The objective of the fund is to achieve superior long-term results through investment in high quality companies outside of Canada and the US that offer the best relative value at an acceptable and prudent level of risk. The fund allows for some latitude around the benchmark to manage through a wide variety of economic environments.
To achieve the fund’s investment objective, the fund invests in companies that have superior management, industry leadership, a high level of profitability compared to their competitors, a sound financial position and strong earnings growth.
The fund is managed by Sprucegrove Investment Management Ltd. Note that the fund is only available through the Balanced fund or mandates where the Sprucegrove component is less than 50% of the assets.