Veteran international equity manager joins Beutel Goodman

Stanley Wu comes on board as this Neutral-rated fund grapples with a history of weak stock selection.

Jeffrey Bunce, CFA 6 December, 2016 | 6:00PM

 

 

Jeffrey Bunce: Beutel Goodman International Equity Fund has struggled, finishing close to the bottom of the International Equity Category over the past three and five years. Some of its troubles during this time have had to do with an out-of-favour investment style and currency headwinds, which should reverse course or even out over time. But more so, it's the fund's stock selection that has been challenged. And with Beutel's concentrated portfolio of between 25 and 35 names, where every position has an impact, these stock missteps have really hurt the overall record.

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About Author

Jeffrey Bunce, CFA

Jeffrey Bunce, CFA  Jeffrey Bunce, CFA, is a senior investment analyst for Morningstar’s Investment Management group.

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