International Equity

Investment Philosophy

Our international equity portfolios are based on award-winning research conducted over the past 18 years. This research has been tested in numerous market environments. Major tenets of this research include:

• Country allocation drives excess returns in international/global equity portfolios
• Alpha can be captured through a disciplined quantitative approach to country allocation and enhanced portfolio construction
• Quantitative methodologies exploit market segmentation and human emotions which can create valuation anomalies and macro-economic inefficiencies in global equity markets
• Risk controls are applied to the portfolio to ensure proper diversification; the quantitative approach reduces investor bias

Above all, we focus on top-down country allocation. Empirical research suggests that country allocation can have a significant impact on performance. Our international equity portfolios are based on multi-factor quantitative analysis that determines how to apply country exposure. Our portfolios provide broad exposure to a country's entire market, and may be constructed using local ordinary shares, or Exchange Traded Funds (ETFs) and baskets of American Depository Receipts (ADRs), depending on the strategy.

Meet our International Equity Team »