Head Office: Montreal, Quebec
Total Assets Under Management: C$1.3 billion
Portfolio Managers: 6
Investment Style: Top-down relative value

Investment Philosophy and Approach:

Hexavest's investment philosophy can best be described as actively managing all drivers of performance (regional, country, sector, currency allocations and stock selection), to maximize the chances of success while minimizing the portfolio's risk. Many factors are taken into account when constructing client portfolios, resulting in broadly diversified portfolios with exposure to a large number of investment themes.

A great emphasis is placed on preserving client capital; therefore, at times a value bias is apparent.

Hexavest believes they possess a competitive edge in analyzing macroeconomic factors and in identifying excesses at the stock selection level. Therefore, their process is predominantly top-down.

The vast quantity of financial and economic data readily available makes it difficult for any individual or any team to objectively process all the information at hand. This is why, over the years, the Hexavest team has developed quantitative models aimed at supporting fundamental research.