Oakville, Ontario, January 11, 2008 - Bellwether, an independent investment management boutique specializing in North American core equities, celebrated their 2007 achievements with family and friends at the TWP "Founders" party last evening. The celebration was held at ARTTRAX, an exciting new art venue and warehouse located in Port Credit, Ontario www.arttrax.ca.
John Wood, Chairman of Bellwether welcomed everyone to the "Founders" party and thanked them for their input and support in helping Bellwether to achieve a strong investment foundation and fund growth in 2007. "When we started Bellwether 2-1/2 years ago we knew there had to be a better way to manage funds than was being provided. Through the input and support of all our family and friends we were able to put together a team and investment process that has produced the results our investors expect. On behalf of Bellwether, we want to thank all of you, and we look forward to continuing to deliver the results you deserve from your investment management company"
Mr Wood earlier announced the full year fund results which brought a smile to investors' faces in attendance at the celebration. "Clearly the developed quantitative processes, combined with our own experience, have resulted in our investors having a tremendous year".
John went on to say; “When we first approached developing our business model it was with the intent of providing investments that were “in sync” with the market. In other words, let’s avoid getting hung up on what is or isn’t making up the market and just buy good solid investments that produce good returns in the near term. And let’s avoid the traditional investment trappings of having to tell our investors it may take a few years for the value to be reflected in their portfolio. We expect to provide our clients with high quality products at a reasonable price – and the past year is a reflection on our dedication to that goal.”
4th Qtr. |
1st Qtr. |
2nd Qtr. |
3rd Qtr. |
4th Qtr. 2007 |
YTD |
Since |
|
Cdn Stock |
18.6% |
6.2% |
6.0% |
4.1% |
-0.2% |
17.0% |
38.8% |
S&P/TSX TR Index |
10.4% |
2.6% |
6.3% |
2.0% |
-1.3% |
9.8% |
21.3% |
Value Added |
8.2% |
3.6% |
(0.3%) |
2.1% |
1.1% |
7.2% |
17.5% |
|
|
|
|
|
|
|
|
Cdn Performance |
26.2% |
11.0% |
10.4% |
7.3% |
2.3% |
34.5% |
69.8% |
S&P/TSX TR Index |
10.4% |
2.6% |
6.3% |
2.0% |
-1.3% |
9.8% |
21.3% |
Value Added |
15.8% |
8.4% |
4.1% |
5.3% |
4.6% |
24.7% |
48.5% |
|
|
|
|
|
|
|
|
Cdn Sm Co Growth |
17.5% |
6.0% |
7.1% |
1.8% |
-1.9% |
13.4% |
33.3% |
BMO Sm Cap Index |
9.0% |
6.0% |
6.4% |
-5.8% |
-4.0% |
2.0% |
10.8% |
Value Added |
8.5% |
0.0% |
0.7% |
7.6% |
2.1% |
11.4% |
22.5% |
|
|
|
|
|
|
|
|
US Stock Fund ($Cdn) |
n/a |
5.6% |
2.2% |
-8.1% |
-0.9% |
-1.8% |
n/a |
SP500 ($Cdn) |
|
-0.4% |
-2.0% |
-4.4% |
-4.1% |
-10.1% |
|
Value Added |
|
6.0% |
4.1% |
-3.7% |
3.2% |
8.3% |
|
|
|
|
|
|
|
|
|
Global Value ($Cdn) |
14.6% |
0.8% |
-0.6% |
-8.3% |
-10.2% |
-17.4% |
-5.4% |
MSCI World Ind ($Cdn) |
13.3% |
1.5% |
-1.6% |
-4.0% |
-3.1% |
-7.1% |
5.3% |
Value Added |
1.2% |
-0.7% |
1.0% |
-4.3% |
-7.1% |
-10.3% |
-10.7% |
Note:
- The inception date of the US Stock portfolio was January 1, 2007
- The inception date of the Global Value Fund was July 1, 2006. From July 1, 2006 to December 31, 2007 the performance of the Global Value Fund was -0.34% versus the MSCI World Index return of 6.72%
While the last quarter of 2007 turned out to be extremely challenging, overall it was an enormously rewarding year for TWP and its investors. A number of key milestones that TWP achieved in 2007 included;
- Delivering above average returns relative to benchmark indices for all the TWP North American stock funds
- Launching the TWP U.S. Stock Fund based on the successful TWP Canadian stock funds "Disciplined Growth" investment strategy and process
- Strengthening the distribution team with the joining of Lily Van as VP Sales
- Expanding distribution to the high-net-worth market through broker/dealer distribution channels
- Establishing a Foundation Management initiative based on the successful track record of the Canadian Olympic Committee (COC) investment model.
Looking ahead to 2008, TWP will continue its primary goal of targeting superior returns relative to benchmark indices, along with accelerating an institutional strategy and establishing a Foundation Balance Fund.
For More Information Contact:
John Wood
Chairman
(905) 337-2227 ext. 203
Email John
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