MONTREAL, Feb. 1, 2017 /CNW Telbec/ - Pier 21 Asset Management Inc. is pleased to announce the launch of the Pier 21 Global Emerging Markets Pool, a low volatility Canadian-domiciled institutional investment fund, sub-advised by Northcape Capital Pty Ltd. of Australia.
The Pier 21 Global Emerging Markets Pool is a high conviction portfolio of no more than 40 of the highest quality stocks with exposure to Emerging Markets. It is based on a time-tested investment process that combines bottom-up fundamental research with a top-down market and sovereign risk analysis, and which has demonstrated substantial value-added since inception with low volatility and strong downside market protection in an asset class deemed more volatile.
The Pool is sub-advised by Northcape Capital Pty Ltd., an Australian equity boutique founded in 2005 and which has managed global emerging markets equities since 2008. Northcape has C$9.2 billion in assets under management firm-wide, with $1.2 billion invested in its Global Emerging Markets strategy. Since inception through December 31, 2016, the strategy has outperformed its benchmark by 7.3% per annum over 8.5 years, with a Beta of 0.7 and a Down Market Capture ratio of 62%.
"We are committed to broaden our pooled funds offer and to bring best-in-class foreign investment management expertise to Canadian institutional investors. The complementary nature of this new pool adds market strength to Pier 21's current product line offering, which now includes four proprietary pooled funds, all specialized in foreign equity investment, totalling over $700 million in combined assets" said David Star, President and CEO of Pier 21 Asset Management.
About Pier 21 Asset Management Inc.
Pier 21 Asset Management Inc. was founded in 2005, and is a Montreal-based asset management firm focused on providing quality international investment solutions to Canadian institutional investors, through the exclusive access to select foreign-based portfolio managers, otherwise unavailable in Canada. With over $4 billion in assets under management, Pier 21 is committed to remain Canada's gateway to global investment opportunities. Please visit us at www.pier21am.com.
SOURCE Pier 21 Asset Management Inc.
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For further information: David M. Star, President & CEO, Pier 21 Asset Management Inc., Tel: 514-397-4027, Email: [email protected]