.

Core Principles

  • Long-term investment approach emphasizing high quality, best of breed companies and consistency of performance
  • Disciplined process from which our experienced team does not deviate
  • Rigorous research to develop deep knowledge of portfolio companies
  • High conviction, focused portfolio with diversified sources of alpha
  • Broad universe of potential investment opportunities
  • Established risk-adjusted returns

Commentary

PERFORMANCE*

Annual Returns as of September 30, 2021 (%)

  3Q21 YTD 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
US Equity composite, gross 2.26 18.04 22.64 34.91 0.73 27.87 9.74 2.19 16.47 38.64 15.97 6.24 17.79
US Equity composite, net 2.04 17.26 21.56 33.73 -0.17 26.75 8.76 1.28 15.44 37.44 14.95 5.29 16.75
S&P 500 ($US) 0.58 15.92 18.39 31.49 -4.38 21.83 11.96 1.38 13.69 32.39 16.00 2.11 15.06
Added Value, gross 1.68 2.12 4.24 3.42 5.11 6.04 -2.22 0.80 2.78 6.25 -0.04 4.12 2.73
Added Value, net 1.45 1.34 3.17 2.25 4.21 4.92 -3.19 -0.11 1.75 5.05 -1.06 3.18 1.69

 

Annualized Returns as of June 30, 2021 (%)

  1 yr 3 yrs 5 yrs 7 yrs 10 yrs

Since Inception¹

US Equity composite, gross of fees 31.10 20.19 20.52 17.47 19.37 19.92
US Equity composite, net of fees 29.96 19.13 19.46 16.43 18.32 18.87
S&P 500 ($US) 30.00 15.99 16.89 14.01 16.63 16.79
Added Value, gross of fees 1.10 4.20 3.63 3.46 2.74 3.14
Added Value, net of fees -0.04 3.14 2.57 2.42 1.69 2.08

¹ Inception date: April 1st, 2009

 

 

*Past performance is not a guarantee of future results. Inherent in any investment is the potential for loss. Gross performance results do not reflect the deduction of management fees or other expenses. Net performance results are calculated using the highest management fee currently charged to any account, fund, or other investment vehicle using this strategy (collectively, the “accounts”), but do not reflect the deduction of other expenses that may be charged to an account, such as administration or custody fees. The actual management fee paid by an account may be higher or lower. Performance of the composite is provided for illustration purposes only and should not be construed as performance of a particular account. The performance results include the reinvestment of all dividends and capital gains. The accounts included in the composite reflect all accounts managed by the portfolio management team following this strategy, which includes accounts managed by the team for Fiera Capital Corporation itself and for Fiera Capital Inc. through its participating affiliate arrangement with Fiera Capital Corporation. Please refer to Important Disclosures for information regarding the participating affiliate arrangement, index comparisons, and other important information.                                                                                                                                                                                                                                

Senior Investment Team

Nadim RizkNadim Rizk

Senior Vice President and Lead Portfolio Manager, Global Equities

Nadim Rizk is Head of the Global Equity team and is the Lead Portfolio Manager of the U.S., International and Global Equity strategies at Fiera Capital Corporation. In connection with the provision of investment advisory services to U.S. clients of Fiera Capital, Nadim acts under a participating affiliate arrangement between Fiera Capital Inc. and Fiera Capital Corporation. See Important Disclosures for information regarding this participating affiliate arrangement.

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Andrew ChanAndrew Chan

Vice-President and Director of Research, Global Equities

Andrew Chan is a member of the Global Equity team and is portfolio manager for the U.S., International and Global Equity strategies at Fiera Capital Corporation. In connection with the provision of investment advisory services to U.S. clients of Fiera Capital, Andrew acts under a participating affiliate arrangement between Fiera Capital Inc. and Fiera Capital Corporation. See Important Disclosures for information regarding this participating affiliate arrangement.

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