Equity Investment Approach

Equity Investment Approach

We are bottom-up, fundamental valuation driven investors.

We believe that earnings and dividend growth are the primary drivers of share price appreciation, and that through thorough research we can identify companies – preferably with an enduring competitive advantage – that will show superior earnings and dividend growth which is not reflected in current valuations. In the fullness of time, the market prices of such businesses will converge with their steadily growing value.

A number of core holdings have been in our portfolios for longer than a decade, although their weightings have been actively adjusted based on shorter term prospects and relative performance.

For an in-depth description of our equity capability, please request a copy of our Investment Capability Document.