Multi-
Dimensional
Investors building differentiated portfolios require a flexible multi-asset approach that is diversified across asset classes, sectors, geographies, and securities to navigate a challenging environment. We apply a tactical approach, aligning bottom-up fundamental security selection with global top-down asset allocation views seeking to generate tactical alpha for clients.
Income
Oriented
Income investors require a greater degree of flexibility to invest across bond sectors, equity income securities and hybrids in order to find opportunities throughout changing market conditions. We apply a tactical approach, aligning bottom-up fundamental security selection with top-down asset allocation views seeking to generate a consistent level of income while managing downside risks.
Risk-
Managed
Our multi-asset suite offers well-defined risk allocations and benchmarks to help align with your objectives. We place a high degree of emphasis on being tactical investors, not only to be opportunistic, taking advantage of a changing market, but more importantly to manage downside risk in challenging market environments.
Investment Approach
Aligning Security Selection with Top-Down Macro Views
We apply both bottom-up and top-down considerations as part of our process utilizing both fundamental and quantitative tools to evaluate macro, micro and technical conditions across a wide range of asset classes.
Our continuum of multi-asset solutions maintains defined strategic allocations, a high degree of emphasis on being tactical and a discipline geared toward downside risk management.
Portfolio Optimization Fund Lineup
Furtrongroup Investment offers five Portfolio Optimization Funds, allowing investors to match their desired return and risk tolerance to the appropriate strategy. Each fund follows the rigorous process described to invest across a diversified blend of global equity and fixed-income asset classes as appropriate for the current market regime and its target risk level. To see each fund's current allocations, please refer to its respective fact sheet.
INVESTMENT PHILOSOPHY
A Philosophy of Disciplined Diversification
Diversification is critical regardless of investors' financial objectives, whether they're nearing retirement or just embarking on a career. Although diversification or investing in uncorrelated asset classes that perform differently across market environments, does not ensure a profit or protect against losses, it can help minimize the effects of volatility without sacrificing the potential for returns.
Our investment philosophy builds upon the foundation of diversification with three principles that ensure disciplined stewardship of investor assets.
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We maintain a long-term focus that allows us to avoid reactionary responses to short-term spikes in volatility.
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We follow facts not feelings and base our investment decisions on thorough analysis of objective data through both quantitative and fundamental processes.
As our views are generally based on long-term trends rather than tactical trade ideas, we make adjustments gradually to avoid the pitfalls of market timing.
A Balanced and Integrated Process for Consistent Results
Mintorn Investment Services' philosophy is put into practice by three integrated teams that seek to balance consistent risk-adjusted performance with downside protection.
Asset Allocation
The Asset Allocation team formulates investment views across the funds which are developed through a combination of fundamental and quantitative research. Mintorn Investment Services' top-down fundamental research delves into macro-economic, geopolitical, and asset-class specific topics. Furtrongroup Investment Investment Services' quantitative research leverages cutting-edge techniques like machine learning to forecast inflection points in economic cycles, monitor sentiment, and ascertain the relative attractiveness of global regions.
Investment Research
The Investment Research team seeks to increase the Funds’ alpha by selecting asset managers through a “Four P” evaluation: People, Philosophy, Process, and Performance. To determine which managers performed well while considering their unique investment style, the team runs each manager through a quantitative model that measures its style betas and breaks out the true, or net of factor, alpha. We have found that determining net-of-factor alpha is a key metric in forecasting the consistency of a manager’s outperformance.
Investment Risk Management
The Investment Risk Management team provides an independent assessment of the funds. Specifically, the team seeks to ensure the funds are taking appropriate levels of risk for their investment objectives and all risk exposures are intentional. This is achieved through continual analysis of portfolio management, portfolio construction, and security-level risk monitoring.
About Principal Risks
Asset allocation and diversification do not guarantee future results, ensure a profit or protect against loss. Although diversification among asset classes can help reduce volatility over the long term, this assumes that asset classes do not move in tandem and that positive returns in one or more asset classes will help offset negative returns in other asset classes.
There is a risk that you could achieve better returns by investing in an individual fund or multiple funds representing a single asset class rather than using asset allocation. A fund-of-funds does not guarantee gains, may incur losses and/or experience volatility, particularly during periods of broad market declines, and is subject to its own expenses along with the expenses of the underlying funds. It is typically exposed to the same risks as the underlying funds in which it invests in proportion to their allocations.