We believe that investing in companies that are global leaders, as demonstrated by the persistence of high relative return on invested capital (ROIC), can deliver attractive outperformance over time.

Investment approach

  • We invest in companies that the portfolio manager believes are leaders within their industry or country, as demonstrated by an ability to deliver high relative return on invested capital over time. We believe that high returns on capital typically can be attributable to, among other things, a strong competitive position and defensible barriers to entry.
  • We use a research-intensive approach to building a concentrated portfolio of typically 40 companies.
  • Our strategy benefits from an experienced portfolio manager with success investing globally and who shares a belief that low-turnover, concentrated portfolios derived from sound fundamental research can generate attractive outperformance.

Vehicle: Separately Managed Account, Mutual FundUCITS Fund