Head of GLTU describes the investment philosophy and process.
The Martin Currie Global Long-Term Unconstrained (GLTU) strategy is focused on the delivery of sustained value creation to our investors, aiming to invest in companies high and sustainable return on invested capital (ROIC) in excess of the weighted average cost of capital (WACC).
We focus on a company’s cashflow and assets not earnings, we believe these are greater long-term indicators of corporate sustainability. The research process uses forensic accounting and a significant emphasis on governance to understand the decision making processes inside a company.
We aim to make a long-term capital commitment, minimising costs and maximising the positive effect of compounding returns.