Beliefs are Important to Our Success

Having a Strategic Investment Discipline is Key

• Capital markets have varying degrees of efficiency and are impacted by long-term themes and sector/industry trends.
• Investor behaviour affects capital markets and short-term asset prices; over the long term, asset values are driven by earnings.
• Managing risk is critical to achieving our objectives.
• Asset mix is the main determinant of portfolio risk and return; it is reasonable for investors to expect higher long-term returns for holding risky assets or asset classes.
• Successful investment managers capitalize on their competitive advantages.
• Foreign currency exposure provides important diversification benefits.

Environmental, Social, and Governance Matters Make a Difference

• Taking environmental, social, and governance (ESG) matters into account enables investors to better understand, manage and mitigate risks and take advantage of opportunities associated with long-term investments.
• Companies that employ robust ESG practices are better positioned to generate long-term value for investors than similar companies with less favourable practices.
• Improving the sustainability and integrity of global capital markets creates favourable economic conditions that benefit investors over the long term.

Skill Matters

• Skills are the foundation for successful long-term investment returns.

Integrity Counts

• Our continued success depends on using our best judgment and making ethical decisions that are aligned with our core values of integrity, accountability, team cohesiveness and transparency.