International Equities

Top Reasons for Choosing Addenda Capital to Manage your International Equities

• We offer a private-equity-like investment approach through high-quality public investments in EAFE countries with a low turnover of 15% per annum.
• We focus on proven sustainable themes with minimum annual top-line growth of 4-6%, which is key to providing long-term operating earnings growth above our hurdle rate of 10%.
• We assess each investment based on our internal operational risk/return ranking process translating into high conviction portfolios.
• We use a disciplined holistic approach, in place since the early 1990’s, which assesses each business model against our four investment criteria. 
• We have a consistent process striving to achieve compound added-value of 200-400 bps annually over the long term.

We believe that:

• Sustainable and repeatable earnings growth creates value for investors over time.

Addenda Capital’s International Equity investment approach is based on a three-step process:

• Extensive thematic research: Conducted to identify investable themes benefitting from drivers of consistent long term growth.
• Rigorous fundamental analysis: Aligning with those themes, we identify the best positioned regional or global leaders that demonstrate robust and sustainable competitive advantages, a strong history of innovation, proven management skills and a strong corporate citizenship culture (ESG) yielding operational leverage. 
•  Portfolio construction: Stock selection and portfolio weights results from each company’s operational risk/return proposition, determined by the quality of their long-term sustainable growth prospects, operational risk profile and valuation at a reasonable price.