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Strategies / Global Equity

Global Equity Strategies

Our global equity strategies aim to deliver long-term capital growth by investing in high-quality companies worldwide, providing broad exposure to global economic opportunities and helping ensure a well-diversified portfolio.

Our Strategies

Foyston, Gordon & Payne Global Equity Strategies

Explore our diverse range of global equity investments tailored to meet various investment needs and objectives.

FGP U.S. Equity Fund

The FGP U.S. Equity Fund invests in a diversified mix of U.S. equity securities, employing a disciplined, bottom-up value-oriented approach to security selection.

EXPLORE FUND

FGP Private U.S. Equity Fund

The FGP Private U.S. Equity Fund invests in a diversified mix of U.S. equity securities and is oriented toward taxable individuals and organizations, with a focus on optimizing after-tax returns.

EXPLORE FUND

FGP U.S. Equity SMA

The FGP U.S. Equity SMA Strategy invests in a diversified mix of U.S. equity securities to generate an attractive total investment return through long-term capital growth as well as dividend and other income.

EXPLORE STRATEGY

FGP International Equity Fund

The FGP International Equity Fund invests in a diversified mix of non-North American equity securities, with a focus on optimizing after-tax returns for taxable individuals and organizations.

EXPLORE FUND

FGP International Equity SMA

The FGP International Equity SMA invests in a diversified mix of Depository Receipts of non-North American issuers, which trade on a recognized U.S. exchange.

EXPLORE STRATEGY

FGP Global Equity Fund

The FGP Global Equity Fund achieves long-term growth and income through a diversified portfolio of U.S. and international equities.

EXPLORE FUND

FGP Private Global Equity Fund

The FGP Private Global Equity Fund invests in a diversified mix of U.S. and international equity securities, with a focus on optimizing after-tax returns for taxable individuals and organizations.

EXPLORE FUND

FGP Global Smaller Companies Fund

The FGP Global Smaller Companies Fund primarily invests in a diversified mix of global equity securities within the small and mid-capitalization space.

EXPLORE FUND

FGP North American Equity SMA

The FGP North American Equity (Pension Eligibile) SMA Strategy invests primarily in a diversified mix of North American equity securities.

EXPLORE STRATEGY

FGP Total Equity SMA

The FGP Total Equity (Pension Eligible) SMA invests in a diversified mix of equity securities of Canadian, U.S., and non-North American issuers, employing a long-term, bottom-up value-oriented approach to security selection.

EXPLORE STRATEGY

Our Global Equity Investment Philosophy

We look to achieve superior investment returns through a disciplined, long-term, bottom-up, value-oriented approach based on detailed fundamental research and analysis.

Understanding Quality

Our quality assessment focuses on key business drivers and financial strength to ensure robust investment decisions.

  • We focus on key business drivers such as competitive advantage, pricing, cost structure, and growth, and we assess their predictability.
  • We evaluate business performance during economic downturns and subsequent changes to business models.
  • We analyze true free cash flow conversion and assess capital allocation history and balance sheet strength.
  • We look for a strong track record on governance and shareholder alignment.
Disciplined on Valuation

Our disciplined approach to valuation is geared towards investing when the risk/return profile is most favourable.

  • We seek companies that can grow faster than the market but are trading at lower valuations.
  • We assess all companies on a 10-year discounted cash flow basis using an 8% discount rate and zero terminal growth.
  • Our intrinsic value assessments are cross-checked against each company’s historical valuation and the broader market to confirm opportunities.
Investment Process
  1. Idea Generation
    Our idea generation process includes maintaining a portfolio list and a working list, attending meetings, and participating in conferences to identify potential investment opportunities.
  2. Company Analysis
    We conduct thorough company analysis, covering financial metrics, qualitative factors, and valuations, and we complete our Investment Grade Rating (IGR) assessment to ensure a rigorous examination.
  3. Portfolio Construction
    We construct portfolios through bottom-up stock selection that drives industry weights, focusing on creating concentrated portfolios with 30 to 50 companies.
Investment Grade Rating

Our rating system is a comprehensive framework that evaluates companies based on:

  • Business fundamentals
  • Growth over the past 10 years
  • Financial strength
  • Profitability
  • Corporate governance
  • Share liquidity

Insights

Stay informed with the latest strategy news, company updates, expert commentaries, and thought leadership from Foyston, Gordon & Payne.

Responsible Investing, Thought Leadership, Videos

November 01, 2022

ESG in the Beverage Industry

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Responsible Investing, Thought Leadership

July 29, 2022

ESG in the Beverage Industry – Heineken: A Case Study

In our latest Foyston for Thought thought leadership, Andrew Aucoin, Co-Portfolio Manager of our International Equity strategy, discusses the aggressive carbon emission reduction targets being set by companies...

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Strategy News, Videos

May 29, 2022

Global Equities in Volatile Times

In our latest Foyston for Thought video, Andrew Acuoin, Vice-President & Portfolio Manager – International Equities, talks about how our investment process aims to build resilient portfolios during periods...

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