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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US vs China over Hong Kong
Monitoring the escalation of the confrontation between the United States and China over the last few years has felt like watching a slow-motion train crash. The negative implications of the trade wars for both sides are obvious for all to see.
- Date published
- 2 Jun 2020
- Tag
- Global
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Podcast: Myth-busting China’s economy
Paul Desoisa busts a few myths on the Chinese economy and answers key questions on exports, government ownership and ESG.
- Date published
- 28 May 2020
- Tag
- Emerging Markets
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Podcast: Q1 earnings season wrap-up – maintaining our conviction
Zehrid Osmani summarises the recent earnings season, reveals his Q2 forecasts, and explains how he maintains conviction in current markets.
- Date published
- 21 May 2020
- Tag
- Global