Philosophy
Sceptre uses a core approach with no pre-determined growth or value bias. We describe the style as ownership of quality companies at valuation levels that compare favourably world-wide. Sceptre’s analysis and portfolio strategy concentrates on the longer-term to increase the probability of purchasing undervalued companies.
Canadian Equity
In Canadian equities, we place emphasis on security selection, with some industry rotation. Commitments between industries are made depending on relative valuation and equity market cycles. Sceptre selects high-quality companies if they represent good value based on their financial strength, strong management, and superior product or services.
Foreign Equity
Effective January 1, 2005 AllianceBernstein Institutional Investment Management assumed the sub-advisory management role for the Foreign equity component of the Fund.
AllianceBernstein is a global leader in institutional investment management and research, bringing together more than three decades of Alliance Capital Management's expertise in growth investing and Sandford C. Bernstein's excellence in value management.
The combined company employs more than 200 buy-side analysts, one of the largest research commitments in the industry, with dedicated teams for both growth and value equities.
The investment management style is best described as a Global Style Blend which is an active core equity portfolio that holds approximately 250 - 275 stocks and is designed to take advantage of the strengths of the Alliance growth equity team and the Bernstein value team. It aims to deliver significant premium with consistency by combining a deep value conviction with a growth component.
