Fisher Investments Institutional Investment Strategy
US Total Return
Fisher Investments Institutional Group's US Total Return strategy
utilizes a top-down investment process based on applying capital markets technology to the
analysis of a wide range of economic, political, and sentiment drivers to formulate forecasts and
develop portfolio themes. The strategy attempts to capitalize on style and sector
cycles as they come into and out of favor to maximize Fisher Investments performance opportunities. In this effort, Fisher Investments seeks to increase portfolio performance by discovering unique sources of information and exploiting inefficiencies uncovered through unique analysis of widely available information. Fisher Investments realizes portfolio performance relies on the importance of continued analysis in order to remain ahead and has an in-house research team devoted to studying the daily movements of the global markets.
Our analysis shows approximately 1/3 of Fisher Investments’ US Total Return
performance can be attributed to each of the style and sector decisions. Fisher Investments US Total Return mandate is one of several investment strategies implemented by the firm to achieve a high level of performance in the markets. Fisher Investments
adheres to a strict application of portfolio management discipline, remaining
continuously cognizant of the composition of the relevant benchmark (e.g., S & P
500) and relative risks engineered into portfolios.
Additionally, the strategy seeks to add value at the security
level. Fisher Investments performance analysis shows that traditional individual security research
is most effective when used to complement higher-level portfolio themes and
characteristics rather than acting as the sole focus of the investment process.
Fisher Investments performance analysis is available for institutional strategies
since inception. Qualified investors can request performance data by contacting Fisher Investments Institutional Group at 1-800-851-8845.
All Fisher Investments performance analysis is compiled in compliance with the
Global Investment Performance Standards (GIPS®) and independently verified annually.
What makes us different: Overview of the Investment Process
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Top-down process focuses on the most important determinants of portfolio return
- Economic, political, and sentiment drivers shape portfolio themes
- Combination of quantitative and fundamental research
- Security selection levered to themes
- Active risk management
Fisher Investments performance attribution provides a framework for examining relative performance of the strategy versus its benchmark. Fisher Investments performance analysis shows the level at which sector and security selection affected performance.
The CFA institute established the Global Investment Performance Standards (GIPS) in 1999 as a set of standards for the presentation of investment performance data.
The GIPS standards were created to encourage ethical, global and industry-wide methods of communicating investment performance analysis to clients and prospective clients. All Fisher Investments' performance analysis is prepared in compliance with the GIPS standards. Visit http://www.gipsstandards.org for more information.