Action valeur ajoutée (AVA) is an independent portfolio management firm specializing in Canadian equities and has expertise that is based on sound fundamental analysis and understanding of global issues.
Founded
2000
Assets
Available upon request
Strategies
Value style with sector rotation
- Fundamental analysis & valuation of all TSX index securities identify pool of 40 to 60 value stocks
- Stock selection for portfolio reflects chosen sector weights & outlook
- Sector weights & outlook revised periodically with ongoing analysis of major global economies
Higher return than reference index with lower risk stats
Philosophy
- Risk assessment and management through joint analysis of securities, asset allocation model & outlook
- Investment decisions based on financial & economic analysis carried out internally
- Portfolio of 20 to 35 stocks, individual management with multiple accounts
Approach
- Low portfolio turnover 14%, active share 16%, top 10 holdings 51% of portfolio
- Fully invested cash 0.6%, dividend 3.2%, P/E 13, P/B 1.6, P/S 2.5, P/CF 9.1, ROE 14%, avg market cap C$ 32 billion
- Contribution to performance: 30% value style, 40% sector selection & 30% stock picking
Team
Dr Pierre-Alain Sauvé, president and portfolio manager
Marie Cloutier, B.Sc.A., vice-president and associate portfolio manager
President and Portfolio Manager
Dr Pierre-Alain Sauvé
[email protected]
224 avenue Metcalfe
Westmount (QC) H3Z 2H9
Telephone: 514 934 0445
Website: actionva.com
