Global Investment Management

Global Investment Management

Letko, Brosseau & Associates Inc. is an independent investment manager founded in 1987. As at December 31, 2018, the firm manages $27 billion in assets for more than 420 institutional investors and several thousand private clients. It has offices in Montreal, Toronto and Calgary.
Our aim is to safeguard and responsibly grow the assets that our clients have entrusted to us. We are committed to acting ethically, always serving clients’ interests.

Investment Approach

in-house research

Top-down forecasts of global economies and bottom-up assessment of industries and businesses are key.


Research team organized along global sector lines is optimal.


Sustainability factors contribute to long-term performance.


Price only has meaning when compared to the underlying economic value of a company's activities.

Longer investment

Economic forces often become more predictable when viewed over longer periods.


Diversification, liquidity, transparency, low costs and strong governance reduce risk.

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Independent for 30 years, Letko Brosseau has provided clients consistent outperformance with investments in Canada and around the world.

We take a disciplined, long-term view based on fundamental research, economic analysis and the deep industry expertise of our multi-disciplinary team.

  • Balanced
  • Canadian Equity
  • Global Equity
  • Emerging Markets Equity
  • Fixed Income
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Billion in firm assets under management



Annualized returns over 30 years, and



Annualized benchmark outperformance

*The annual batting average refers to the percentage of time LBA’s annual return for all assets under management exceeded the annual weighted average of all clients’ benchmarks.

Performance numbers referenced above are annualized and presented in Canadian dollars gross of fees for all assets under management from Jan 1, 1988 to Dec 31, 2017 and do not refer to any composite. The benchmark is the weighted average of all clients’ benchmarks.

Past performance does not guarantee future results.