How Our Flexible Investment Approach Benefits Clients

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How Our Flexible Investment Approach Benefits Clients

FISHER INVESTMENTS AUSTRALIA®

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Bill Glaser: Fundamentally, we don't believe that any one category or style of the market is inherently better than another. So what we look to do is rotate the portfolio and invest in categories that we believe on a forward looking basis will do best.

Bill Glaser continues discussing our investment approach

Bill Glaser (continued): And a lot of that is predicated to our belief on where we're at in the market cycle. So we look to utilize that flexibility, but also do so on a global basis, looking for global opportunities.

The process is also top down in nature in the sense that unlike many managers in the industry, which tend to be more bottom up oriented, they tend to be the stock pickers. They're trying to find that best stock out there, the best performing stock. That’s not what we're doing at Fisher Investments. And in fact, at Fisher Investments, we're not trying to find that needle in the haystack--we’re trying to find the haystacks with the most needles. And we feel like if we can do that, and we can identify the categories of the market that we think will do best, well that goes a long way in maximizing the likelihood that we then get our stock selection part of the process correct.

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FISHER INVESTMENTS AUSTRALIA®

Fisher Investments Australia® is a trademark of Fisher Investments Australasia Pty Ltd (ABN 86 159 670 667, AFSL 433312), which provides services to wholesale clients only and outsources portfolio management to its parent company, Fisher Asset Management, LLC (AR 001292046), which does business in the United States as Fisher Investments. Investing in equities and other financial products involves the risk of loss. Past performance is not indicative of future performance. This document constitutes the general views of Fisher Investments Australia as of the date of this document. These views do not take into account individual financial situations, needs or objectives and should not be regarded as personal investment advice. No assurances are made we will continue to hold these views, which may change at any time based on new information, analysis or reconsideration. In addition, no assurances are made regarding the accuracy of any forecast or other forward looking statement made herein.

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FISHER INVESTMENTS AUSTRALIA®

Forecasts are based on current expectations and beliefs involving risks, uncertainties, assumptions, and judgments that are difficult to accurately predict and may prove inaccurate. Forecasts and any past performance information are not an indicator of future performance and should not be relied upon. Actual outcomes may be materially different. There can be no assurances that investment returns from a particular strategy or allocation will exceed returns from another strategy or allocation. Any commentary regarding strategy or performance reflects our Global Total Return strategy that is benchmarked to the MSCI World Index. Given different objectives and circumstances, clients may have different benchmarks and client accounts may not contain all elements of any strategy discussed here. Individual financial products, including fixed interest products and derivatives, and investing in different markets, carry unique risks. Any references to a particular tax treatment depends on the individual circumstances of each client and may be subject to change in the future.

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