Investment management firm 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 offering aims to identify “quality global companies with stable, growing business fundamentals and strong balance sheets whose stocks trade at a discount to intrinsic value according to a disciplined, rules-based investment process”.
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.
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.
The fund is co-managed by Beutel Goodman’s Ryan Fitzgerald and Stanley Wu, both vice presidents in Beutel Goodman’s US and International Equities team. It will be sub-advised by Beutel Goodman & Company Ltd, a Toronto-based investment manager.
Fitzgerald commented: “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 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.”
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