Established Performance History
Fisher Investments' Investment Policy Committee has over 150 years of industry experience, and our founder, Executive Chairman and Co-Chief Investment Officer, Ken Fisher, has a more than 35-year public history of market calls.
Whilst no money manager gets it right all the time, including Fisher Investments, we believe the lessons learned from managing investments through many market cycles provide us with valuable insight and experience you may not get with other money managers.
Portfolio, Performance and You
Our approach starts with you. Fisher Investments Luxembourg takes the time to understand your unique needs, current financial situation and the goals you’d like to achieve with your money. With this in mind, we will recommend, where deemed suitable, an asset allocation strategy we feel best fits your particular situation. We’ll also include a recommendation for the discretionary investment management services of Fisher Investments, our US-based parent company.
Interested in which strategy we’d recommend for you? Want to discuss Fisher Investments’ performance history? Please contact Fisher Investments Luxembourg on +352 2 786 7320. A representative will be happy to provide more information about Fisher Investments’ performance history and discuss investment strategies for your personal goals.
Past Performance Isn't Everything
You will likely be interested in past performance when evaluating investments or a potential investment manager. However, we caution investors against considering only past performance. It may not tell the whole story.
“Past performance is no guarantee of future results.”
If you have ever looked at marketing materials for an adviser or a financial product, you have likely seen the disclosure above. Here’s what it means: An investment may have been up or down in the past. That past movement, however, doesn’t give you any hint as to what it will do in the future.
A Higher Standard
Performance figures can be deceptive. Many methods exist for calculating and presenting investment returns. However, it can be difficult for advisers to show average results for a “typical” client since their investors each have unique financial objectives, investment time horizons and comfort levels for risk.
Of course, it’s easy for advisers to present their winners after the results are in. But, yesterday’s winners won’t necessarily be winners tomorrow.
Our Measure
Fisher Investments calculates performance based on the Global Investment Performance Standards. GIPS®, as it’s commonly known, is a framework of rigorous measurement standards with some important features:
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Performance represents the majority of a firm’s client portfolios, not just a select few.
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Quoted performance numbers are from actual client portfolios—no hypothetical returns.
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Investors can compare firms that claim GIPS® ccompliance with each other on an “apples-to-apples” basis.
GIPS® is a registered trademark owned by CFA Institute.
CFA Institute does not endorse or promote this organisation, nor does it warrant the accuracy or quality of the content contained herein.
Performance Benchmarks Help You Understand Your Returns
We believe the cornerstone of any valid performance measurement is a benchmark. Benchmarks act as a basis for portfolio creation and a reference point for measuring performance.
Typically, the benchmark should be a broad, well-constructed index. Fisher Investments uses the MSCI World Index as the benchmark for most private clients’ equity portfolios. This index is designed to represent the performance of equities across 23 developed markets.
Why the MSCI World Index?
We believe this index is generally an appropriate equity benchmark for a number of reasons:
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It demonstrates our view that well-diversified portfolios should invest globally.
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It accurately reflects the global developed equity market’s composition.
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It is well-suited to help clients achieve their long-term financial goals.
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Its inception goes back to 1969, informing our analysis and allowing us to scrutinise historic trends.
Long-Term Performance Means Staying Disciplined
Achieving performance results is only part of an effective investment manager’s duty. They should also be a trusted coach. Someone who keeps you disciplined and helps you avoid mistakes you might make on your own. Investing is difficult. It can be emotional too, especially when market volatility strikes and your retirement savings are on the line.
Market performance will inevitably fall. When it does, fear may spur you to exit the market. You might even sell out at its lowest point and potentially miss the rebound. This can set you back substantially.
Similarly, when markets are rising, greed or the “fear of missing out” may unintentionally drive you to overconcentrate in outperforming sectors or pursue speculative investments (i.e., “chasing heat”). An investment manager should help you remember your financial goals and stick to your strategy. We believe that’s a key factor in achieving long-term performance results.
Questions?
If you have questions about Fisher Investments' performance, or the current performance of your investments, contact us to request an evaluation.
Fisher Investments Luxembourg can review your portfolio and discuss how our services may be able to help you reach your goals.