Canadian partnership launches new global equity growth portfolio

New fund for advisors and retail investors concentrates on best stock ideas from around the world

A new fund has been launched targeting advisors and retail investors made up of some of the best stock ideas from around the world.
That’s because Bridgehouse Asset Managers has expanded its partnership with Canadian institutional investment manager Greystone Managed Investments to launch the Greystone Global Equity Fund.

The fund, which is available in a currency hedged or unhedged series concentrates on 40-80 of Greystone’s best stock ideas from around the world.

“Investors want an all-weather growth investment that remains more consistent in both rising and falling market environments,” said Carol Lynde, president and chief operating officer of Bridgehouse. “Greystone is well-respected in the institutional world for their risk consciousness and demonstrated ability to perform consistently.”

Greystone senior vice-president of international equities Jeff Tiefenbach is excited by the fund’s launch.

“Our goal for the Greystone Global Equity Fund is to outperform the market over three-five years with a more consistent pattern of returns compared to other growth-style options,” he said. “To do that, we seek out companies that have demonstrated superior earnings growth, positive business momentum and sustainable profitability while ensuring that we do not overpay for these growth characteristics.”

The Greystone Global Equity Pooled Fund ranked number one in Canada, having the best four-year average annual return for the period ending 31 December 2015 among funds included in the Mercer LLC Pooled Fund Survey for Canadian Institutional Investors.