Do you employ a strategic or tactical asset allocation approach to your research?

Both. We have defined strategic asset allocation buckets for each of our funds – the strategic allocations vary by level of conviction. The tactical overlay is represented by changes in levels of conviction and therefore translated to the actual allocation. The conviction buckets are defined at: Portfolio Construction (Steps 04 & 05)

How many investments do you think an analyst should cover at any point in time?

In Step 02 of our six step investment process, we apply a “best effort into best ideas” philosophy and will therefore, by definition, not have a ranking table of stocks. We have various screens and data visualisation tools to highlight potential investment ideas. A key objective of our process is to find enough good ideas to […]

Portfolio Construction (Steps 04 and 05)

Once a particular investment idea has been approved by our portfolio management team it is then considered for inclusion into the relevant funds. This is the start of Portfolio Construction which is the 4th step of our investment process. Rob Spanjaard has final responsibility for the construction of the portfolios. We do not believe investment decisions through an investment committee is an effective method to implement decisions.