Toronto-based Bridgehouse Asset Managers is launching a retail version of a top-ranked institutional global equity growth portfolio through the firm’s partnership with Regina-based Greystone Managed Investments Inc.
The institutional Greystone Global Equity Pooled Fund was deemed to have the highest performance among funds included in the category of institutional global equity in Mercer LLC’s pooled fund survey for Canadian institutional investors as of Dec. 31, 2015, according to Bridgehouse’s announcement. The fund accomplished this feat by producing the best four-year average annual return.
“Our goal for the Greystone Global Equity Fund is to outperform the market over three to five years with a more consistent pattern of returns compared with other growth-style options,” says Jeff Tiefenbach, senior vice president, international equities with Greystone, in a statement. “To do that, we seek out companies that have demonstrated superior earnings growth, positive business momentum and sustainable profitability while ensuring that we do not overpay for these growth characteristics.”
Greystone Global Equity Fund will be available in a currency-hedged or unhedged series, according to Bridgehouse, which is the trade name for Brandes Investment Partners and Co.
“Investors want an all-weather growth investment that remains more consistent in both rising and falling market environments,” says Carol Lynde, president and chief operating officer of Bridgehouse, in a statement. “Greystone is well-respected in the institutional world for their risk consciousness and demonstrated ability to perform consistently.”
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