e-fundresearch: Which fundamental factors are currently most crucial in your opinion?
Asante: We intend to stick to our investment philosophy which focuses on selecting the highest quality companies that we can find, provided they are reasonably priced. Macro economic factors, including views on politics, currencies, dynamics of the relevant industry etc, are incorporated at the stock discussion level, after identifying a high quality business which is reasonably valued.
e-fundresearch: Which countries and sectors are currently over- and underweighted?
Asante: We don´t target country weights - these are rather outcomes of where we find the cheapest companies that meet our quality criteria.
Overweight: Czech Republic, Egypt, Hungary, India, Israel, Malaysia, Mexico, Philippines, South Africa, Taiwan, Thailand and Turkey
Underweight: Brazil, Chile, China, Colombia, Indonesia, South Korea, Morocco, Russia, Peru and Poland
Increased exposure to Czech Republic, Egypt, India, Israel, South Korea, South Africa and Taiwan
Decreased exposure to Brazil, China, Mexico, Philippines, Russia and Thailand
We don´t target sectors but prefer stable rather than cyclical businesses and price givers to price takers.
UI-ChampionsCall mit ProfitlichSchmidlin: „Wir graben tiefer“ - Opportunitäten für langfristige Unternehmensbeteiligungen und Anleihe-Sondersituationen
„Wir graben tiefer“ - Opportunitäten für langfristige Unternehmensbeteiligungen und Anleihe-Sondersituationen„Im Jahr 2023 sind die Fundamentaldaten bei unseren Beteiligungen mit den Aktienkursen weit...Overweight: Consumer Staples, Health Care, Telecom Services and Utilities
Underweight: Consumer Discretionary, Energy, Financials, Industrials, and Materials
Increased exposure to Consumer Staples, Financials, Health Care and Utilities
Decreased exposure to Consumer Discretionary, Energy, Information Technology, Materials and Telecom Services
Portfolio weightings as at 30 September 2009
e-fundresearch: Are Global Emerging Markets going to outperform the MSCI World Index in the next 12 months?
Asante: We believe that the long-term growth potential of the emerging markets asset class will remain intact as emerging market consumers are in much better shape financially than developed world counterparts
We remain positive on the long-term outlook for the asset class as we expect economic growth to be higher than that of Western economies.