IDENTIFYING VALUE

International Equities

 

International Equities

 

Strategy:

The International strategy is based on our value-oriented and systematic investment approach. Its foundation consists of our country-specific stock screenings (CHICCO) combined with fundamental analysis of all buy candidates. Portfolio construction is characterized by equal-weighting country-modules as well as single stocks within these modules in order to avoid bulk risks and achieve broad diversification.

The International investment universe includes developed as well as emerging markets with the exception of USA and/or Canada. Our modular approach allows for client-specific customization of regional and/or country allocations.

Upon client request, portfolio construction can also be implemented with our Unconstrained approach.

 

Characteristics:

Benchmark:

MSCI World ex US Net
Investment Style:Value, active, bottom-up

Number of stocks in portfolio:        

approx. 160-200
Currency hedging:no
Use of derivatives:no
Negative lists, SRI-Screens:   
can be implemented
Minimum investment:EUR 50m (segregated mandate)
 

Performance Composite - Traditional (Gross of fees):

cumulated as of September 30, 2018
EUR / USD
3 years
5 years
10 years
Since Jan. '98
World ex US Composite
38.53 %
48.30 %
131.44 %
533.32 %
MSCI World ex USA Net
25.54 %
43.46 %
100.30 %
162.66 %
Active Return (geom.)
10.35 %
3.37 %
15.54 %
141.12 %
cumulated as of September 30, 2018
EUR / USD
3 years
5 years
10 years
Since Jan. '98
World ex US Composite
44.06 %
27.06 %
93.06 %
581.89 %
MSCI World ex USA Net
30.63 %
23.10 %
65.63 %
180.47 %
Active Return (geom.)
10.28 %
3.22 %
16.56 %
143.12 %
annualized as of September 30, 2018
EUR / USD
3 years
5 years
10 years
Since Jan. '98
World ex US Composite
11.48 %
8.20 %
8.75 %
9.30 %
MSCI World ex USA Net
7.88 %
7.48 %
7.19 %
4.76 %
Active Return (geom.)
3.34 %
0.67 %
1.46 %
4.33 %
annualized as of September 30, 2018
EUR / USD
3 years
5 years
10 years
Since Jan. '98
World ex US Composite
12.94 %
4.91 %
6.80 %
9.69 %
MSCI World ex USA Net
9.32 %
4.24 %
5.18 %
5.10 %
Active Return (geom.)
3.32 %
0.64 %
1.54 %
4.37 %

Past performance of financial instruments is no guarantee of future results.

 
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