Investment process

Expertise and attention to detail

The investment process is structured in a logical, simple and disciplined way. This makes the process transparent for our clients and allows good insight into the quality of the portfolios. Teamwork is an essential part of our investment process as our views are constantly challenged by the other portfolio managers of the team, leading to better stock selection and investment results.

Selecting companies

To select from the maximum of opportunities, ValueInvest Asset Management S.A. uses a broad investment universe.

Stock selection is based on a conservative valuation of each individual company. All companies have to pass the same rigid investment process. When analysing potential investments we look for companies with understandable businesses, long-term earnings power, strong balance sheets, reliable management and stability of historic results. Any investment is based on a fair value calculation of the company, attaching great importance to earnings power and low net debts relative to the earnings stability.

For transparency and monitoring, all investment decisions, including fair value calculations, are documented in ValueInvest Asset Management S.A.'s proprietary database and can be disclosed to clients to provide full transparency.
 

Safety margin

To ensure that investment risks are appropriately rewarded, ValueInvest Asset Management applies a safety margin before investing.

The size of the company determines the price we are willing to pay for the stock compared to our fair value to ensure high liquidity in the portfolios at all times.