Fisher Investments Australasia

US Small and Mid Cap Strategies

The US Small and Mid Cap strategies are based on a combined bottom-up and top-down approach to discover securities most likely to generate the highest expected returns.

US Small and Mid Cap strategies* include:

  • FIIG US Small Cap Value (benchmarked against the Russell 2000 Value index)
  • FIIG US Small and Mid Cap Value (benchmarked against the Russell 2500 Value index)
  • FIIG US Mid Cap Value (benchmarked against the Russell Mid Cap Value index)

Strategy benefits include:

  • Complete investment process
  • Bottom-up and top-down influences utilised in portfolio construction
  • Consistent, repeatable process
  • High conviction and low turnover
  • Long performance histories
  • Excess return in a variety of market environments

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

 

Investment Process and Portfolio Engineering

The US Small and Mid Cap strategies utilise a three step investment process seeking to identify strategic attributes (i.e. competitive and comparative advantages) in companies undervalued by the marketplace.

  • Define starting universe through a proprietary Rank 4 screen and capitalisation screen to identify a potential list of securities falling within the desired style box universe
  • Assess relative attractiveness of sectors, industry and thematic preferences within the universe based on macroeconomic themes (economic, political and sentiment). This process includes a quantitative screening to remove any securities with insufficient liquidity or solvency
  • Rigorous fundamental analysis of companies passing the quantitative screens is then used to determine the securities most likely to benefit from the macroeconomic themes assigned during the top down analysis

 

Investment Process

US Equity Strategies

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

US All Cap

The US All Cap strategy utilises a top-down investment process based on a broad analysis of economic, political and sentiment drivers to formulate forecasts and develop portfolio themes. Our US All Cap strategy attempts to capitalise on style and sector cycles as they come in and out of favour.

US All Cap strategy:

  • FIIG US Equity1 (benchmarked against the S&P 500 index)

The benefits of this top-down equity strategy include:

  • Excess return in a variety of market environments
  • A top-down process maximising diversification benefits
  • A broad mandate increasing opportunity set and the probability of beating the benchmark

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

 

Investment Process and Portfolio Engineering

The US All Cap strategy attempts to add value via style and sector decisions as they come into and out of favour. Additionally, the strategy seeks 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, rather than as the sole focus of the investment process.

  • Top-down process focuses on the most important determinants of portfolio return
  • Economic, political and sentiment drivers shape portfolio themes
  • Security selection levered to themes

Investment Process

US Equity Strategies

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

1“FIIG US Equity” refers to the FIIG US Total Return strategy managed by Fisher Investments.