Separately Managed Accounts
Conservative Growth
Investment Objective
To manage against capital risk by reducing year-to-year volatility. A secondary objective is capital growth, when the Investment Manager believes valuation levels in the stock market are favorable and when the Investment Manager believes its specific strategies and pricing techniques can take advantage of market conditions.
Investment Team
The Core Team is responsible for evaluating bottom-up stock recommendations based on strategy fit and valuation measures as well as incorporating the firm’s market & economic views into total portfolio asset allocation decisions. The Fixed Income Group is responsible for the active management of the portfolio’s fixed income segment.
Composition
Generally weighted heavier in short and intermediate fixed income securities than in long-term fixed income or equities.
5% - 35% Equities
Investment Process
Active Asset Allocation
Manning & Napier employs an active asset allocation process because we recognize that no single asset mix is likely to be appropriate in all market environments. The firm's Investment Policy Group is responsible for formulating the firm's broad economic and market outlook and issuing guidance on asset allocation within multi-asset class portfolios. This top-down view is complemented by the Core Equities team's bottom-up stock selection which ultimately determines day-to-day equity exposures. An active approach to asset allocation allows us the flexibility to dynamically take advantage of opportunities that arise and adjust the portfolio to the ever-evolving economic environment. We have more than 50 years of experience managing risk through this active approach.
Equity Investment Process
Manning & Napier’s equity analysts search the global investment universe for portfolio candidates that meet criteria for our one of our three proprietary stock selection strategies - Strategic Profile, Hurdle Rate, and Bankable Deal. Companies are evaluated using fundamental analysis to determine strategy fit, and strict pricing disciplines are used to establish buy and sell targets based on fair market value. When an analyst recommends a stock to the Core Team for inclusion in the portfolio, that portfolio management group determines whether to accept the recommendation, put it on the “firedrill” list, or reject it. Each holding is continuously monitored based on our strategy fit and valuation criteria, and the portfolio's overall risk exposures are regularly evaluated by the team.
Fixed Income Investment Process
Our approach to fixed income investing is based on a multi-step process with an emphasis on actively managing risk. The team establishes an economic overview that is used to determine duration and yield curve positioning. Security-specific analysis is then conducted based on which sectors are deemed to be most attractive given current market conditions. Purchased securities are continuously monitored and additional purchases or sales are evaluated based on security selection criteria and relative value.
Investment Objective
To manage against capital risk by reducing year-to-year volatility. A secondary objective is capital growth, when the Investment Manager believes valuation levels in the stock market are favorable and when the Investment Manager believes its specific strategies and pricing techniques can take advantage of market conditions.
Investment Team
The Core Team is responsible for evaluating bottom-up stock recommendations based on strategy fit and valuation measures as well as incorporating the firm’s market & economic views into total portfolio asset allocation decisions. The Fixed Income Group is responsible for the active management of the portfolio’s fixed income segment.
Composition
Generally weighted heavier in short and intermediate fixed income securities than in long-term fixed income or equities.
5% - 35% Equities
Investment Process
Active Asset Allocation
Manning & Napier employs an active asset allocation process because we recognize that no single asset mix is likely to be appropriate in all market environments. The firm's Investment Policy Group is responsible for formulating the firm's broad economic and market outlook and issuing guidance on asset allocation within multi-asset class portfolios. This top-down view is complemented by the Core Equities team's bottom-up stock selection which ultimately determines day-to-day equity exposures. An active approach to asset allocation allows us the flexibility to dynamically take advantage of opportunities that arise and adjust the portfolio to the ever-evolving economic environment. We have more than 50 years of experience managing risk through this active approach.
Equity Investment Process
Manning & Napier’s equity analysts search the global investment universe for portfolio candidates that meet criteria for our one of our three proprietary stock selection strategies - Strategic Profile, Hurdle Rate, and Bankable Deal. Companies are evaluated using fundamental analysis to determine strategy fit, and strict pricing disciplines are used to establish buy and sell targets based on fair market value. When an analyst recommends a stock to the Core Team for inclusion in the portfolio, that portfolio management group determines whether to accept the recommendation, put it on the “firedrill” list, or reject it. Each holding is continuously monitored based on our strategy fit and valuation criteria, and the portfolio's overall risk exposures are regularly evaluated by the team.
Fixed Income Investment Process
Our approach to fixed income investing is based on a multi-step process with an emphasis on actively managing risk. The team establishes an economic overview that is used to determine duration and yield curve positioning. Security-specific analysis is then conducted based on which sectors are deemed to be most attractive given current market conditions. Purchased securities are continuously monitored and additional purchases or sales are evaluated based on security selection criteria and relative value.