ABOUT US EPOCH INSIGHTS INVESTMENT APPROACH STRATEGIES & RESULTS IN THE NEWS

Pensions & Investments: As equity drivers shift, allocations will need to change

Bill Priest was recently featured in Pensions & Investments highlighting the growing importance earnings and dividends will play as valuation multiple expansion becomes less of an explanatory variable in equity returns. Read Article >

Pensions & Investments: As equity drivers shift, allocations will need to change

Money Talk with Eric Sappenfield

In this one on one interview with Eric Sappenfield on Money Talk, Eric speaks to Kim Parlee about how the Global Equity Shareholder Yield strategy has been able to successfully navigate the slow macroeconomic recovery.

Money Talk with Eric Sappenfield

Epoch’s Capital Markets Outlook Webinar - October 9, 2014

Equity markets have illustrated the inconsistency of underlying economic data over the past few quarters.  This inconsistency had previously been masked by the effects of quantitative easing.  As QE comes to an end in the U.S., and ramps us elsewhere in the world, Bill and David will discuss the implications and provide a framework for positioning client portfolios in an environment of diverging QE Policy.

Epoch’s Capital Markets Outlook Webinar - October 9, 2014
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We are global equity investors with a distinct perspective on the long-term drivers of shareholder return.

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OUR INSIGHTS

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Advantage from Perspective

Long-term investment success demands a focus on essential truths that are not always obvious. We focus on investing in companies with the enduring elements that create value: free cash flow and managements committed to providing positive returns to shareholders. Like the companies in which we invest, we are committed to transparency. This includes sharing our global market perspectives and insights that help drive our investment decisions.

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OUR INVESTMENT PHILOSOPHY

Investors often view a company through the prism of accounting measures such as price-to-book value and price-to-earnings ratios. Epoch adopts a different approach. Earnings growth and dividends drive shareholder returns, and they come from a single source: cash flow. We focus on companies that are growing free cash flow and allocating it intelligently.

Reinvesting cash flows in internal projects or acquisitions is preferred when those actions will generate returns above the cost of capital. Otherwise, we believe company managements should return excess cash to shareholders through dividends, share buybacks or debt repayments -- collectively known as "shareholder yield."

Learn more >

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IN THE NEWS

Bloomberg Radio - David Pearl

David Pearl discusses the importance of focusing on free cash flow and the uses of cash in the context of the current market and macroeconomic environment.  Listen Here >

Money Talk - Bill Booth

Bill Booth speaks about global opportunities within Europe, Japan and the Emerging Markets. View Video >

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