CC&L Financial Group
Contact Us
Knowledge Centre
Media Centre
Careers
Skip to Content
Who We Are
About Us
People
NS Partners in the Community
Affiliates
Contact Us
What We Do
Expertise
Philosophy
Approach
Investing With NS Partners
Commentaries
Strategy Commentaries
Quarterly Liquidity Insights
Money Moves Markets
Money Moves Markets Archive
Our Strategies
NS Partners Strategies
NS Partners International Equity
NS Partners Global Emerging Markets Equity
NS Partners ACWI ex-US Focused Equity
NS Partners European Equity
NS Partners International Equity Focused
NS Partners Global Equity
Our Strategies
/
NS Partners Strategies
/
NS Partners International Equity Focused
/
Overview
Money Moves Markets
NS Partners International Equity Focused
NS Partners Strategies
NS Partners International Equity
NS Partners Global Emerging Markets Equity
NS Partners ACWI ex-US Focused Equity
NS Partners European Equity
NS Partners International Equity Focused
NS Partners Global Equity
Overview
More Information
Highlights
Unique Investment Philosophy:
Emphasizes inflection points in liquidity conditions and stocks with improving economic profitability
Differentiated Investment Process:
Designed to steer fundamental stock selection to countries with a favourable market environment
Focused Risk Management:
Employs a factor risk model designed to avoid unintended country, sector or company exposure
Objectives
Long-term growth through concentrated investments in equity securities listed on foreign stock exchanges
Return Objective: MSCI EAFE Net Index + 3% per annum over a market cycle
Risk Objective: 3%-4% average tracking error per year over a market cycle
Investment Philosophy
Country selection matters – excess money moves both asset markets and economies
Economic profitability drives stock selection – securities generating high or improving economic profitability relative to the market with outperform
Peer review discipline – revalidate, continually test convictions, ensure tight capital discipline
Investment Process
Macroeconomic and Liquidity Analysis
Changes in liquidity conditions influence security prices
Country Selection
Country weights based on conviction, relative return opportunity and risk
Stock Selection
Focus on securities expected to have improving economic profitability
Portfolio Construction
Macroeconomic liquidity analysis provides the framework for portfolio construction
Portfolio typically holds 50 securities
Portfolio Risk and Review
Formal monthly meetings to peer review portfolio
Employ a factor risk model to avoid unintended country, sector or company exposure
Quick Facts
Inception Date
October 31, 2004
All data as at: Jan 27, 2021
Sector Allocation
% of Portfolio
Industrials
23.91%
Information Technology
16.72%
Consumer Discretionary
12.52%
Health Care
10.18%
Financials
9.72%
Consumer Staples
8.39%
Materials
8.09%
Real Estate
5.68%
Communication Services
2.28%
Energy
2.14%
Cash
0.37%
Utilities
0.00%
Contact Us
London
+44 (0) 203-535-8100
Click for more contact information
To Top
Home
Contact Us
Sitemap
Legal & Compliance