International Small Cap Equity

Investment Objective

Our aim is to outperform the benchmark* over three to five year rolling periods.

*The benchmark for the strategy is either the S&P EPAC Small Cap Index or the MSCI EAFE Small Cap Index

Description

The strategy has a core investment style with a growth bias. The investment strategy uses a bottom-up, fundamental, research-based approach. The portfolio manager and analysts seek to identify those companies that have compelling business models, strong management teams, attractive valuation levels and favorable long-term growth prospects. The portfolio of approximately 125 to 175 stocks is diversified by region, country and type of company. It contains companies that typically exhibit solid return and growth characteristics, stronger than average balance sheets and cash flow attributes, and valuations broadly similar to or below those of the universe.