In 2004, Boston Partners formally “globalized” analyst research coverage of sectors and industries believing that the same time tested approach we use in the U.S. market would apply to a broad global universe of stocks.
The basis of this decision was our conviction that irrespective of where a company is headquartered, stock performance is driven by the same set of characteristics: attractive valuations, strong business fundamentals and a positive catalyst for change.
The effort also included a complete assessment of international accounting and reporting standard to ensure that our quantitative systems would show the same efficacy as they have in domestic markets. This also involved immersing our fundamental analysts in the analysis of foreign securities and globalizing the sector coverage outside of a purely domestic pool.
Two of the outputs of this effort are the Boston Partners Global Equity and the Boston Partners International Equity portfolios.
|Mutual Fund||Separate Account||Offshore (UCITS)|
* AUM ($ Millions) as of 12/30/2016
Our objective is to find the best combination of value and business fundamentals while taking a flexible approach to capitalization parameters and geographical focus, without specific regard to industry sectors, currencies, geographic regions or countries.
The investment process begins with quantitative scoring and screening of the investment universe to cull a target-rich subset that then undergoes intensive research by our analysts.
We cast our net wide, scoring thousands of stocks worldwide every week based on our criteria. After intensive fundamental research is undertaken and candidates are discussed by the firm’s investment professionals, final buy decisions are made by the portfolio manager.
The Three Circles
We buy stocks that exhibit:
- Attractive value characteristics,
- Strong business fundamentals, and,
- Catalyst for change
We sell stocks based on:
- Valuation: Appreciation to price target, or,
- Weakening business fundamentals, or,
- Reversal of catalyst