Global Investment Management

Global Investment Management

Letko, Brosseau & Associates Inc. is an independent investment manager founded in 1987. As at December 31, 2017, the firm manages over $30 billion in assets for more than 450 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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Canada is a well-governed,resource-rich country full of entrepreneurial spirit. Its deep financial markets have been a great place to invest.

Independent for 30 years and managing total assets of over $ 30 billion, Letko Brosseau has provided clients consistent outperformance with investments in Canada and around the world. We take a long-term view based on fundamental research, economic analysis, and the deep industry expertise of our talented team.

Also managing Balanced, Global Equity, Emerging Markets Equity & Fixed Income.

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Billion Canadian equity composite



Annualized returns over 22 years, and



Annualized benchmark outperformance

Performance results referenced above are annualized and presented in Canadian dollars gross of fees for the Letko Brosseau Canadian Equity Composite. This $7.2
billion composite includes all discretionary Canadian equity mandates with asset mix targets for fixed income securities of less than 10%. The benchmark since
inception on October 1, 1995 is 2% FTSE TMX 91 day T-bill Total Return Index and 98% S&P/TSX Composite Total Return Capped Index. Past performance does not
guarantee future results.

*Peer comparison universe is the RBC Investor & Treasury Services Canadian Equity Funds Active Equally Weighted Universe, dated December 31, 2017.