Strategies 2017-12-07T16:11:16+00:00

Investment Strategies

European Equity

Investor profile:

The European Equity Strategy is suitable for investors who:

  • Have a long-term and fundamental investor mindset
  • Want exposure to European equities or look to diversify their portfolio
  • Look for an active investment manager unconstrained by benchmarks

Investment objectives:

  • Preserving invested capital is a priority
  • Target an annualized long-term, absolute positive return well in excess of inflation with a lower risk than the reference index

Strategy characteristics:

  • European all cap strategy with a proven strong downside capture
  • Stock selection is the primary source of alpha generation
  • Unconstrained concentrated portfolio of 35-50 holdings
  • High active share, consistently above 85%
  • Cash is used as safe haven and can be as high as 25%
  • Low turnover, on average between 20% and 30% per annum

European ex UK Equity

Investor profile:

The European Ex-UK Equity Strategy is suitable for investors who:

  • Have a long-term and fundamental investor mindset
  • Want exposure to European equities or look to diversify their portfolio
  • Look for an active investment manager unconstrained by benchmarks

Investment objectives:

  • Preserving invested capital is a priority
  • Target an annualized long-term, absolute positive return well in excess of inflation with a lower risk than the reference index

Strategy characteristics:

  • European all cap strategy with a proven strong downside capture
  • Stock selection is the primary source of alpha generation
  • Unconstrained concentrated portfolio of 30-45 holdings
  • High active share, consistently above 85%
  • Cash is used as safe haven and can be as high as 25%
  • Low turnover, on average between 20% and 30% per annum

European Value Strategy

Period ending November 30th 2017 YTD 1 Year 3 Years* 5 Years* Since Inception*
European Value Composite – Gross Return (%) 9.08 15.13 10.25 11.03 6.84
MSCI Europe – Net Return (%) 9.38 15.77 6.17 9.53 3.30
European Value vs. Reference Index (%) -0.30 -0.64 +4.08 +1.51 +3.54

Reference index used is MSCI Europe – net return index.
European Value track record refers to the gross performance of the composite European Value Strategy.
Calculation Period: 31 December 2007 – 30 November 2017
*Periods greater than 1 year are annualized (%)

European Value Ex-UK Strategy

Period ending November 30th 2017 2016* 2017** Since Inception
European Value ex UK Composite – Gross Return (%) 0.33 9.90 10.26
MSCI Europe ex UK – Net Return (%) 0.58 11.94 12.58
European Value ex UK vs. Reference Index (%) -0.25 -2.04 -2.32

Reference index used is MSCI Europe ex UK – net return index.
European Value ex UK track record refers to the gross performance of the European Value ex UK Fund.
*Calculation Period: 16 December 2016 – 31 December 2016
**Calculation Period: 31 December 2016 – 30 November 2017

Please note that past performance is no indication of future performance.