Proven performance and the thoroughness of our methodology mean we can offer concrete results without taking unnecessary risks. Our management methodology consists of several steps.

Investment

When buying shares, we act as if we were buying the entire company. We are very selective in our investment process and apply an investment strategy based on strong convictions.

Risk

Risk arises when the parameters of an investment are not properly understood. We apply a disciplined methodology based on in-house fundamental company analysis and valuation.

Horizon

Financial markets reflect economic reality and company fundamentals over the long term. We adopt a long-term horizon in the investment process and we limit the number of decisions.

Valuation

"Price is what you pay. Value is what you get." We invest with a margin of safety in order to reduce the risk of losses.

BENCHMARK

The benchmark is only used for performance measurement. We build our portfolios from the bottom up, without referring to the benchmark structure.

3-STEP PROCESS

1. SEARCH FOR INVESTMENT CANDIDATES

  • Screening
  • Brokers
  • Conferences
  • ...

Market universe

Identification of successful business models Selectivity

2. ANALYSIS & VALUATION

  • Sector research,
  • Fundamental research,
  • Financial reports,
  • Valuation,
  • Contacts (companies, brokers, independent research)

Portfolio universe

  • Stable investment universe
  • Understanding of companies
  • Identification of risks
  • Valuation based on a standardised business approach

3. PORTFOLIO

Regional weighting in line with MSCI World GDP Weighted Index; Regional portfolios managed by our regional specialists; Bottom-up allocation within different regions

  • Convictions
  • Diversification
  • Mid to long-term strategy
  • Low turnover

FURTHER INFORMATION