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.

Veritas Canadian Equity Fund & Veritas Absolute Return Fund

Market Commentary - July 2022

Half Full Glasses

Since the end of June, global equity flows have been negative and F23 earnings estimates for the S&P 500 are down 7%, yet the index has rallied.  We chalk the move up to two things:  lower discount rates and higher risk tolerance, at least on the part of some investors.  Meanwhile, Treasury and bond markets are signalling risk-off.

Certainly, staying invested allows investors to participate in the current rally, however long it holds up.  We nevertheless advise doing some work now to de-risk portfolios in preparation for tighter monetary conditions and the earnings headwinds ahead.

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Veritas Next Edge Premium Yield Fund

Monthly Commentary - August 2022

The Veritas Next Edge Premium Yield Fund's long positions in Bombardier Inc. (TSX: BBD.b) and Enerplus Corp. (TSX: ERF) were the largest contributors to the fund's performance in August. The fund aims to buy the best companies in sectors where we identify positive investment catalysts. We evaluate each company's ability to navigate good and bad economic environments, looking at the sustainability of cash flows; balance sheet strength; financial reporting transparency and governance.

Next Edge Capital Corp. launched the Veritas Next Edge Premium Yield Fund in June 2022. As sub-advisor, Veritas Asset Management Inc. the award-winning, independent, and in-depth research of Veritas Investment Research Corporation to formulate a diversified portfolio of equities with a bias toward yield, and capital preservation, and uses a covered option overlay to generate additional yield and further mitigate downside risk and volatility.

Visit Next Edge to learn more about the fund and download the latest monthly commentary.


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A winning combination: