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NS Partners International Equity Focused

Product Highlights

  • Portfolio Manager average tenure over 17 years
  • Philosophical commitment to liquidity analysis
  • Fundamental approach, Economic Value Added (EVA®) discipline
  • Focus on medium and large cap companies with a bias towards quality/growth
  • Regional portfolio construction
  • Blend of alpha sources: market allocation and stock selection

Investment Objectives

  • Long-term growth through concentrated investments in equity securities listed on international stock exchanges
  • Return Objective: MSCI EAFE Index + 2-4% per annum over a market cycle
  • Risk Objective: 2-4% tracking error relative to the MSCI EAFE Index

Philosophy

  • Added value can be achieved through fundamental research, macro-liquidity insights and active portfolio management
  • Seek companies with durable growth, generating high ROIC and earnings momentum
  • Maximize exposure to the best market opportunities while keeping within acceptable risk tolerance levels and ensuring diversification
  • Focus on economic profit analysis allows us to consistently avoid companies underperforming over the long term]

Process

  • Interpret structural and cyclical liquidity fueled themes
  • Disciplined combination of country and regional analysis coupled with bottom-up stock selection based on economic profitability
  • Three key research components:
    • Stock: EVA® methodology is used to identify companies with strong fundamentals, high return on invested capital and attractive valuation
    • Country: Country and regional analysis encompassing macroeconomic analysis with focus on liquidity as well as an assessment of political risk
    • Sector & Industry: As a function of stock selection, global industry analysis is used to identify companies likely to benefit from structural changes in the market
  • Risk Controls – Liquidity analysis meters aggressive/defensive positioning. Risk attribution system quantifies stock, sector and regional allocations
Quick Facts
Inception Date October 31, 2004
All data as at: Feb 22, 2018
Sector Allocation
% of Portfolio
Financials 21.74%
Industrials 14.88%
Consumer Discretionary 12.69%
Consumer Staples 10.88%
Information Technology 10.01%
Health Care 9.76%
Materials 7.68%
Energy 5.00%
Other 3.98%
Telecommunication Services 1.80%
Real Estate 1.32%
Cash 0.27%
Utilities 0.00%

Contact Us

+44 (0) 203-535-8100
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