Brown Advisory has launched the BA Beutel Goodman World Value 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 $35.9bn 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 $1.35bn in assets.
The fund will follow the Beutel Goodman World Focus Equity Strategy’s 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: 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 suite of value investment strategies available through Brown Advisory, including the US Sustainable Value Fund and BA Beutel Goodman US 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 US 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).