Investment approach
We employ a collaborative and multi-disciplinary approach to research, drawing on knowledge from across our investment floor. This enables us to identify the mispricing of individual stocks – specifically for those companies that we believe will offer sustainable, long-term growth.
Research
All of our investors are analysts, with an average of 20 years research experience.
Focused on client outcomes, we employ long-term cash flow modelling and our average holding period of stocks is more than three years.
Stewardship
Every portfolio manager integrates ESG into their research, owning all engagement and voting.
We have been awarded the highest possible (A+) rating by the PRI* across all three categories and we are in the top 7% of asset managers for active ownership.
Portfolio Construction
Our proprietary data and analytics system enable our portfolios to be highly selective, with an average of 20–70 stocks.
High active share ensures that skill counts, allowing us to manage outcomes and reporting.
Research is interwoven with a strong valuation discipline based on the forecasting of normalised earnings power to determine a company’s fair value. Additionally, ESG analysis and active ownership are also fully embedded into our investment process. Overlaying all of this is an independent and dynamic risk function that informs an optimum risk allocation.
*PRI – Principles for Responsible Investment. Engagement and voting activity is for the period 1 January 2018 to 31 December 2018.
We have 50 analysts
integrating ESG into research
Latest Insights and News
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Bricks vs emerging clicks
Developed and emerging market consumers had been moving away from physical retail pre-crisis. Does the hastened trend towards online shopping spell the death of traditional shopping and restaurants?
- Date published
- 30 Jun 2020
- Tag
- Aftermath: Post Covid-19
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The future of property
Will our new love for video conferencing spell the death of commercial office space? Will we visit shopping malls again?
- Date published
- 24 Jun 2020
- Tag
- Aftermath: Post Covid-19
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Latest Stewardship activity: May
One notable outcome of the lockdowns imposed across the world has been the positive reduction on pollution and carbon emissions...
- Date published
- 23 Jun 2020
- Tag
- Stewardship & ESG