FNB Capital Asset Management (FNB Capital) is an investment management firm founded in September 2014 by two industry veterans with close to 60 years of combined portfolio management experience. It differentiates itself by the exclusive use of exchange-traded funds to construct its portfolios in the belief that asset mix decisions play a much greater role than security selection in explaining the variability of investment returns over time. Currently, FNB Capital offers its services exclusively to institutional clients.
FNB Capital is incorporated in the Province of Quebec, and is registered by the Authorité des marchés financiers (AMF), the province’s financial market regulator.
If you look closely, you will see four hexagons in FNB Capital’s logo. "Why hexagons ?" you may ask.
In geometry, a hexagon is a six-sided polygon. When regular hexagons are arranged together (like in our logo), the result is a hexagonal grid. This also happens to be the best way to divide a surface into regions of equal area with the smallest total perimeter. In construction terms, it allows you to build a structure with the greatest amount of storage space and the greatest stability, while using the least amount of material. Somehow, bees were able to figure this out, which is why honeycombs are considered a marvel of natural engineering.
“…the comb of the beehive, as far as we can see, is absolutely perfect in economizing labour and wax.”
- Charles Darwin, On the Origin of Species, 1859.
If hexagons are good enough for bees and aerospace engineers (most modern planes are made of honeycombed aluminum), they should be good enough for financial engineers as well. By constructing portfolios using only ETFs, FNB Capital is also able to build a solid financial structure with the upmost efficiency. The many benefits of ETFs include: