The goal of all our funds is to generate a positive and stable return. The method we use is focused value investing.
All of our funds employ the same overall management philosophy: focused value investing.
- Focused means that the funds are concentrated to a limited number of securities. We do not invest in a stock simply because it is included in an index, but only if we really like it. This distinguishes us from most of our competitors, particularly the passively managed so-called index tracker funds.
- Value investing means that we prefer well-managed companies with established operations, sustainable business models, strong financials, a great track record and a high dividend yield. Quite simply, value companies.
A cornerstone of our management is that we are cautious. We do not take chances. It is equally important for us to avoid the losers as to identify the winners. We therefore set great value on the dividend yield, which over time tends to be the most important parameter for positive value growth.
Because we dislike risk, we also prefer liquid securities, since it is relatively easy to find buyers should it become necessary to sell. This all means that we do not invest in just any company, and we are signatories to the UN Principles for Responsible Investment.
The creation of long-term value demands responsibility in matters concerning the environment, human rights, anti-corruption and labour law.