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The fund is the second strategy Brown Advisory has launched alongside Beutel Goodman, having launched the BA Beautel Goodman US Value fund in November 2020, which now has over $1.4bn in assets under management.
The Ireland-domiciled BA Beutel Goodman World Value fund aims to use bottom-up research to identify global companies trading at discounts to their business value to build a portfolio of 25-30 diversified holdings.
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The fund, which is classified as Article 8, is the second strategy Brown Advisory has launched alongside Beutel Goodman, having launched the BA Beautel Goodman US Value fund in November 2020, which now has over $1.4bn in assets under management.
The newly launched fund will follow a similar strategy as its predecessor, which the company said has outperformed its benchmark, the MSCI World Value Net index, 92% of the time on a rolling five-year basis net of fees.
The fund is co-managed by Beutel Goodman’s Ryan Fitzgerald and Stanley Wu, who have more than 40 years’ experience combined.
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Logie Fitzwilliams, 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.
“In response to their demand, we look forward to providing clients with this proven global value investment strategy.”
Fitzgerald added: “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.”