MARKET COMMENTARY

Why Style Matters

Knowing an investment manager’s style gives you valuable insight on portfolio characteristics and performance. Discover the story, value and growth styles are telling today.

06.30.2018 - Giles Marshall, Vice President, Portfolio Manager,

The word “style” conjures up a number of images from fashion to cars to architecture. Investment style refers to an investment manager’s broad investment approach. Looking at equity managers, while you’ll hear terms such as Core, Growth at a Reasonable Price (GARP), Quantitative or Momentum, most managers describe their investment style as Value or Growth.

Do such distinctions matter? Yes. While many more questions need to be asked to fully understand a manager’s investment philosophy, approach and process, their style description is the first indicator of the characteristics emphasized in selecting stocks and the characteristics to be expected from the aggregate portfolio. With such information, inferences can be made as to how the portfolio is likely to perform in various market conditions and how best to measure performance in absolute terms, as well as versus its peers and a benchmark.

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MARKET COMMENTARY

Fiduciary Duty Works Here

06.30.2018 Vincent Tonietto - Vice President, Portfolio Manager

Fiduciary duty has been in the news over the last few years. Vincent shares his views and illustrates how it’s applied at Fiduciary Trust Canada

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MARKET COMMENTARY

Q2 Produces Uneven Results

06.30.2018 Scott Guitard, Vice President, Portfolio Manager

Read where the strategy succeeded and faltered in Q2, as well as the thinking behind adding global bonds to the fixed income mix.

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