Brandes Timeline

1971

Charles Brandes met Ben Graham, whose value investing principles later inspired Brandes to set up his own firm.

The Nifty 50*

Investors couldn’t get enough
of the Nifty 50. Their valuations
skyrocketed well beyond levels
that even companies such as
Polaroid and Digital Equipment
Corporation could sustain.
1974

Brandes Investment Partners was founded under the name Branco Investors.

1973 Oil Crisis

Oil supply concerns contributed
to the stock market crash of
1973-1974, with the Dow Jones
Industrial Average* falling over 45%
during the crisis. Even most of the
Nifty 50’s constituents did not
come out of it unharmed.
Partner with a Pioneer in Global Value Investing

1977

New Brandes Global
Equity Strategy was among
the first global offerings in
the United States.

Rising Interest
Rate in 1979

BusinessWeek magazine
declared “The Death of Equities”
as the prime rate headed to a high
of 21.50% in December 1980.
1986

Brandes won its first
sub-advisory wrap
program and institutional
separate account.

1987 Black Monday

On October 19, global financial
markets collapsed with the
Dow Jones Industrial Average*
losing over 22%, providing a
great environment for value
investors to seek bargains.
Put the World's Potential in Your Portfolio

1990

New Brandes International Equity Strategy targeted select non-U.S. value opportunities.

“Tear down this wall!”

- President Reagan, 1987

On October 3, 1990, the formal
reunification of East and West
Germany signified the dawn of
larger markets and the
beginning of globalization.
Pursue Opportunities at Attractive Prices

1991

Brandes launched
U.S. Value Equity Strategy.

Glasnost
and Perestroika

Public call for transparency and better standard of living led to the dissolution of the Soviet Union in 1991 and the end of the Cold War.
Allocate to Emerging Markets with Confidence

1994

Brandes introduced Emerging Markets Equity Strategy.

1994 Tequila Crisis

Brandes remained unnerved as
Mexican Peso’s devaluation
scared many investors. Then and
now, we believe not all companies
are affected by macroeconomic
events in the same way.
Consider Potential Bargains Among European Equities

1995

Brandes launched
European Equity Strategy.

World Trade Organization

The establishment of the WTO
paved the way for international
trade expansion and globalization.
Small Companies. Big Potential.

1996

Brandes introduced International Small Cap Equity Strategy. Brandes opened its first overseas office in Geneva.

Baby Boomers Began Turning 50

CalPERS* reached
$100 billion in assets as
baby boomers started thinking
more about retirement.
1997

Brandes started offering
mutual funds.

The Asian Contagion

The 1997 Asian financial crisis sent
many emerging economies into a
deep dive. Despite emerging
markets’ numerous transformations
since then, many investors still fear
a potential replay of this crisis.
1999

Brandes acquired fixed-income strategies from Milwaukee-based Hilltop Capital.

“Irrational Exuberance”

The dot-com bubble led the
NASDAQ* Composite Index to
almost quadruple between 1997
and 2000 – before ending in the
"tech wreck".
2002

The Brandes Institute was
founded to lead thought
leadership and research
initiatives. Brandes
Investment Partners & Co.
(Brandes Canada) opened.

2002 South American
Economic Crisis

Argentina, Brazil and Uruguay
struggled as economic crisis hit.
Brandes took this opportunity
to invest in out-of-favor
businesses in the region.
2006

Sionna Investment
Managers, Inc. joined
Brandes Canada line-up.

Global Financial Crisis

Major downturns in stock markets shocked investors worldwide and led to the collapse or sale of several large financial institutions. The S&P 500 Index* fell over 56% from October 2007 to March 2009
(peak to trough).
2012

Brandes was #3 for trading-cost efficiencies according to national ranking agency.*

The ECB’s
“Whatever It Takes”

The European Central Bank
announced in 2012 to do
“whatever it takes”
to preserve the euro zone.
2013

Brandes Canada expanded as an investment sales platform under the name Bridgehouse Asset Managers. Brandes moved its Europe office from Geneva to Dublin and opened its first Asia-Pacific office in Singapore.

To Taper
or Not to Taper

Speculation on the U.S. Federal
Reserve’s tapering plan affected
international equity markets,
especially emerging markets.
At the end of 2013, valuations
for the MSCI EM Index* were
near pre-2008 crisis levels.
2014

Brandes commemorated its
40-year anniversary, reinforcing
its commitment to clients and
value investing.

Oil Prices Slump

The significant drop in oil price toward the end of 2014 sparked investor concerns about the prospects of companies in the
energy sector.
2015

The Brandes International Equity and Corporate Focus Fixed Income strategies reached their 25- and 15-year milestones, respectively.

Oil-Price Decline

A supply glut continued to weigh on the oil market.
2016

Brandes became a signatory of the UN-supported Principles for Responsible Investment Initiative and a member of the International Corporate Governance Network.

Leave or Remain?

About 52% of U.K. voters favored Brexit, a referendum for the United Kingdom to leave the
European Union.

Nifty 50: an informal term used to describe the 50 most favored “buy-and-hold” stocks by the market in 1960s and 1970s.
* Past performance is not a guarantee of future results. One cannot invest directly in an index. The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 blue chip U.S. stocks. The DJIA was created by Charles Dow in 1896 as a general measure of the stock market, and today is compiled by editors of The Wall Street Journal. With over a hundred years of data behind it, the DJIA still serves as a reliable U.S. market’s measure. This index captures price movements of the securities.
* Past performance is not a guarantee of future results. One cannot invest directly in an index. The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 blue chip U.S. stocks. The DJIA was created by Charles Dow in 1896 as a general measure of the stock market, and today is compiled by editors of The Wall Street Journal. With over a hundred years of data behind it, the DJIA still serves as a reliable U.S. market’s measure. This index captures price movements of the securities.
*California Public Employees Retirement System, manager of the biggest public pension fund in the United States.
*Past performance is not a guarantee of future results. One cannot invest directly in an index. The NASDAQ Composite Index is an unmanaged, broad based market capitalization-weighted index that measures all NASDAQ domestic and international based common type stocks listed on the NASDAQ market. This index captures price movements of the securities.
*Past performance is not a guarantee of future results. One cannot invest directly in an index. The S&P 500 Index with gross dividends is an unmanaged, market-capitalization weighted index that measures the equity performance of 500 leading companies in leading industries of the U.S. economy. The index includes 500 leading companies in leading industries of the U.S. economy, capturing 80% coverage of U.S. equities. This index includes dividends and distributions, but does not reflect fees, brokerage commissions, withholding taxes or other expenses of investing.
*Source: Institutional Investor; rank was for 12 months ended June 30, 2012. Click here for full article.
*Past performance is not a guarantee of future results. One cannot invest directly in an index. The MSCI Emerging Markets Index with gross dividends measures equity market performance of emerging markets. MSCI has not approved, reviewed or produced this report, makes no express or implied warranties or representations and is not liable whatsoever for any data in the report. You may not redistribute the MSCI data or use it as a basis for other indices or investment products.

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