Fiera Capital U.S. Equity Q1 '19 Commentary

May 02, 2019 5:45 AM ETCME, UNH, USB, LIN, MMM, MCO, MSCI, MA, TJX, MTD
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FieraCapitalUS
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Summary

  • The Fiera US Equity strategy was up in absolute performance and outperformed the S&P 500 index over the quarter, on a gross basis.
  • Our relative outperformance was mainly driven by security selection, which was particularly successful in the Financials and Health Care sectors.
  • Among the top contributing stocks for the first quarter were Moody’s, MSCI, and Mastercard.
  • Among the leading detractors in the quarter were CME Group andUnitedHealth.

US Equity Strategy
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Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha editors.

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Fiera Capital offers thoughtful investment solutions for high net worth individuals and institutions across a spectrum of traditional, non-traditional, and bespoke investment strategies. Our mission is to provide our clients with the highest quality of customized service and performance through a culture of integrity, teamwork, excellence, and innovation. We believe our structure promotes excellence within our specialized investment teams by combining the flexible and efficient environment of a multi-style investment manager with the scale of resources offered by a leading investment firm. Investment teams operate independently while benefiting from advantages in risk management, research, and shared expertise.
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