Greystone makes active stock picks, avoids big country bets

Global scoring system "doesn't chase growth," manager says.

Diana Cawfield 6 October, 2016 | 5:00PM

Many country weightings in Greystone Global Equity look rather similar to the MSCI World index, and lead manager Jeff Tiefenbach acknowledges that the fund's active decisions in regional and country weightings "are fairly immaterial at this point."

But that's where the similarities end. Though the fund is well diversified geographically, the stock-selection discipline of Regina-based Greystone Managed Investments Inc. is very much active. Available to retail investors through Bridgehouse Asset Managers, Greystone's global mandate is designed to be a "best-ideas" portfolio of stocks from North American and international markets.

Greystone is one of Canada's largest institutional managers, with $31.6 billion in assets under management. Its global equity universe consists of an estimated 5,700 stocks that have market capitalizations greater than US$500 million. However, the fund's portfolio is mostly large-cap, with some mid-caps, and the managers generally avoid small-cap companies.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
ANTA Sports Products Ltd ADR240.50 USD-5.05
JPMorgan Chase & Co96.27 USD5.47
Microsoft Corp213.67 USD-0.30

About Author

Diana Cawfield

Diana Cawfield  Diana Cawfield is an award-winning writer who has been a regular Morningstar contributor since 2000. Her numerous publication credits include the Toronto StarAdvisor's Edge and Chatelaine, as well as the Canadian Securities Institute's online educational services.

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