We follow an established, clearly defined investment philosophy that applies across all our investment strategies.

A summary of our investment philosophy is we are risk aware and aim to have lower-than-market levels of volatility in our portfolios. We are conscious of the uncertainty of future returns, so highly concentrated exposures and illiquid holdings are rare in our portfolios. We invest to specific portfolio objectives based on fundamental research; we are not index-based investors. Our research process seeks to identify investment opportunities that can grow and pay sustainable income through time.

As active managers we use our own research to invest in companies we believe are undervalued. Once invested, we continuously monitor these positions to ensure the fundamentals behind the decision to invest have not changed. We believe that through skill and opportunity, we can add value over and above the benchmark indices. As a result, our portfolios reflect our best investment ideas and are structured to provide sustainable income and/or capital growth over the medium to long term.

Our investment decisions are made from our investor’s perspective and investments are only made following a structured process, combining both quantitative and qualitative factors. We place a strong emphasis on risk management. That is, we seek to invest in high quality, or potentially high quality companies, where the expected return from the investment, will more than adequately compensate us for the potential downside risk.

Our Socially Responsible Investment Policy can be found here:

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What we offer

We place emphasis on managing risk.

We value assets where the expected return will more than compensate us for the potential downside risk. We look to build portfolios which have lower volatility than the broader market and as a result, highly concentrated exposures and illiquid holdings are rare in our funds.

We invest on the basis of research.

We use our own internal research to identify securities we believe are being undervalued by the market. We use a balance of quantitative and qualitative factors to build a deep understanding of each security we invest in.

We are active managers.

We believe through skill and opportunity we can add value over and above benchmark indices. We are not index-based investors, we are constantly re-evaluating our portfolios.

We are a New Zealand manager.

We make investment decisions from a New Zealand investor’s perspective.

Download Statement of Investment Policy & Objectives

For further details on our investment approach please read our Statement of Investment Policy & Objectives (SIPO)

Download SIPO