Fisher Investments Institutional Strategies

Fisher Investments strategies offer institutional investment management services with an array of options oriented toward specific styles. The firm has the unique ability to combine styles to meet specific needs of the client. Primary Fisher Investments strategies include:

Fisher Investments Global Strategy

Fisher Investments Institutional Group's global 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 exploit the structure of global markets and to capitalize on country and section/industry cycles as they come into and out of favor.

Fisher Investments believes approximately 1/3 of the strategy's performance is attributed to each of the country, sector, and security decisions. We adhere to a strict application of portfolio management discipline such that we remain continuously cognizant of the composition of the relevant benchmark (e.g., MSCI World Index) and the relative risks we engineer into portfolios against the benchmark.

Additionally, the strategy seeks to add value at the security level, but Fisher Investments believes 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 International Strategy

Fisher Investments Institutional Group's international equities 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 exploit the structure of foreign markets and to capitalize on country and sector/industry cycles as they come into and out of favor.

Fisher Investments believes that approximately 1/3 of the strategy's performance is attributed to each of the country, sector, and security decisions. The strategy adheres to a strict application of portfolio management discipline to remain continuously cognizant of the composition of the relevant benchmark (e.g., MSCI EAFE Index) and the relative risks engineered into portfolios.

Additionally, the strategy seeks to add value at the security level. Fisher Investments believes traditional individual security research is most effective when used to complement higher-level portfolio themes and characteristics rather than as the sole focus of the investment process.

Fisher Investments Emerging Markets Strategy

The Fisher Investments Institutional Group Emerging Markets investment process is based on a top-down approach to determine which countries and sectors are most likely to generate the highest expected returns. In this effort, we seek to discover unique sources of information and uncover inefficiencies through unique analysis of widely available information, which can serve as the foundation for generating excess return.

We believe the emerging markets universe of securities offers a unique opportunity set due to political, economic and capital infrastructures that differ from those in developed markets. The Fisher Investments Institutional Group Emerging Markets strategy utilizes a top-down investment process based on the analysis of economic, political, and sentiment factors that drive supply of and demand for securities, which we refer to as "drivers." The strategy attempts to capitalize upon the structure of emerging markets by using country and sector themes developed through the analysis of these drivers, then navigating the inherent risks therein by leveraging the firm’s experience investing in global markets. The strategy then seeks to add value at the security level through both traditional analyses of quantitative and fundamental factors and as a means to leverage higher-level portfolio themes. We anticipate one-third of the strategy’s performance will be attributed to each of the following decision groups: country, sector, and security.

Fisher Investments U.S. Strategy

The Fisher Investments Institutional Group U.S. 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.

We believe approximately 1/3 of the strategy’s performance will be attributable to each of the style, sector, and security decisions. We adhere to a strict application of portfolio management discipline such that we remain continuously cognizant of the composition of the relevant benchmark (e.g., S&P 500) and the relative risks we engineer into portfolios against the benchmark.

Additionally, the strategy seeks to add value at the security level, but we believe traditional individual security research is most effective when used to complement higher-level portfolio themes and characteristics rather than as the sole focus of the investment process.

Fisher Investments Domestic Value Strategies

The Fisher Investments Institutional Group domestic value strategies investment process is based on a bottom-up approach combining quantitative and fundamental techniques to discover securities most likely to generate the highest expected returns. The quantitative techniques we employ isolate companies with very low expectations and sufficient financial strength to compete. Additionally, we actively manage portfolio risk through procedural and mechanical controls and are continuously cognizant of the composition of the relevant benchmark (e.g., Russell 2000 Value, Russell Midcap Value, and Russell 2500 Value) and the relative risks we engineer into portfolios against the benchmark.

The Fisher Investments Institutional Group domestic value strategies utilize a bottom-up stock selection investment process supported by top-down themes. From time to time, we allow a particularly powerful top-down insight generated by our global research platform to translate into portfolio positions.

The Investment Policy Committee draws on its years of experience and insight into the small and mid cap universe to select those securities that they feel are most likely to realize undervalued attributes.