Epoch Investment Partners

Epoch Investment Partners Subscribe Contact Us ABOUT US EPOCH INSIGHTS INVESTMENT APPROACH STRATEGIES RESULTS IN THE NEWS Epoch Investment Partners Eric Sappenfield on Barrons Income Roundtable Portfolio Manager Eric Sappenfield participated in the Barron's Income Roundtable, discussing the market backdrop for dividend paying stocks and highlighted some companies that the Shareholder Yield strategy favors. Read the Article > Secular Stagnation: 2% is the new 4% for U.S. growth Over the last two years Lawrence Summers has been an energetic proponent of the secular stagnation thesis. In this paper, Global Investment Strategist Kevin Hebner joins co-CIOs Bill Priest and David Pearl to explore the underlying components of Mr. Summers' thesis and their investment implications. Read the Paper > The Capital Reinvestment Strategy Return on Invested Capital (ROIC) is a crucial metric in evaluating companies, yet investors pay more attention to growth in earnings, which can be misleading. Our latest whitepaper discusses the Capital Reinvestment Strategy which focuses on companies that use their free cash flow to reinvest and acquire, and in doing so have a persistently high level of ROIC well in excess of their weighted average cost of capital. Click to Read > We are global equity investors with a distinct perspective on the long-term drivers of shareholder return. OUR INSIGHTS Secular Stagnation: 2% is the new 4% for U.S. growth The Capital Reinvestment Strategy Brexit Vote: Potential game changer for the U.K. and Europe See All Insights > 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. 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 > IN THE NEWS Eric Sappenfield on Barrons Income Roundtable Portfolio Manager Eric Sappenfield participated in the Barron's Income Roundtable, discussing the market backdrop for dividend paying stocks and highlighted some companies that the Shareholder Yield strategy favors. Read the Article > See More > Bill Priest Appears on BNNs Money Talk Epoch CEO and Co-CIO Bill Priest was interviewed by Kim Parlee about global growth, Brexit and his newly released book Winning at Active Management, which was co-authored by Epoch portfolio managers Steve Bleiberg and Mike Welhoelter. PART I: Active vs. Passive Investing > PART II: The Ongoing Impact of Brexit > PART III: The New Reality for Mature Economies > See More > Subscribe to Email Alerts Stay up to date on Epoch's Insights, white papers and news. About Us People Quarterly Nesletter Form ADV Careers Epoch Insights White Papers Insights Webcasts Transcripts Video / Audio Investment Approach Investment Philosophy Investment Process Strategies Results U.S. Value U.S. All Cap Value U.S. Small Cap Value U.S. SMID Cap Value U.S. Choice U.S. Equity Shareholder Yield Global Equity Shareholder Yield Global Choice Global Absolute Return Non-U.S. Equity Non-U.S. Equity Shareholder Yield International Small Cap Global Small Cap In the News Epoch in the News The information contained on this website is distributed for informational purposes only and should not be considered investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. The information contained on this website is believed to be accurate as of the date submitted, and is subject to change. Any performance information referenced on this website represents past performance and is not indicative of future returns. Any projections, targets, or estimates on this website are forward looking statements and are based on Epochs research, analysis, and assumptions made by Epoch. There can be no assurances that such projections, targets, or estimates will occur and the actual results may be materially different. Other events were not taken into account in formulating such projections, targets, or estimates may occur and may significantly affect the returns or performance of any accounts and/or funds managed by Epoch. To the extent this website contains information about specific companies or securities including whether they are profitable or not, they are being provided as a means of illustrating our investment thesis. Epochs clients may or may not have owned these securities at the time this material was prepared or is accessed by the reader. References to specific companies or securities Epochs clients own or may have owned are not a complete list of securities selected for clients and not all securities selected for clients in the past year were profitable. Privacy Security | Terms of Use © 2016 Epoch Investment Partners, Inc.