Fisher Investments Australasia

Global ex-US Strategies

The Global ex-US strategies utilise a top-down investment process based on a broad analysis of economic, political and sentiment drivers to formulate forecasts and develop portfolio themes. Our Global ex-US strategies seek to exploit the structure of global markets and capitalise on country, sector and industry cycles as they come in and out of favour. In order to maximise the possibility of leveraging top-down themes and identify unintended risk concentrations in the security selection process, FI’s Investment Policy Committee applies risk management controls based on an analysis of prospective stocks to assess their correlations to various countries and sectors.

Global ex-US strategies* include:

  • FIIG Non-US Equity1 (benchmarked against the MSCI EAFE index)
  • FIIG Non-US Equity Focused2 (benchmarked against the MSCI ACWI ex-US index)
  • FIIG All Non-US Equity3 (benchmarked against the MSCI ACWI ex-US index)
  • FIIG All Non-US Equity Growth4 (benchmarked against the MSCI ACWI ex-US Growth index)
  • FIIG Emerging Markets Equity (benchmarked against the MSCI Emerging Markets index)

Strategy benefits include:

  • An innovative investment process accounting for country, sector and stock decisions
  • Excess return in a variety of market environments
  • A top-down process complementing a multi-manager structure, increasing diversification benefits

*Fisher Investments Australasia delegates portfolio management to its parent company, Fisher Investments.

Investment Process and Portfolio Engineering

The global ex-US Strategies seek to add value at the security level, but we believe traditional individual security research is most effective when used to complement higher-level portfolio themes. The strategies’ alpha is approximately evenly divided between country, sector and stock decisions.

  • Top-down process focuses on the most important determinants of portfolio return
  • Economic, political and sentiment drivers shape portfolio themes
  • Combination of quantitative and fundamental research
  • Security selection levered to themes
  • Disciplined portfolio management process
  • Active risk management

Investment Process

Global ex-US Strategies

To receive more information regarding our Global ex-US Equity strategies click here.

Disclosures

1“FIIG Non-US Equity” refers to the FIIG Foreign Equity strategy managed by Fisher Investments.
2“FIIG Non-US Equity Focused” refers to the FIIG Foreign Equity Focused strategy managed by Fisher Investments.
3“FIIG All Non-US Equity” refers to the FIIG All Foreign Equity strategy managed by Fisher Investments.
4“FIIG All Non-US Equity Growth” refers to the FIIG All Foreign Equity Growth strategy managed by Fisher Investments.