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Global Leaders

We believe that investing in companies that are global leaders, as demonstrated by the persistence of high relative return on invested capital (ROIC), can deliver attractive outperformance over time.

 

Inside the Strategy

  • We invest in companies that the portfolio manager believes are leaders within their industry or country, as demonstrated by an ability to deliver high relative return on invested capital over time. We believe that high returns on capital typically can be attributable to, among other things, a strong competitive position and defensible barriers to entry.
  • We use a research-intensive approach to building a concentrated portfolio of typically 40 companies.
  • Our strategy benefits from an experienced portfolio manager with success investing globally and who shares a belief that low-turnover, concentrated portfolios derived from sound fundamental research can generate attractive outperformance.

Inception Date: May 1, 2015

Benchmark: Russell Global Large-Cap Net Index

Concentrated Portfolio: 30-40 holdings, minimum $2 billion market capitalization

Portfolio Managers: Mick Dillon, CFA and Bertie Thomson, CFA

Vehicle: Separately Managed Account, Mutual Fund, UCITS Fund

Publications

Manager Q&A
In this Q&A with the portfolio managers of the Global Leaders strategy, Mick and Bertie discuss great companies producing shareholder value by delivering a special outcome to their customers.

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Balancing Act | For Good Measure
In this article, Global Leaders portfolio managers Mick and Bertie discuss the dangers of oversimplifying valuation. They also explain why they focus squarely on a company’s business model as the ultimate measure of its intrinsic value.

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The information in this section of the website is for information purposes only and does not constitute a recommendation or investment advice to buy or sell securities.

Some Brown Advisory strategies may meet your needs and objectives more effectively than those referred to in this section of the website. For more information, please contact us directly. For more information on all U.S. strategies, please see the list of strategies on the right column of this page.

The contents of this section of the website have not been prepared for the benefit of investors outside the United States. They are not directed at any person or entity elsewhere, nor are they intended for distribution or to be used by any person or entity outside of the United States. In some countries, the distribution of information in this section of the website may be restricted: it is your responsibility to find out what those restrictions are and to observe them. Brown Advisory cannot be liable for a breach of such restrictions. Non-U.S. investors should consider their local regulations before considering investment.

 

Strategy Resources

 

Click here to see all Brown Advisory investment strategy documents.

 

Please read our composite disclosure and other important firm disclosures.

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U.S. Institutional Content Disclosure

 

 

By viewing the documents on this page, you confirm and accept that you are an institutional client and are acting on behalf of your client as their authorized advisor or are seeking information as a representative of an institution and that you have read and understood the terms on which the information is being provided.

The information in this section of the website is for information purposes only and does not constitute a recommendation or investment advice to buy or sell securities.

Some Brown Advisory strategies may meet your needs and objectives more effectively than those referred to in this section of the website. For more information, please contact us directly. For more information on all U.S. strategies, please see the list of strategies on the right column of this page.

The contents of this section of the website have not been prepared for the benefit of investors outside the United States. They are not directed at any person or entity elsewhere, nor are they intended for distribution or to be used by any person or entity outside of the United States. In some countries, the distribution of information in this section of the website may be restricted: it is your responsibility to find out what those restrictions are and to observe them. Brown Advisory cannot be liable for a breach of such restrictions. Non-U.S. investors should consider their local regulations before considering investment.

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