Out approach to investments is a traditional fundamental one. In periods of efficient market, fundamental analysis serves the basis for stock market analysis. At the same time, we take into account that the stock market is not efficient to the full. The market, as we see it, in each specific period tends to be efficient in relation to certain information, but does not reach efficiency immediately. High performance may be pointed out against the background of average only with the help of ideas that have not been fully factored into by the market.
Investment quality depends on how comprehensive and timely the analysis is. In our case, it is the foundation of the high-performance management system. Our analysis is based on two approaches, top-down forecasting and bottom-up forecasting. The two approaches used together paint a cohesive picture of the market. We believe that efficient investments are impossible if based only on short-term forecasting.
Our investment style is a result of active approach to Asset Management , fundamental-oriented choice, and efficient risk management. This style guides all investment strategies that we work with.
The changes we have introduced into the traditional approach include moving away from target prices to continuous comparative analysis. Our comparative analysis methods allow us to select numerous high-performance portfolios out of the widest range of market offers. The changes we have introduced are highly important and lead to a significant difference in decision-making process in our company as compared to the majority of other companies.
НThe corner stone of our investment process is continuous management of the portfolio, which includes on-going analysis of issuers and the portfolio, rather than just concluding deals daily. Such analysis allows making efficiency-driven decisions on changes in the portfolio structure.
We are ready to put together portfolios that differ from index structure and to be ethically responsible to our clients for management results. The only criterion is high performance of every portfolio in the framework of the chosen strategy.
Our experts are the main value in the process of Asset Management . Our company pays special attention to human recourses. Our team of managers has been the same for several years now, which has a positive effect on the assets of our clients. We value team work and the fact that all our managers share corporate investment philosophy.