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.
Economic forces often become more predictable when viewed over longer periods.
Diversification, liquidity, transparency, low costs and strong governance reduce risk.
China, India, Eastern Europe, Africa and Latin America are amongst the fastest growing and most dynamic economic regions of the world. A true global investment strategy needs exposure to strong businesses in these areas.
Letko Brosseau has been investing in Emerging Markets for more than 20 years, with a dedicated Emerging Markets strategy since 2011.
Letko Brosseau has been independent since 1987 and now manages assets of approximately $28 billion.
Our disciplined and long-term approach, alongside the deep industry expertise of our talented and multi-cultural team, have provided meaningful results in these high-potential markets.
billion in emerging market equities
7+ years annualized return
annualized benchmark outperformance
Performance results are annualized and presented in Canadian dollars gross of fees for the Letko Brosseau Emerging Markets Equity Composite. This $1.6 billion composite was created in July 2011 and includes all discretionary emerging markets equity mandates with asset mix targets for fixed income securities of less than 10%. The benchmark since inception is 5% Deutsche Bank Federal Funds Effective Rate Total Return Index and 95% MSCI Emerging Markets Total Return Net Index.
* Refers to annualized returns of the Letko Brosseau Emerging Markets Composite for 1, 3, 4, 5 and 6 years to March 31, 2019. Peer comparison is the Pavilion Advisory Group Ltd.’s Global Emerging Markets Equity Universe dated March 31, 2019, which includes 150+ investment strategies globally.
Past performance does not guarantee future results.