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How we invest
Our job is to invest our clients’ capital in high-quality companies with strong management teams that are well positioned to contribute to, and benefit from, sustainable development.

Our core investment philosophy has been in place since 1988 and has remained unchanged since then.
It is founded on the principle of good stewardship, by which we mean careful, considered and responsible management of our clients’ funds.
We treat the money we’re entrusted with as if it were our own long-term savings.
We believe our job is to invest our clients’ capital in high-quality companies with strong management teams that are well positioned to contribute to, and benefit from, sustainable development. We endeavour to pay sensible prices for these investments.
We also believe we have a responsibility to manage our clients’ funds to the mutual benefit of everyone who has a relationship with these companies, including the wider communities in which they operate.

Our investment philosophy
Long-term:
We take a long-term approach, aiming to invest with a minimum ten-year horizon from the point we make an investment.
Positive absolute returns:
For us, investment risk means protecting our clients’ money from permanent loss due to negative returns, rather than how we compare to benchmarks (relative returns).
Bottom-up investing:
On behalf of our clients, we invest in shares of real companies based on their individual strengths, rather than relying on benchmarks or market trends (top-down investing).
Sustainability:
We believe companies delivering positive sustainability outcomes drive investment returns and reduce investment risk.
Quality:
We believe the quality of people, franchise and financials drives long-term returns and reduces risk.