Systematic process:
Quality businesses first, attractive valuation second
Repeatable investment process designed to quickly identify the best investment opportunities across Asia
Our approach integrates both quantitative and qualitative methodologies.
1
Idea generation
New ideas are sourced exclusively from our proprietary Quality Universe. Our database is composed of companies that we have met since 2012 and is updated weekly based on quantitative factors.
2
Fundamental research
Our framework focuses on assessing business quality, minimizing biases and allowing comparison across a wide universe of geographies and business models.
3
Portfolio construction
This system provides a real-time force-ranking between portfolio companies and investable candidates, helping us to quickly make better informed buy and sell decisions.
Idea generation
New ideas are sourced exclusively from our proprietary Quality Universe. Our database is composed of companies that we have met since 2012 and is updated weekly.
We screen businesses on quality first and valuation second. Back-tested performance factors also drive the prioritization of new ideas.
Our best opportunities come from compounding businesses that are being ignored by the market and from situations where there is a temporary valuation derating, which can be due to markets’ misreading or overreaction.
Our on-the-ground approach allows us to quickly identify potential hidden gems or take a contrarian view when we believe there is an asymmetric upside vs. downside scenario. We meet and engage with more than 100 management teams every year.
We screen businesses on quality first and valuation second. Back-tested performance factors also drive the prioritization of new ideas.
Our best opportunities come from compounding businesses that are being ignored by the market and from situations where there is a temporary valuation derating, which can be due to markets’ misreading or overreaction.
Our on-the-ground approach allows us to quickly identify potential hidden gems or take a contrarian view when we believe there is an asymmetric upside vs. downside scenario. We meet and engage with more than 100 management teams every year.
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Fundamental research
Our framework focuses on assessing business quality, minimizing biases and allowing comparison across a wide universe of geographies and business models.
All businesses are rated on seven quality criteria, where a specific rating is dictated by facts and financial evidence.
Our research goes through four well-defined successive stages, following our internally developed templates and checklists, and is reviewed weekly during our Investment Committee.
Upon due diligence completion and subject to Investment Committee’s approval, a company will become a candidate that could be added right away or at a later stage to the portfolio, depending on its relative valuation and quality.
All businesses are rated on seven quality criteria, where a specific rating is dictated by facts and financial evidence.
Our research goes through four well-defined successive stages, following our internally developed templates and checklists, and is reviewed weekly during our Investment Committee.
Upon due diligence completion and subject to Investment Committee’s approval, a company will become a candidate that could be added right away or at a later stage to the portfolio, depending on its relative valuation and quality.
Portfolio construction
Our scoring tool combines quality and valuation metrics, with cheaper and better businesses getting the best scores.
This system provides a real-time force-ranking between portfolio companies and investable candidates, helping us to quickly make better informed buy and sell decisions.
We review our portfolio and potential candidates on a weekly basis.
This system provides a real-time force-ranking between portfolio companies and investable candidates, helping us to quickly make better informed buy and sell decisions.
We review our portfolio and potential candidates on a weekly basis.
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