Our internal research department is comprised of investment professionals dedicated to aiding the Investment Policy Committee with Fisher Investments’ portfolio management. The department is organized into teams with unique responsibilities, including analyzing macroeconomic trends, monitoring every investment sector and major country around the world, evaluating individual securities, calculating performance attribution, and implementing the IPC's portfolio decisions. Members of our research department present at seminars nationwide, teach workshops and university courses, and write columns, articles, and books on investing.
The above illustration provides insight into our unique research structure. View Larger
All of the firm's strategies leverage our global research platform. We focus on macroeconomic themes in order to analyze a wide range of economic, political and sentiment drivers to formulate forecasts and develop portfolio themes. All of our strategies leverage proven core competencies and utilize the same macroeconomic outlook and resources to support the particular strategy. Our Research Analysts, located in our Woodside, CA and Camas, WA offices, are responsible for monitoring the economic, political and sentiment drivers supporting our top-down process and for communicating these findings to the Investment Policy Committee daily and as changes arise. In addition, Research Analysts conduct fundamental securities analysis to complete the security selection process.
All of Fisher Investments' Research Analysts are generalists and therefore devote efforts to all of the firm's strategies. Analysts are key members of the three teams that make up the Research department: Capital Markets Research, Securities Research, and Capital Markets Innovation.
The Capital Markets Research Team is responsible for gathering information used in the analysis of a wide range of economic, political, and sentiment drivers. The IPC uses this research to formulate forecasts and develop portfolio themes. The team’s objective is to assist the IPC in determining country, sector and style forecasts using relevant information generated from the drivers to determine over/under weight allocations relative to a strategy’s given benchmark. Country and sector-specific coverage is rotated among the analysts at the discretion of management.
The Securities Research Team is responsible for the initial analysis and ongoing monitoring of all securities held in the firm's portfolios. Each analyst is assigned securities that fall within specific sectors. They are then responsible for providing the IPC with updates as market conditions dictate or at least once per quarter. Sector coverage is rotated among the analysts at the discretion of management.
The Capital Markets Innovation Team conducts risk management functions allowing for internal oversight throughout the investment management process. These teams monitor various risk factors and regularly provide detailed reporting to the IPC who ultimately may decide to adjust the portfolio in order to maintain a favorable risk profile.
Founded in 1979, Fisher Investments is an independent, fee-only investment adviser with $107 billion under management.* Fisher Investments maintains four principal business units, Fisher Investments Institutional Group, Fisher Investments Private Client Group, Fisher Investments 401(k) Solutions Group and Fisher Investments International Group, which serve a global client base of diverse investors. The clients of Fisher Investments and its affiliates include over 175 large institutions and over 55,000 high net worth individuals. Founder and Executive Chairman Ken Fisher’s “Portfolio Strategy” column for Forbes ran from 1984 through 2016, making him the longest continually running columnist in the magazine’s 90+ year history. He has also authored several New York Times bestsellers on finance and investing. (*As of 03/31/2019. Includes Fisher Investments and its subsidiaries.)