The fund seeks growth at a reasonable price by investing in large-size companies in the United States.
The investment process is designed to identify companies exhibiting above average earnings growth potential available at reasonable valuations. The process also looks for companies with superior management and business models, dominant market positions, durable competitive advantages, and strong transparent financials.
Next, the research team combines a top-down and bottom-up analysis to look for growth companies which are likely to exceed the overall market estimates and general consensus.
The top-down analysis begins with economic projections of factors such as inflation, unemployment, interest rates, and corporate earnings. Factors like market value expectations and projected changes in government policy, technology, industries and demographics are also considered.
The bottom-up analysis includes a detailed analysis of a company’s competitive environment and earnings and cash flow projections, and identification of themes that could affect company and industry trends and catalysts.
In addition, the manager also has interactions with the management of companies, and a review of multiple resources to assess the companies and their respective industries.
