Nebulae Canadian Small Cap
Offering international investors access to the specialist portfolio management necessary to realize meaningful long-term returns in Canadian small cap investing.
Opportunity
Invest with specialists who create efficiency in the inefficient Canadian small/mid cap equity market and make active management truly count for investors.
Many of Canada's smaller public companies are unfamiliar to investors and vary in investment quality, requiring proper due diligence from a specialist portfolio manager. As a result, the fund is often able to buy shares in successful Canadian companies at attractive prices well before the market recognizes their value.
Strategy
We blend fundamental research and quantitative analysis to identify the key factors that drive the outperformance of small and mid capitalization companies. A value overlay ensures the portfolio’s investments are reasonably valued on a market, sector, and historical basis. We carefully consider investments that may be undervalued due to a lack of sell-side analyst coverage, mistakes by management teams no longer in charge, or simply a misunderstood business model.
The result is a concentrated portfolio of 25 to 40 Canadian equities that represent well-priced companies with great management teams that are growing faster than the industry average.
The Nebulae advantage
Niche expertise: With over a decade of proven outperformance in small/mid cap equity investing, our portfolio managers excel at identifying undervalued securities with significant growth potential before the market recognizes their value.
Focused and independent insight: Our investment management group has a deep roster of experienced professionals that allows the portfolio managers to objectively view an investment's merits in making informed decisions. We choose to know a lot about niches like small/mid cap equities, rather than a little about everything.
Proven and repeatable methodology: Our portfolio management team ensures that we build portfolios which are more attractive than the market based on the key value and momentum metrics that have been proven historically to result in favourable investment outcomes.
Long-term focus: We focus on each investment's long-term prospects and not necessarily the next quarter's earnings. Short-term market turbulence is often viewed as an opportunity to profit from inefficient markets by selectively adding to positions in our favourite investments.
Publications
Financial Statement - Nebulae Small Cap - October 31, 2011 (590 KB)
Proxy Voting Record - Nebulae Canadian Small Cap June 2011 (20 KB)
