Westwood is actively monitoring the market environment, particularly as news on the coronavirus (COVID-19) continues to spread concern. With our firm-wide focus on downside protection, each of our investment teams has developed briefings on our approach to these market conditions.

  • While we monitor developments from the coronavirus (COVID-19) across markets around the world and at home, our thoughts are with all those affected. As a firm, Westwood has managed through difficult market events and economic periods in the past (i.e., 2008 Global Financial Crisis, 1987 Black Monday, 9-11 Attacks), and we will continue to adhere to proven fundamental investing principles to navigate through this time of crisis.
  • As “shelter in place” directives have been implemented in our Dallas, Boston metro and Toronto locations, remote functions are in place. With our cloud-based technology platform, we are continuing to seamlessly manage portfolios and operate our business in this environment.

Overview: COVID-19 Market Impact Overview

As of March 24, 2020.

U.S. Value Equities

  • Our positioning has remained in undervalued, high-quality businesses given our philosophy of investing at the intersection of quality and value with generally less exposure to more cyclical or economically sensitive areas of the market.
  • We believe companies with stronger free cash flow, higher Return on Equity (ROE) and less leverage will be rewarded not only during the current downturn, but also as markets recover during the early part of the new cycle.

Read On

As of March 23, 2020.

Multi-Asset Portfolios

  • Given the unique current environment, we believe fundamentally analyzed companies across the capital structure can provide extraordinary value for investors as we look through the current dislocated markets into the future.
  • We have continued to take actions within the portfolio to protect client capital and position for the future. Our portfolio liquidity remains high with enough “dry powder” to take advantage of market opportunities.

Read On

As of March 23, 2020.

We will continue to provide insights and updates. In the meantime, if there are any questions, please do not hesitate to reach out.

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