Our bottom-up, utterly disciplined process creates well-diversified portfolios that are fully invested in value-oriented equities across developed, emerging, and frontier countries.
The foundation of our work is a seasoned, suitable, liquid universe of stocks. We evaluate companies relative to their peers using four categories — or pillars — of attractiveness: value, management, momentum, and sentiment. Overarching this multi-factor valuation is a portfolio construction process that optimizes the tradeoff between expected return and multi-faceted risk. Forecasts of transaction costs are used to guide us toward efficient implementation. The integration of research, portfolio management, and trading is the bedrock of our decision-making process.