Research Driven Investing

Veritas Asset Management was founded on the belief that
superior research leads to better investment decisions. 

Our approach to investing begins with more than 20 years of fundamental research experience. Veritas Asset Management was founded to capitalize on the successful fundamental research of our affiliate Veritas Investment Research (‘VIR’).  Throughout VIR’s 20+ years of producing independent research, it has proven that detailed, high-quality fundamental research produces better investment decisions.  Our goal is to provide our investors with consistent risk-adjusted returns that beat investment benchmarks over the short and long term.

Our portfolios offer concentrated, high conviction positions in companies identified through our research and due diligence work, applying a disciplined and systematic selection process.  Through our research, we identify opportunities to profit from mispriced securities, either by buying top-quality companies for long-term capital appreciation or through long-short hedging strategies.  While our portfolios are primarily focused on Canadian equities, our portfolio managers also consider opportunities beyond Canada.

Market Commentary - April

Staring Down a Bear

For the S&P 500, there have been 14 post-war corrections of 20% or more. Each bear market featured an average peak-to-trough decline of roughly 32% and an average duration of just under a year. In other words, if history is any guide, the downturn we have experienced over the first four months of 2022 is likely to mark the early innings of a larger repricing.

Please see our latest market commentary for a discussion on the likelihood of a bear market.

Our market commentary also contains links to our performance sheets, including which positions contributed the most to last month's performance (Canadian Equity Fund: Suncor and TransAlta; Absolute Return Fund (Carvana and Trupanion).

Read More