Founded in 1976, Harris Associates has been focusing on value investing. Its investment process has been tested through multiple market cycles.
Where skill meets precision
Harris Associates has been investing in US value since 1976. Its long-term, patient approach allows the team to look beyond the short-term noise and wait for price and value to converge. Their investment philosophy focuses on the three tenets: (1) Buy businesses at a significant discount to their estimate of intrinsic value; (2) Invest in companies expected to grow per share value over time; (3) Invest with management teams that think and act as owners. They conduct rigorous fundamental research on companies across industries in search of undervalued, growing businesses with aligned management teams.
Long track record
Incepted since 2001
Value lens
Search for businesses at a significant discount to their estimate intrinsic value
Long-term growth
Invest in companies expected to grow per share value over time
Bottom-up
Concentered portfolio of 40 – 60 stocks
Award winning
Recognition from the industry*
Reasons to invest
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Past performance is not necessarily indicative of future performance.
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Source: Morningstar, Harris Associates. Past performance is not a guarantee of its future results. The performance indicated is based on the NAV (net asset value) of the share class, and is net of all charges applying to the fund but does not account for sale commissions, taxation or paying agent fees, and assumes that dividends if any are reinvested. Taking such fees or commissions into account would lower the returns. The performance of other share classes would be higher or lower based on the differences between the fees and the entry charges..
*
The portfolio management team
Anthony Coniaris, CFA®
Partner, Chairman, Portfolio Manager and U.S. Investment Analyst
Harris | Oakmark
Michael A. Nicolas, CFA®
Partner, Portfolio Manager, Investment Analyst
Harris | Oakmark
Robert F. Bierig
Partner, Portfolio Manager and U.S. Investment Analyst
Harris | Oakmark
The firm
Harris Associates, an affiliate of Natixis Investment Managers
Found in 1976 with asset under management US$104.3 billion, Harris Associates manages US, global, and international strategies. The firm employs an intensive, fundamental in-house research process to identify companies trading at a significant discount to managers' estimates of intrinsic business value. Harris Associates uses its experienced team, consistent and pervasive philosophy, repeatable and fundamental process, and long-term investment horizons as the foundation of steadfast conviction.
Source: Harris Associates, as of 31/12/2023.
Natixis Investment Managers
Ranked the top 20 global asset managers and 2nd European manager. With asset under management US$1.3 trillion, Natixis Investment Managers’ multi-affiliate approach connects clients to the independent thinking and focused expertise of more than 15 active managers. Natixis Investment Managers delivers a diverse range of solutions across asset classes, styles, and vehicles, including innovative environmental, social, and governance (ESG) strategies and products dedicated to advancing sustainable finance.
Source: Cerulli and Natixis Investment Managers, as of 31/12/2023.
Fund flyer
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Related insights
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Caution amidst a concentrated equity market and contentious elections
Although the US equity market is very expensive and its first-half performance very concentrated, it still offers opportunities for a value and conviction-based investor like Harris Associates, who is convinced of the value of its investment process and able to avoid the political uncertainties that can affect the markets.
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Magnificent 7’s dominance creates greater opportunities for value investors
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Why Harris Associates for value investing?
Daniel Nicholas, Client Portfolio Manager at Harris Associates, explains why Harris are true value investors.
* 2024 Asian Private Banker Asset Management Awards for Excellence were issued by Asian Private Banker, reflecting product performance, asset gathering, service quality and fund selector feedback as at 31 August 2023. For award’s details and methodology, please refer to https://asianprivatebanker.com/awards/assetmanagement-awards-for-excellence-2024.
^ Any reference to a ranking, a rating or an award provides no guarantee for future performance results and is not constant over time. LSEG Lipper Fund Awards Singapore 2024 is based on the performance of the Harris Associates U.S. Value Equity Fund - R/A (USD) over 3 years as at 31 December 2023. For the award’s details and methodology, please refer to https://www.lipperfundawards.com/methodology. From LSEG Lipper Fund Awards © 2024 LSEG. All rights reserved. Used under license.
This webpage is provided by Natixis Investment Managers Singapore Limited (Company Registration No. 199801044D). The Fund has been recognized under the Securities and Futures Act 2001 of Singapore, and Natixis Investment Managers Singapore Limited is appointed as its Singapore Representative and agent for service of process. Past performance of the Fund or managers, and any economic and market trends or forecast, are not necessarily indicative of the future or likely performance of the Fund or the manager. The value of investments and the income accruing, if any, may rise or fall and investors may lose the full amount invested. Investors investing in funds denominated in non-local currency should be aware of the risk of exchange fluctuations that may cause a loss of principal. Investments in the Fund involve risks, which are fully described in the Prospectus. The Fund may use derivatives for hedging and/or investment purposes. The net asset value of the Fund may be subject to volatility as a result of its investment policy and/or use of financial derivative instruments. Investors should consider the Fund’s investment objective, risks, charges, expenses and read the Prospectus and Product Highlights Sheet carefully and discuss with their financial adviser to determine if the investment is appropriate for them before investing. However, if an investor chooses not to seek advice from a financial adviser, he/she should consider whether the product is suitable for him/her. The Prospectus is available for collection from Natixis Investment Managers Singapore Limited at 5 Shenton Way, #22-05/06, UIC Building, Singapore 068808 or any appointed Singapore distributor.
This webpage is published for information and general circulation only and it does not constitute an offer to anyone or a solicitation by anyone to subscribe for shares of the Fund as it does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this webpage. Nothing in the webpage should be construed as advice or a recommendation to buy or sell shares. Natixis Investment Managers may decide to terminate its marketing arrangements for this fund in accordance with the relevant legislation. This webpage has not been reviewed by the Monetary Authority of Singapore.