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Investment Philosophy
Jarislowsky Fraser’s primary goal is
growing
capital for its clients in a low risk manner. The firm’s philosophy is
founded upon conservative, time proven principles of fundamental investing. The
firm constructs diversified, high quality portfolios that are
designed to preserve the real purchasing power of its clients' funds with
minimal risk and to achieve long-term growth for its clients. This investment
approach has produced consistent returns through changing economic environments.
It has been particularly effective in minimizing the volatility prevalent in
today’s global markets. The firm's investment philosophy has not changed throughout the history
of the firm.
Jarislowsky Fraser employs a low risk
approach toward the management of both equities and fixed income investments.
Securities of companies that the firm believes to be speculative are avoided.
Investing in proven, well-managed, high quality companies which are financially
sound minimizes portfolio risk. This approach is reinforced through extensive
in-house equity and fixed income securities analysis. The firm believes high quality equities are the best source
of long-term growth for a portfolio, while bonds should provide income to meet current requirements.
Jarislowsky Fraser uses a number of
risk controls in order to reduce volatility and preserve capital over the long
term:
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Emphasis on long term trends
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Fundamentally based research |
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Focus on high quality stocks
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Portfolio diversification |
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Low portfolio turnover (reducing costs
and promoting tax efficiency for taxable investors)
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