Frontier Markets

Management Style

Our approach to investing is bottom-up, stock-focused and research-driven. We focus on both quantitative and qualitative analysis and search for less well-understood opportunities. Regular
management meetings are a key principle of our process. We like to find companies we can invest in for the long term. Belief in the sustainability of their growth and evidence of good shareholder relations are key drivers for us. Portfolios are built on the basis of our conviction; we are aware of any benchmark index but if we don’t like a stock, we don’t invest in it, regardless of its index weighting.


Innovation_1st blue_1c90ebThe latest insights from the team

 

 

Core Principles

  • Seeking sustainable growth at a reasonable price from quality companies
  • Disciplined, risk-aware, bottom-up investment process
  • Long-standing management team invested in strategy
  • Ability and willingness to seek out under-researched ideas

PERFORMANCE*

Annual Returns as of June 30, 2020 (%)

  QTD YTD 2019 2018 2017 2016 2015 2014 2013 2012
Frontier Markets Strategy, gross 25.57 -26.12 17.90 -14.19 35.11 28.51 -4.53 -0.55 34.14 11.89
Frontier Markets Strategy, net 25.31 -26.60 16.56 -15.54 33.23 26.21 -5.87 -1.75 32.89 10.08
MSCI Frontier Markets Index 14.75 -15.77 17.99 -16.41 31.86 2.66 -14.46 6.84 25.89 8.85
Added Value, gross of fees 10.83 -10.35 -0.09 2.22 3.25 25.84 9.92 -7.39 8.24 3.04
Added Value, net of fees 10.57 -10.83 -1.43 0.87 1.37 23.55 8.59 -8.59 6.99 1.22

Annualized Returns as of June 30, 2020 (%)

  1 YR 3 YRS 5 YRS SI¹
Frontier Markets Strategy, gross -20.68 -7.06 4.09 6.67
Frontier Markets Strategy, net -21.62 -8.06 2.60 5.11
MSCI Frontier Markets Index -11.17 -1.77 -0.13 3.51
Added Value, gross -9.50 5.29 4.23 3.16
Added Value, net -10.45 -6.29 2.73 1.59

¹ Inception Date: June 30, 2010

*Performance is represented by the Frontier Markets Composite comprising fee-paying discretionary portfolios with a remit to invest principally in frontier markets. For comparison purposes, the composite is measured against the MSCI Frontier Markets Index, a free float-adjusted market capitalization weighted index that is designed to measure equity market performance in global frontier markets. Performance is given in USD and is annualized for periods in excess of one year. Gross performance does not reflect the deduction of management fees but includes all other fees and expenses. Net performance does reflect the deduction of management fees and includes all other fees and expenses. The actual management fee and expenses paid by an account may be higher or lower. Performance as stated includes the reinvestment of all dividends and capital gains. Fiera Capital claims compliance with the Global Investment Performance Standards (GIPS®) and has been independently verified for the period 1 Jun 2000 through 31 Dec 2018. A copy of the verification report and a presentation that adheres to GIPS standards are available upon request to the Marketing Department. Past performance is not a guarantee or indicator of future results. Inherent in any investment is the potential for loss. It is not possible to invest directly in an index, and investors pursuing a strategy similar to an index will be subject to fees and expenses that will reduce their return.

 

 

Senior Investment Team

Dominic Bokor-IngramDominic Bokor-Ingram

Senior Portfolio Manager, Frontier Markets

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