Investment Options

Letko Brosseau offers a variety of investment strategies to help meet the specific needs of its clients based on their investment profile and financial objectives. Portfolios are constructed with a balanced exposure in mind and good representation across many industries and regions of the globe.

We strive to exceed their investment objectives and provide excellence in everything we do.



Investment
Strategies

Emerging Markets

The strategy is designed for investors with a long-term investment horizon seeking a diversified emerging markets equity portfolio. LBA has been investing in emerging markets since 1988. We offer a compelling value proposition based on our knowledge-based investing approach, collaborative team structure, price discipline, and low fees.


Forward P/E Ratio:10.9
Average Dividend Yield:4.4%

Factsheet

Related content:

Financial Post: Mitigating risk in emerging markets through ESG integration
Financial Post: Hunting for value in emerging markets with Rohit Khuller
India: a country of great promise

Canadian Equity

The strategy is designed for investors with a long-term investment horizon seeking a diversified Canadian equity portfolio. LBA has been investing in Canada since 1988. We offer a compelling value proposition based on our knowledge-based investing approach, collaborative team structure, price discipline, and low fees.


Forward P/E Ratio:11.9
Average Dividend Yield:3.2%

Factsheet

Global Equity (Canadian Bias)

The strategy is designed for investors with a long-term investment horizon seeking a diversified global equity portfolio. LBA has been investing in companies in global equity markets since 1988. We offer a compelling value proposition based on our knowledge-based investing approach, collaborative team structure, price discipline, and low fees.


Forward P/E Ratio:12.3
Average Dividend Yield:3.4%

Factsheet

Fossil Fuel Free Global Equity Strategy (Canadian Bias)

The strategy is designed for investors with a long-term investment horizon seeking a diversified global equity portfolio that excludes energy. LBA has been investing in companies in global equity markets since 1988. We offer a compelling value proposition based on our knowledge-based investing approach, collaborative team structure, price discipline, and low fees.


Forward P/E Ratio:12.3
Average Dividend Yield:3.3%

Factsheet

Global Balanced (Canadian Bias)

The strategy is designed for investors with a long-term investment horizon seeking a diversified Global Balanced portfolio. LBA has been managing Global Balanced portfolios since 1988. The Global Balanced strategy aim to make the best investments adjusted for risk regardless of asset class, geography or industry. We offer a compelling value proposition based on our knowledge-based investing approach, collaborative team structure, price discipline, and low fees.


Forward P/E Ratio:12.1
Average Dividend Yield:3.4%

Factsheet

Infrastructure Equity

The strategy is designed for investors with a long-term investment horizon seeking a diversified global infrastructure equity portfolio offering growth potential, stable cash flow and an attractive dividend yield. We offer a compelling value proposition based on our knowledge-based investing approach, collaborative team structure, price discipline, and low fees.


Forward P/E Ratio:10.8
Average Dividend Yield:5.1%

Factsheet

Investment
Strategies

Emerging Markets

The strategy is designed for investors with a long-term investment horizon seeking a diversified emerging markets equity portfolio. LBA has been investing in emerging markets since 1988. We offer a compelling value proposition based on our knowledge-based investing approach, collaborative team structure, price discipline, and low fees.


Forward P/E Ratio:10.9
Average Dividend Yield:4.4%

Factsheet

Related content:

Financial Post: Mitigating risk in emerging markets through ESG integration
Financial Post: Hunting for value in emerging markets with Rohit Khuller
India: a country of great promise

Canadian Equity

The strategy is designed for investors with a long-term investment horizon seeking a diversified Canadian equity portfolio. LBA has been investing in Canada since 1988. We offer a compelling value proposition based on our knowledge-based investing approach, collaborative team structure, price discipline, and low fees.


Forward P/E Ratio:11.9
Average Dividend Yield:3.2%

Factsheet

Global Equity (Canadian Bias)

The strategy is designed for investors with a long-term investment horizon seeking a diversified global equity portfolio. LBA has been investing in companies in global equity markets since 1988. We offer a compelling value proposition based on our knowledge-based investing approach, collaborative team structure, price discipline, and low fees.


Forward P/E Ratio:12.3
Average Dividend Yield:3.4%

Factsheet

Fossil Fuel Free Global Equity Strategy (Canadian Bias)

The strategy is designed for investors with a long-term investment horizon seeking a diversified global equity portfolio that excludes energy. LBA has been investing in companies in global equity markets since 1988. We offer a compelling value proposition based on our knowledge-based investing approach, collaborative team structure, price discipline, and low fees.


Forward P/E Ratio:12.3
Average Dividend Yield:3.3%

Factsheet

Global Balanced (Canadian Bias)

The strategy is designed for investors with a long-term investment horizon seeking a diversified Global Balanced portfolio. LBA has been managing Global Balanced portfolios since 1988. The Global Balanced strategy aim to make the best investments adjusted for risk regardless of asset class, geography or industry. We offer a compelling value proposition based on our knowledge-based investing approach, collaborative team structure, price discipline, and low fees.


Forward P/E Ratio:12.1
Average Dividend Yield:3.4%

Factsheet

Infrastructure Equity

The strategy is designed for investors with a long-term investment horizon seeking a diversified global infrastructure equity portfolio offering growth potential, stable cash flow and an attractive dividend yield. We offer a compelling value proposition based on our knowledge-based investing approach, collaborative team structure, price discipline, and low fees.


Forward P/E Ratio:10.8
Average Dividend Yield:5.1%

Factsheet

Investment Principles

Fundamental approach

Fundamental approach

Top-down assessment of global economies and bottom-up analysis of industries and companies are key.

Price sensitivity

Price sensitivity

Has only meaning when compared to the underlying economic value of a company’s activities.

International perspective

International perspective

Research team organized along global sector lines is optimal.

Longer investment horizon

Longer investment horizon

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

ESG integration

ESG integration

Sustainability factors contribute to long-term performance.

Public-markets universe

Public-markets universe

Liquidity, transparency, low costs and strong governance reduce risk.


Letko Brosseau’s Investment Principles

ESG statement

At Letko Brosseau we believe that Environmental, Social, Governance (ESG) integration should allow our clients to benefit from sustainable returns over the long term, while effecting a positive societal impact. We believe portfolios with strong ESG scores often outperform lesser-ranked portfolios. LBA seamlessly integrates material ESG issues into the investment decision-making process and engages with companies seeking to improve their ESG performance.



ESG integration is the responsibility of our dedicated “ESG Lead” and each investment professional. ESG Framework is based on the Sustainability Accounting Standards Board’s (SASB) Materiality Map(1) adopted by our internal Climate Change committee.


(1) Letko Brosseau licenses and applies the SASB Materiality Map® Disclosure Topics and Accounting Metrics in its work.

Sustainable Investing

Long Term Track Record

Compounded Annualized Returns as of September 30, 2025*

1 Year3 years5 years10 yearsSince Inception
Global Balanced (Canadian Bias)(1)14.3%16.1%13.0%8.2%11.0%
Global Equity (Canadian Bias)(2)19.4%21.3%18.2%11.0%11.7%
Canadian Equity(3)22.9%18.9%21.2%11.8%13.1%
Emerging Markets(4)29.7%22.6%17.4%13.1%10.0%

Data is preliminary.

(1) The Composite inception date was in January 1988 and is defined to include all discretionary balanced mandates with a bias towards Canadian equities and asset mix targets within the following ranges: Fixed Income: 30-70% and Global Equities: 30-70%. The Composite assets as of September 30, 2025 were $4.5 billion or 23.1% of total assets under management. The benchmark has consisted of: 01-OCT-87 to 31-DEC-00: 5% FTSE Canada* 91 Day T-Bill Total Return Index, 40% FTSE Canada Universe Bond Total Return Index, 35% TSE 300 Composite Total Return Index adjusted to cap the weighting of any associated group of equities at 10% of the index and 20% MSCI World Total Return Net Index. 01-JAN-01 to 31-MAY-07: 5% FTSE Canada 91 Day T-Bill Total Return Index, 40% FTSE Canada Universe Bond Total Return Index, 30% S&P/TSX Composite Total Return Capped Index, 25% MSCI World Total Return Net Index. 01-JUN-07 to 31-DEC-17: 5% FTSE Canada 91 Day T-Bill Total Return Index, 40% FTSE Canada Universe Bond Total Return Index, 20% S&P/TSX Composite Total Return Capped Index, 35% MSCI World Total Return Net Index. 01-JAN-18 to today: 5% FTSE Canada 91 Day T-Bill Total Return Index, 40% FTSE Canada Universe Bond Total Return Index, 20% S&P/TSX Composite Total Return Capped Index, 35% MSCI All Country World Total Return Net Index.
(2) The Composite inception date was in January 1994 and is defined to include all discretionary equity mandates with a bias towards Canadian equities and asset mix targets for fixed income securities of less than 10%. The Composite assets as of September 30, 2025 were $3.6 billion or 18.4% of total assets under management. The benchmark has consisted of: 01-OCT-87 to 31-MAY-07: 2% FTSE Canada* 91 Day T-Bill Total Return Index, 59% TSE 300 Composite Total Return Index adjusted to cap the weighting of any associated group of equities at 10% of the index and 39% MSCI World Total Return Net Index. 01-JUN-07 to 31-DEC-17: 2% FTSE Canada* 91 Day T-Bill Total Return Index, 34% S&P/TSX Composite Total Return Capped Index, 64% MSCI World Total Return Net Index. 01-JAN-18 to today: 2% FTSE Canada 91 Day T-Bill Total Return Index, 34% S&P/TSX Composite Total Return Capped Index, 64% MSCI All Country World Total Return Net Index.
(3) The Composite inception date was in October 1995 and is defined to include all discretionary Canadian equity mandates with asset mix targets for fixed income securities of less than 10%. The Composite assets as of September 30th, 2025 were $4.6 billion or 23.6% of assets under management. Since inception in September 1995, the benchmark has consisted of 2% FTSE Canada* 91 Day T-Bill Total Return Index and 98% S&P/TSX Composite Total Return Capped Index (formerly TSE 300 Composite Total Return Capped Index).
(4) The Composite inception date was in July 2011 and is defined to include all discretionary emerging market equity mandates with asset mix targets for fixed income securities of less than 10%. The Composite assets as of September 30, 2025 were $2.3 billion or 11.6% of total assets under management. The benchmark has consisted of: 01-OCT-87 to 31-DEC-23: 5% Deutsche Bank Fed Funds Effective Rate Total Return Index, 95% MSCI Emerging Markets Total Return Net Index. 01-JAN-24 to today: 100% MSCI Emerging Markets Total Return Net Index.

Performance results reflect the reinvestment of dividends, income and other earnings. Reclaimable withholding tax refunds are recognized when received. The benchmark is fully invested, and its returns include the reinvestment of dividends, income and other earnings. Performance results are presented before management and custodial fees but after trading commissions. Custody/administration costs may vary depending on client’s custody arrangement and account. Past performance does not guarantee future returns.

* The FTSE Canada indexes were previously known as the FTSE TMX Canada indexes until July 2018, as the DEX indexes until July 2014 and the Scotia McLeod indexes until October 2007.

Private Client Investments

Letko Brosseau has managed assets for private clients since the inception of the firm in 1987. Our Private Wealth Team consists of qualified professionals with diverse backgrounds.


Private Client Investments

Management Fees


Management Fees

Concerned about your portfolio?

Subscribe to Letko Brosseau’s newsletter and other publications: