We believe one of Fisher Investments’ primary competitive advantages is the stability of its portfolio management team. Our investment strategies are managed by the firm’s three-person Investment Policy Committee (IPC). Two of the three members of the IPC have worked together for over 20 years and the IPC has maintained its current configuration since 1996.

Our Research Department supports the IPC by using wide-ranging technology to oversee Fisher Investments performance data across individual portfolios. Fisher Investments performance data is monitored from a daily, weekly, monthly and quarterly basis, with individual positions in portfolios analyzed on an exception-reporting basis.

Fisher Investments performance data is also carefully scrutinized on a sub-asset allocation level. We regularly analyze sub-asset allocations for performance deviations among individual holdings, which may affect overall country and sector weights. Performance attribution is also conducted on Fisher Investments performance data, with daily reviews of broad security return assessments. On a weekly basis, model and representative portfolios are run through a thorough comparison to the appropriate benchmarks. Performance data is then analyzed to identify which countries, sectors, and currencies provided the greatest benefit and detriment on a relative basis. Fisher Investments performance data analysis also includes regular operating performance reviews of companies we hold interest.

Our IPC is alerted of any relevant variations in Fisher Investments’ performance data. This close supervision seeks to ensure individual securities work toward the broader portfolio themes’ stated objectives. Our analysis and careful attention with performance data helps to quickly discover benchmark risk or unintended consequences in portfolios.