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ABOUT US
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We believe clients can rely on our intellectual capital, innovative solutions and risk management expertise to realise their investment objectives. Our experienced investment teams follow rigorous processes which enables us to identify opportunities that have the potential to generate superior risk-adjusted returns consistent with fund objectives. Above all, as part of a top 10th global asset manager, we can offer our clients expanded product capabilities and expertise in areas such as portfolio construction, credit analysis and alpha generation.
Investment Philosophy
Our investment philosophy is to deliver superior risk-adjusted returns over the long term without compromising the quality of the portfolios we manage. We place as much emphasis on managing risk and volatility as on generating returns. We adhere to rigorous research and risk management processes and emphasise on the strength of our teams over any individual.
Investment Approach
Equity Investments
We look to buy quality businesses with an above average potential for a sustainable growth at a reasonable price. We emphasis on
01.
Quality
Quality of the business measured on quantitative and qualitative parameters, as well as quality of management in terms of track record on corporate governance.
02.
Growth
We look to buy securities of companies which have above average growth potential or are in a high growth phase.
03.
Valuation
We seek to buy securities that have significant upside potential.
04.
Investment opportunities are identified through a robust research process that balances a bottom-up stock picking approach with a top-down macroeconomic overlay.
05.
A defined framework for portfolio construction with stock and sector limits ensures a disciplined approach to diversification.
06.
Portfolio holdings are monitored daily to validate the continuity of the investment hypothesis or to identify potential exits.
Our Proposition
01.
Differentiated Portfolios
Endeavor to maintain minimal portfolio overlap vis a vis benchmark as well as competing products to help investors achieve genuine diversification
02.
Better Quality
Measured in terms of Return on Equity. We strive to construct portfolios with higher ROE versus the benchmark so that the investors have superior quality
03.
Low Leverage
Companies with low debt on balance sheet tend to fare better over the cycles. We prefer to buy companies with low debt to equity ratio
04.
Concentrated Portfolio
Concentrated, yet diversified: we seek to construct portfolios with relatively few stocks to reflect our convictions, while still ensuring appropriate diversification
05.
Low Volatility
Volatility is a measure of risk. We seek to maintain a portfolio of lower risk / volatility compared to benchmark.
Fixed Income Investments
Our philosophy in managing fixed income portfolios is to generate steady income streams for investors while managing risks in a manner which is consistent with the fund objectives. Our investment process is driven by thorough research and balances both risk and return to construct portfolios which seek to deliver consistent and superior risk-adjusted returns to investors over the long term.
Research is focused on both, interest rates and credit. We thoroughly analyze the macro economic scenario and monetary policy environment to formulate our views on interest rates and our stance on duration. We follow a well-defined and rigorous process to develop our outlook on credit. Security selection is based on relative valuations, credit analysis and research. This process is complemented with a strong risk management framework.
Credit Research is an important part of our investment process. We start with a bottom up process to create an investible universe. Potential opportunities are first subjected to screening to establish a baseline on financials and corporate governance standards. The filtered issuers are then subjected to more rigorous evaluation standards covering both quantitative and qualitative factors. The process includes an internal credit rating and scoring framework as an input for decision making to complement the external rating. Each issue is subject to ongoing review as long as they are part of the investable universe.
