May 30, 2013 - Public Employees Retirement Association of New ...
May 30, 2013 - Public Employees Retirement Association of New ...
May 30, 2013 - Public Employees Retirement Association of New ...
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Key summary points Dividend Plus<br />
Investment<br />
Thesis:<br />
Strategy<br />
Delivers:<br />
Approach:<br />
KBI<br />
Consistent performance<br />
Quality, cash rich<br />
companies with better<br />
We target more Dividend<br />
Yield and Dividend<br />
Outperformed b/m on a<br />
consistent basis<br />
Downside protection<br />
balance sheets.<br />
Growth.<br />
Unique strategy that<br />
Lower risk, lower<br />
Better value companies<br />
Segmented construction:<br />
blends well<br />
volatility<br />
Total Return approach,<br />
not just income<br />
High Active Share<br />
All Cap portfolio<br />
Broadest opportunity<br />
(seek opportunities<br />
where other don’t look)<br />
Systematic approach to<br />
buy low and sell high<br />
Experienced specialist<br />
team<br />
Managing this approach<br />
since 2003<br />
set<br />
* Based on PERA vs MSCI EAFE value index<br />
5
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