- Employ fundamental analysis to identify companies with sustainable above-market earnings growth rates.
- Focus on franchise strength, management team quality, free cash flow, and financing/balance sheet structure.
- Verify relative valuation appeal versus both local market and region.
- Assess macroeconomic and political factors to temper bottom-up enthusiasm for specific securities.
- Typically 30-60 stock portfolio.
- Individual positions sizes typically range from 0.5% to 10.0%
- Sector ranges typically +/- 10.0% absolute deviation to the benchmark.
- Country ranges typically +/- 10.0% absolute deviation to the benchmark.
- Reserves typically range from 0.0% to 5.0%.
- Expected Turnover 20.0% to 50.0%.