Fundamental means we focus on the economies, industries and companies in which we invest. We actively seek attractive investments and make an effort to identify longer-term trends and issues that will define the future.
Our team of engineers, geologists, health care practitioners and other experts study companies. They meet with them, compare them, talk to their clients and suppliers, and review their financials.
Our research includes the development of financial forecasts for each company considered with the cooperation of senior management. We believe this is an important part of our evaluation process, helping us better understand the various influences on profitability and possible changes.
In equity investments, we focus on companies that have strong balance sheets, steady cash flow, solid dividend yields and the prospect for appreciation on the strength of improved performance and market re-valuation over a three- to five-year time horizon.
In fixed income investments, we emphasize holding high quality bonds that meet the objectives of stability and income. We focus on studying the world and North American economies to develop views on future movements in interest rates to position the portfolios appropriately. We also spend time looking at individual securities and their particular attributes, such as credit risk, inflation protection, embedded options and other characteristics.
Independent for 32 years, Letko Brosseau has provided clients long-term
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.
• Fixed Income
• Global Equity
• Global Equity Income
• Fossil Fuel Free Equity
• Emerging Markets Equity
• Canadian Equity
billion in firm assets under management
annualized return for over 32 years
annualized benchmark outperformance
Value added represents the excess return over the weighted average of all clients’ benchmarks for all assets under management gross of fees from Jan 1, 1988 to June 30, 2020.
Performance numbers referenced are annualized and presented in Canadian dollars gross of fees for all assets under management from Jan 1, 1988 to June 30, 2020 and do not refer to any composite.
The results in the Portfolio Metrics table are calculated by aggregating all assets, all bonds and all equities, respectively in LBA managed discretionary accounts. The benchmark is the weighted average of all clients’ benchmarks. Total firm assets includes $276 million of frozen / transition accounts as of June 30, 2020.
Past performance is not a guarantee of future results.