The key characteristic of Scotia Cassels' U.S. equity selection process is a focus on large and medium-sized companies with strong earnings growth potential. The stocks of such companies, acquired at reasonable prices, are expected to deliver very attractive investment returns over the long term.

Quantitative analysis of a broad universe of U.S. stocks is conducted with an objective to screen for companies with strong future earnings growth prospects and the potential for positive earnings surprises. Consideration is given to stocks in companies that have competitive advantages, and a strong management team capable of articulating and implementing a sound business strategy that will generate earnings growth and potential increases in shareholder value.