1 / 25

Adding value to core equity portfolios.

Adding value to core equity portfolios. April 2008 Terry Shaunessy and Mark Kryzan (403) 802-3108 www.shaunessy.com. Disclaimer. DISCLAIMER: Readers are hereby advised that material contained in newsletters, email

orsen
Télécharger la présentation

Adding value to core equity portfolios.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Adding value to coreequityportfolios. April 2008 Terry Shaunessy and Mark Kryzan (403) 802-3108 www.shaunessy.com

  2. Disclaimer DISCLAIMER: Readers are hereby advised that material contained in newsletters, email correspondence or the web site published by Shaunessy Investment Counsel Inc. should be used solely for informational purposes. Readers should conduct their own research and due diligence and seek professional advice prior to making any investment decision. Shaunessy Investment Counsel Inc. will not be held liable for any loss or damages arising directly or indirectly as a result of a reader’s reliance on information obtained from our newsletters, our web site or email correspondence. Our opinions and analyses are based on sources believed to be accurate and reliable and are written in good faith, but no representation or warranty, expressed or implied, is to be made as to their accuracy, currency or completeness. There are dangers to acting on the information provided as investment markets alter daily and developments may have rendered the information, analysis and opinions expressed by Shaunessy Investment Counsel Inc. on its web site or in newsletters and emails, obsolete. The information provided by Shaunessy Investment Counsel Inc. does not constitute a representation or a solicitation for the purchase or sale of securities or form part of an offer to provide investment management or advisory services NOTE REGARDING BACK-TESTED RESULTS: On occasion Shaunessy may include back tested and actual results and we have indicated where this occurs. These results can be easily reproduced and are generated by Advent portfolio management software, which, in the opinion of Advent, is deemed to be AIMR compliant. Future performance may differ from past results.

  3. What we provide: A single investment approach. The benefits are self-evident: • large cap focus • it is very methodical and transparent • provides steady market out-performance and compares favourably with other manager styles • facilitates exceptional service and accuracy

  4. Company Profile: • Established in 2000 • Company is independent, boutique • Global and domestic large cap equities and fixed income • Segregated portfolios • Complexity, conflicts of interest are non-issues • Registered with securities commissions (including SEC) • Investment Counsel/ Portfolio Manager • Exchange Contracts License

  5. Management Team

  6. Diverse mandates

  7. Investment Philosophy and Strategy.

  8. Why focus on large caps? What are the Heavyweights? Largest of the large caps. Top TSX stocks account for +70% of the Composite. Top US stocks account for ~ 50% of S&P 500. Heavyweights have a dispropor-tionate share of total returns. Heavyweights are part of every diver-sified portfolio. Cost and risk of picking off these stocks is un-warranted. Less efficient/ higher risk Returns are cost sensitive: need to minimize costs Most efficient Least risk

  9. Large cap model • Based onmathematics and modeling to: • create a portfolio that is a statistically valid sample of the target market • uses a weighting scheme that will lift performance and manage risk • transparent rules to eliminate error

  10. US Heavyweight Risk Managed Sample of holdings and weightings (Q3 2006)

  11. Versatility of the model

  12. Performance Results.

  13. Canadian Heavyweight5 Year Performance (n.b. no income trusts)

  14. Canadian Heavyweight (C$)Compound return against TSX Composite: +8.5%

  15. US Heavyweight5 Year Performance

  16. US Heavyweight (US$)Compound return against S&P 100: +23%

  17. International Heavyweight5 Year Performance

  18. International Heavyweight (US$)Compound return against MSCI EAFE: -1%Compound return against ADR Dev. Index: +9%

  19. Performance vs. Active Fund To December 31, 2007

  20. Global Balanced.

  21. Global Balanced Portfolio5 Year Actual Performance

  22. TotalPortfolio Tracker: A private client service.

  23. Total Portfolio Tracker • What is it? • A service offered by Shaunessy Investment Counsel to track the performance of diverse capital market investments on a consolidated or asset class, portfolio or manager basis. • What are the benefits? • High net-worth individuals with personal holdings, family estates and trusts often have multiple portfolios, advisors, mutual funds and other investments. Without the right tools, it is difficult to get an accurate and timely snapshot of the performance, risk, diversification and cash flow of all these investments or to engage in effective investment management. • How does Shaunessy do it? • As investment counselors we have acquired leading-edge portfolio management software (Advent) to track and generate accurate management information about our clients’ holdings. • What is Advent? • Advent Software Inc. of San Francisco, CA.. is an established portfolio management software provider and its products are widely used by institutional money managers, brokers, custodians and banks.

  24. Value Added: Summary.

  25. What do we offer?Simple yet smart

More Related