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

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:10.1
Average Dividend Yield:2.9%

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:10.7
Average Dividend Yield:3.0%

Factsheet

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:9.6
Average Dividend Yield:4.5%

Factsheet

Canadian Equity Income

The strategy is designed for investors with a long-term investment horizon seeking a diversified equity portfolio with an emphasis on generating income in the form of steady, growing dividends and lower volatility. The strategy has the flexibility to invest up to 30% of its funds in other developed countries to capture global investment opportunities and to achieve optimal diversification. 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:13.5
Average Dividend Yield:4.0%

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:11.8
Average Dividend Yield:3.0%

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:10.8
Average Dividend Yield:3.1%

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:11.1
Average Dividend Yield:5.2%

Factsheet

Investment
Strategies

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:10.1
Average Dividend Yield:2.9%

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:10.7
Average Dividend Yield:3.0%

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:9.6
Average Dividend Yield:4.5%

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Canadian Equity Income

The strategy is designed for investors with a long-term investment horizon seeking a diversified equity portfolio with an emphasis on generating income in the form of steady, growing dividends and lower volatility. The strategy has the flexibility to invest up to 30% of its funds in other developed countries to capture global investment opportunities and to achieve optimal diversification. 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:13.5
Average Dividend Yield:4.0%

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:11.8
Average Dividend Yield:3.0%

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:10.8
Average Dividend Yield:3.1%

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:11.1
Average Dividend Yield:5.2%

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 December 31, 2021*

1 Year3 years5 years10 yearsSince Inception
Global Balanced (Canadian Bias)(1)8.5%7.3%5.6%8.4%11.0%
Global Equity (Canadian Bias)(2)14.0%10.2%7.5% 11.6% 11.4%
Canadian Equity(3)28.2%14.0% 9.8% 11.7% 13.4%
Emerging Markets(4)8.3%6.2% 6.6% 9.0% 7.7%

*Data is preliminary.

(1) This Composite includes all discretionary balanced mandates with a bias towards Canadian equities and asset mix targets within the ranges of 30-70% for fixed income and 30-70% for global equities. The Composite assets as of March 31, 2022 were $4.34 billion or 24.28% of total assets under management. The Composite inception date is January 1, 1988.

(2) This Composite includes 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 March 31, 2022 were $2.88 billion or 16.09% of total assets under management. The Composite inception date is January 1, 1994.

(3) This Composite includes all discretionary Canadian equity mandates with asset mix targets for fixed income securities of less than 10%. The Composite assets as of March 31, 2022 were $4.43 billion or 24.81% of total assets under management. The Composite inception date is October 1, 1995.

(4) This Composite includes all discretionary emerging markets equity mandates with asset mix targets for fixed income securities of less than 10%. The Composite assets as of March 31, 2022 were $1.3 billion or 7.45% of total assets under management. The Composite inception date is July 1, 2011.

Performance results reflect the reinvestment of dividends, income and other earnings and are presented net of all foreign withholding taxes. Reclaimable withholding tax refunds are recognized when received. Performance results are presented before management and custodial fees but after trading commissions. This information is for informational purposes only and is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. It does not consider any investor’s particular investment objectives, strategies, tax status or investment horizon. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Past performance is not a guarantee of future returns. All investments pose the risk of loss and there is no guarantee that any of the benefits expressed herein will be achieved or realized.

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