Brown Advisory has rolled out the Article 8 BA Beutel Goodman World Value fund amid higher client demand for global value strategies.
The strategy, launched under the Brown Advisory Dublin Ucits umbrella, will be sub-advised by Toronto-based investment manager Beutel Goodman & Company. The firm currently manages $35.9bn (£28.3bn) of assets.
The fund aims to identify global companies trading at discounts to their business value to build a concentrated portfolio of 25-30 high-conviction holdings diversified across industries and geographies.
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It is the second sub-advised fund run for Brown Advisory by Beutel Goodman, after the pair launched a US Value fund in November 2020.
Logie Fitzwilliams (pictured), head of international business and global head of sales at Brown Advisory, said: “Brown Advisory’s long-standing partnership with Beutel Goodman is built on a shared philosophy of long-term, thoughtful investing rooted in high conviction and low turnover of stocks.
“The World Value fund is a natural complement to our Global Leaders fund. In response to their demand, we look forward to providing clients with this proven global value investment strategy.”
The strategy will be run by Beutel Goodman’s Ryan Fitzgerald and Stanley Wu, who have a combined 40 years of industry experience.
Ryan Fitzgerald, portfolio manager, said: “The World Value fund is compelling because it is expanding on a tried-and-tested, bottom-up investment approach to capture discounted businesses with strong fundamentals across the globe.
“Against the backdrop of an increasingly interesting macroeconomic environment, we believe that this strategy will enable us to uncover undervalued companies that others may overlook in the long term and support our aim of delivering attractive returns for our investors.”
