Pie Funds new global strategy is paying off

Founder and Chief Investment Officer Mike Taylor says a number of years ago he realised the investment process for global shares needed to change following some disappointing performance.

It's not the first time the firms global equities strategy has changed. Originally it was a fund of funds approach and later moved to in-house management and now to a new strategy which has a strong quantitative focus underpinning it.

Taylor says getting it right was important, especially for the firm’s KiwiSaver products, as they have a large exposure to international equities.

Part of the problem was the universe of small cap stocks in the international equities is large at around 11,000 companies, compared to 400 in Australasia and it was difficult to identify investment opportunities.