New Capital is part of EFG Asset Management. For more information visit: www.efg.com
Equity
Conviction Equity
As investors, we are looking to capitalise on mispriced opportunities based on the strength and timing of future cash flows.
Our investment philosophy is to target companies that can sustainably grow their cash flows over time and know what to do with the profits. Our experience has shown that a concentrated portfolio of stocks with these attributes can provide an attractive return when held over the long-term.
We look at the equity markets through the lenses of fundamental investors, notwithstanding portfolio construction. We don’t look only at valuations but pay a lot of attention to the quality of the businesses we invest in, meaning we are as much business analysts as equity analysts.
We use a proprietary scoring system called the Conviction Score that allows us to compare companies across all sectors, geographies and business models. Over time this proprietary scoring creates substantial intellectual property which guides us towards superior businesses, industry structures and trends.
Strategy facts
| Global Equity | European Equity | UK Equity | China Equity |
|---|---|---|---|
|
A high conviction global fund focusing on long term capital appreciation |
Buy European companies that can grow cash flow and know how to allocate capital |
Buy UK companies that can grow cash flow and know how to allocate capital |
Finding the best businesses in China, buying companies when they are attractively valued and holding for the long-term |
|
Reference benchmark: MSCI AC World Net USD |
Reference benchmark: MSCI Europe Net Return EUR Index |
Reference benchmark: MSCI United Kingdom All Cap Index |
Reference benchmark: MSCI China 10/40 Net Total Return USD Index |
|
Inception: May 2015 |
Inception: November 2011 |
Inception: November 2016 |
Inception: August 2012 |
Growth Equity
The US Growth team employs a methodical, fundamental approach to stock selection. This framework allows the team to invest in a disciplined, repeatable manner to help ensure it is consistently investing in the most attractive relative opportunities.
The process can be applied across all sectors to facilitate stock selection. The four key inputs are Quality Assesment, Timing Assesment, Short-Term Growth Potential and Long-Term Growth Potential. Each stock receives a score for each of these four inputs, which are then added together to yield an overall QUoTA ranking.
Our investment philosophy is to identify the highest-quality, fastest-growing companies in the appropriate universe. We use a proprietary forecast system that allows us increase our understanding of the company and decrease reliance on third parties for financial research.
Strategy facts
| US Growth | US Small Cap Growth | US Future Leaders | Europe Future Leaders | Asia Future Leaders |
|---|---|---|---|---|
|
Investing in high growth companies in the US using a fundamentally driven qualitative stock-picking approach |
Investing in high growth companies in the US small cap space using a fundamentally driven qualitative stock-picking approach |
A concentrated, stock picking strategy that seeks out future leading companies in the US with a focus on high quality growth companies which have exemplary management teams |
A concentrated, stock picking strategy that seeks out future leading companies in Europe with a focus on high quality growth companies with exemplary management teams |
A concentrated, stock picking strategy that seeks out future leading companies in Asia with a focus on high quality growth companies with exemplary management teams |
|
Reference benchmark: Russell 1000 Growth Index |
Reference benchmark: Russell 2000 Growth Index |
Reference benchmark: Russell Mid-Cap Growth Index |
Reference benchmark: MSCI Europe ex UK Net Return EUR Index |
Reference benchmark: MSCI AC Asia ex Japan Net Total Return USD Index |
|
Inception: July 2010 |
Inception: December 2016 |
Inception: April 2016 |
Inception: September 2019 |
Inception: December 2018 |
Strategy facts (continued)
| Japan Equity | Swiss Select Equity | Emerging Markets Future Leaders |
|---|---|---|
|
A high conviction, concentrated, stock picking strategy investing in a qualitative strong Japanese multi-cap universe. |
A high conviction, stock picking strategy investing in a strong Swiss multi-cap universe. |
The investment objective is to achieve long-term capital appreciation through high conviction fundamental research driven Emerging Markets equity portfolio. |
|
Reference benchmark: MSCI Japan Net Total Return Local Index |
Reference benchmark: Swiss Performance Index |
Reference benchmark: Solactive Emerging Markets ex China Custom Net Return USD Index |
|
Inception: January 1998 |
Inception: March 2014 |
Inception: March 2022 |
Portfolio Management Team
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Our Capabilities
New Capital provides a wide range of actively managed, high conviction, global, regional and specialist investments for private clients, financial intermediaries, and institutional clients worldwide.
Portfolio Management Team
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