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.
Independent since 1987 and managing total assets of over $30 billion, Letko Brosseau has been investing in Emerging Markets for more than 19 years. A dedicated Emerging Markets strategy has been offered since 2011.
Our disciplined, long-term approach and the deep industry expertise of our talented, multi-cultural team has proven highly successful in these high-potential markets.
Billion in emerging market equities**
19 years annualized returns
Annualized benchmark outperformance
*Performance results are annualized and presented in Canadian dollars gross of fees for the Letko Brosseau Emerging Markets Equity Composite. This $1.5 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. Peer
comparison is the Pavilion Advisory Group Ltd.’s Global Emerging Markets Equity Universe dated December 31, 2017, which includes 150+ investment strategies globally.
**Performance results are annualized and presented in Canadian dollars gross of fees for all Emerging Markets equities managed by Letko Brosseau since January 1, 1999
and do not refer to any composite. The benchmark over this 19 year period is the MSCI Emerging Mar kets Total Return Net Index.
Past performance does not guarantee future results.