This bottom-up, value-orientated strategy invests in companies from across all sectors and countries in emerging markets.
The investment process is based on the belief that shareholder value creation, namely a firm’s ability to generate a return on capital above its cost of capital, drives share prices over the long term.
Our distinctive method of portfolio construction is designed to deliver consistent performance across different market conditions. We invest in four distinct types of companies with different return on capital profiles, which ensure diversification.
Our disciplined bottom-up stock selection process focuses on what we believe drives share prices in the long term, namely a company’s level of profitability. We assess this by looking at its return on capital, the valuation of the shares and governance practices, to determine if there is shareholder alignment.