Brown Advisory launches sub-advised World Value Fund
 

• Identifies quality global companies with stable, growing business fundamentals and strong balance sheets whose stocks trade at a discount to intrinsic value according to a disciplined, rules-based investment process.
• The Strategy has a consistent track record of value benchmark outperformance: on a rolling 5-year basis net of fees, the strategy has outperformed the benchmark 92% of the time.
• The Fund is co-managed by Beutel Goodman’s Ryan Fitzgerald and Stanley Wu, who have a combined 40+ years’ financial industry experience.
   

London, 31 January 2024 – Brown Advisory, a global and independent investment management firm with $147.6 billion in client assets*, has launched the BA Beutel Goodman World Value Fund (“the Fund”) under its Dublin UCITS umbrella in response to growing client demand for global value strategies. The Fund will be sub-advised by Beutel Goodman & Company Ltd, a Toronto-based investment manager with US$35.9 billion* in assets under management. This is the second sub-advised fund with Beutel Goodman after the BA Beutel Goodman U.S. Value Fund, which successfully launched in November 2020 and today has over $1.35 billion in assets*.

The Fund will follow the Beutel Goodman World Focus Equity Strategy’s (“the Strategy”) investment approach using bottom-up, fundamental research to identify global companies trading at discounts to their business value to build a concentrated portfolio of 25-30 high-conviction holdings diversified across industries and geographies. Its focus on quality companies with stable, growing business fundamentals and strong balance sheets is designed to mitigate any potential for capital loss.

Beutel Goodman’s team has cultivated a strong track record, with the Strategy showing a consistent track record against the MSCI World Value Net Index^[1]: on a rolling 5-year basis net of fees, the strategy has outperformed the benchmark 92% of the time.

The World Value Fund will join a strong suite of value investment strategies available through Brown Advisory, including the U.S. Sustainable Value Fund and BA Beutel Goodman U.S. Value Fund.

Logie Fitzwilliams, Head of International Business and Global Head of Sales at Brown Advisory, said: “Brown Advisory’s long-standing partnership with Beutel Goodman is built on a shared philosophy of long-term, thoughtful investing rooted in high conviction and low turnover of stocks. The World Value Fund is a natural complement to our Global Leaders Fund. In response to their demand, we look forward to providing clients with this proven global value investment strategy.”

The Fund is managed by Ryan Fitzgerald and Stanley Wu, who have a combined 40+ years’ financial industry experience. Both are Vice Presidents in Beutel Goodman’s U.S. and International Equities team.

Ryan Fitzgerald, Portfolio Manager, said: “The World Value Fund is compelling because it is expanding on a tried-and-tested, bottom-up investment approach to capture discounted businesses with strong fundamentals across the globe. Against the backdrop of an increasingly interesting macroeconomic environment, we believe that this strategy will enable us to uncover undervalued companies that others may overlook in the long term and support our aim of delivering attractive returns for our investors.”

The Fund is governed by Article 8 of the Sustainable Finance Disclosure Regulation (SFDR).

*As at 31 December, 2023

-ENDS-

About Ryan Fitzgerald

Ryan joined Beutel Goodman in 2020 with over 20 years of financial industry experience. Prior to joining Beutel Goodman, Ryan worked for CI Investments in progressively senior roles, including 12 years as a senior member of CI's Signature Advisors Equity team, and overseeing equity investing as Co-Manager of the Signature High Income Fund, CI's largest fund. Ryan is a graduate of Saint Mary's University and is a CFA Charterholder.

About Stanley Wu

Stanley joined Beutel Goodman in 2016 and has over 20 years of investment experience. He is a portfolio manager and research analyst specialising in U.S. and global equities. Most recently, Stanley worked at Jarislowsky Fraser as co-manager of their international and global equity strategies and was involved in oversight of the firm's research process. Previous to that, Stanley was an equity analyst at Letko Brosseau & Associates. Stanley is a graduate of McGill University, the Chinese Academy of Sciences and Zhejiang University. He is also a CFA Charterholder.

About Brown Advisory

Brown Advisory is an independent investment management firm committed to providing its clients with a combination of first-class investment performance, strategic advice and the highest level of service. Brown Advisory has been a private and independent firm since 1998. Today, the firm has more than 800 colleagues – each with an equity interest – serving private clients and institutions in over 40 countries from 18 offices globally and is responsible for approximately US$147.6 billion in assets for private and institutional clients and charities as of December 2023. The firm’s colleague equity ownership, experienced investment professionals and client-first culture help to make a material difference in the lives of its clients. For more information, please visit www.brownadvisory.com.

About Beutel Goodman & Company Ltd

Beutel Goodman & Company Ltd. is a privately owned, independent Canadian investment manager with US$35.9 billion in assets under management as at 31 December 2023. For over 50 years, it has been dedicated to helping its institutional, private wealth and retail clients achieve their long-term investment goals. As value investors, high-conviction ideas and a focus on capital preservation are the cornerstones of Beutel Goodman’s disciplined research process. For more information about Beutel Goodman and its actively managed portfolios, visit www.beutelgoodman.com.