For each stock and bond investment style category, Johnston Investment Counsel seeks to identify investment managers that have the best likelihood of producing long-term value added investment performance.

In evaluating candidate firms, Johnston Investment Counsel conducts both a quantitative and qualitative evaluation. To Johnston Investment Counsel, there is no single factor that "must" be present -- instead, it is a combination of several different factors.

Here is a sample of our mutual fund stock analysis of Johnston Investment Counsel's manager research.

Johnston Investment Counsel evaluates a variety of quantitative factors in analyzing potential investment managers. These include

• Consistency of performance results during rolling 1-and 3-year periods versus style-based peer groups and indices.
• Historical risk taking and generating returns.
• Combinations of risk and return such as the sharp and information ratios.
• An examination of portfolio characteristics hopes Johnston Investment Counsel determine whether a manager is being "true" to their stated investment style.
• Operational characteristics such as fees, manager tenure, and asset size for each analyzed versus style-based peer groups.

Johnston Investment Counsel's qualitative analysis includes an evaluation of the manager's firm (ownership, legal, employee turnover, etc.) and investment process for the specific strategy being considered. Prior to recommending a manager, Johnston Investment Counsel must have a thorough understanding of how potential investment ideas are developed, what type of research is conducted, the portfolio construction process, and the factors used to sell a stock.

Learn more about Johnston Investment Counsel's manager selection process.

 

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