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  • Our Capabilities

Public Equities

The TD Greystone public equities team constructs and maintains a concentrated portfolio of sustainably growing businesses, using a thoughtfully structured process to deliver long-term value for our clients. Using a proprietary blend of quantitative screening, fundamental business analysis and team-based portfolio decision-making, we believe a cohesive team that identifies companies with positive business momentum, high profitability and reasonable valuations can generate desired results for clients.


Learn More About Our Investment Strategies

We continually challenge ourselves to find catalysts for earnings growth that the consensus has missed, because we believe this will help deliver superior results for our clients.


Philosophy

  • Active asset management has the potential to deliver superior rates of return.
  • An asset’s ability to generate income creates value.
  • Diversification reduces risk and enhances returns.


Process

Our public equities team utilizes a bottom-up equity selection process using quantitative screening and fundamental qualitative analysis to create and manage a concentrated portfolio of companies with sustainable long-term earnings growth prospects not fully recognized in the market. The result is a focused portfolio of stocks that meets our criteria for long-term sustainable growth.

Inception: 1996

Portfolio Manager:
Himanshu Sharma, CFA, MBA

Fund Snapshots: 
Canadian Equity FundCanadian Equity Income & Growth Fund | Canadian Equity Small Cap Fund

As a cohesive team, we construct and maintain a concentrated portfolio of sustainably growing businesses, using a thoughtfully structured process to deliver long-term value to our clients.


Philosophy

  • Long-term Performance
  • Superior long-term earnings produce superior long-term performance.
  • Selecting Sustainable Companies
  • Selecting companies with sustainable long-term earnings growth prospects, not fully recognized in the market helps to capture this outperformance.
  • Concentrated Portfolios
  • Concentrated portfolios, suitably diversified, deliver the most impact.


Process

Our public equities team utilizes a bottom-up equity selection process using quantitative screening and fundamental qualitative analysis to create and manage a concentrated portfolio of companies with sustainable long-term earnings growth prospects not fully recognized in the market. The result is a focused portfolio of stocks that meets our criteria for long-term sustainable growth.

Inception: 1996

Portfolio Manager:
Grant A.M. Stahl, CFA

Fund Snapshots: 
U.S. Equity Fund | U.S. Income & Growth Fund

We believe a cohesive team that identifies companies with positive business momentum, high profitability and reasonable valuations can generate desired results for clients.


Philosophy

  • A company’s stock price reacts positively to growth in earnings and cash flow.
  • Indicators of sustainable earnings growth appear at the company level before they impact stock prices.
  • Concentrated portfolios, diversified across industries and geographic regions, deliver the most impact.


Process

Our rigorous bottom-up selection process seeks sustainable earnings growth characteristics and incorporates them into a concentrated portfolio of companies across international (i.e. non-Canadian and non-U.S.) industries and geographic regions. We use a three-step investment process that combines screening of companies for high impact growth characteristics; qualitative analysis of the top-ranking companies; and team decision-making for portfolio construction and risk management. Our concentrated portfolios have high impact growth characteristics that apply regional, sector and single stock risk controls to help ensure diversification. Our International Equity mandate holds 30-60 names, while our International Income & Growth mandate holds 20-30 names.

Inception: 2008

Portfolio Manager:
Jeff Tiefenbach, CFA

Fund Snapshots: 
International Equity Fund | International Income & Growth Fund

We believe a cohesive team that identifies companies with positive business momentum, high profitability and reasonable valuations can generate desired results for clients.


Philosophy

  • A company’s stock price reacts positively to growth in earnings and cash flow.
  • Indicators of sustainable earnings growth appear at the company level before they impact stock prices.
  • Concentrated portfolios, diversified across industries and geographic regions, deliver the most impact.


Process

Our rigorous bottom-up selection process seeks sustainable earnings growth characteristics and incorporates them into a concentrated portfolio of companies across industries and geographic regions. We use a three-step investment process that includes the construction of a global equity selection pool from securities held in our regional portfolios; screening and fundamental analysis to identify what we believe to be our “best stock ideas”; and lastly, team vetting and decision-making. Our concentrated portfolios have high impact growth characteristics that apply regional, sector and single stock risk controls to help ensure diversification. Our Global Equity mandate holds 50-80 names, while our Global Income & Growth mandate holds 45-55 names.

Inception: 2014

Portfolio Manager:
Jeff Tiefenbach, CFA

Fund Snapshots: 
Global Equity Fund | Global Income & Growth Fund

Through the China Income & Growth Fund, we look to add discipline in an often undisciplined market. The Fund, which seeks to enhance returns and control risks, provides investors direct investment in China’s A-share equity market through an actively managed and diversified portfolio of Chinese stocks.


Philosophy

  • Combining global discipline with local knowledge.
  • Selecting high quality growth companies.
  • Proactively managing risk.


Process

We utilize a bottom-up approach to the Chinese markets to build and manage a portfolio of quality companies with satisfactory dividend yields, sustainable profitability and long-term business growth, which will produce dividend growth into the future. We combine our international expertise with direct access to Chinese market intelligence to generate insights in the A-shares market. Our screening identifies stocks with high-impact characteristics, while our fundamental qualitative analysis of the resulting investment candidates enables us to select what we believe are the best ideas for future dividend growth. Our team-based decision-making process is applied and results in a 20-30 stock holding, equally-weighted portfolio of Chinese stocks generating attractive income and long-term capital appreciation potential for our clients.

Inception: 2015

Portfolio Manager:
Alfred Li, CFA, MBA, FRM

Fund Snapshots: 
China Income & Growth Fund

Looking for a Multi-Asset Class Solution? inquiries@greystone.ca

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