Capital at risk
Flexible growth
Growth comes in different forms: firms focusing on disruption, predictable steady compounders and capital allocators. Our flexible growth portfolios offer exposure to all three.
What are flexible growth’s characteristics?
The market tends to value growth categories differently. Disruptors capture opportunity and market share. Their revenues grow rapidly, but their outcomes can be broad. Steady compounders have strong defensible franchises and competitive advantages. This leads to above-average earnings growth over long periods. Capital allocators rely heavily on management’s skill in deploying capital into cyclical opportunities. Combining all three helps reduce volatility while letting us pursue our best ideas.
How do we invest in flexible equity growth?
For each type of growth, we focus on different measures. Sales growth and margin progression for rapid growers. Franchise strength and profitability for steady compounders. And management quality and consistency with long-term business execution for capital allocators.
Flexible equity growth portfolios typically hold 60 to 100 stocks. Turnover is low, typically less than 20 per cent per annum.
Flexible-growth strategies
Asia ex Japan
A patient strategy in fast-paced markets. Embrace diverse growth opportunities in the hope of capitalising on inefficiencies.
China
A diversified portfolio of 40-80 of the best growth companies in China, regardless of listing location, size or weight in an index.
Emerging Markets All Cap
Our longest-standing Global Emerging Markets portfolio, targeting the world’s best Emerging Market companies with a diversified approach.
Emerging Markets ex China
Seeking to provide exposure to the best Emerging Market opportunities outside of China, an increasingly common consideration for investors.
Global Alpha
Ambitious growth investing in exceptional companies, prioritising long-term sustainability and competitive advantages for lasting success.
Global Alpha Paris Aligned
Climate-conscious investing in exceptional growth companies worldwide, using investment floor insights to find diverse opportunities.
Japan All Cap
Discover Japan's untapped potential. Focusing on fundamentals, we try to find mispriced, under-appreciated growth opportunities.
Japan Growth
Unearthing Japan's hidden opportunities, our strategy targets emerging disruptors, strong franchises, and corporate reform for growth.
Pan Europe
We seek out Europe's standout companies with the potential to deliver exceptional investment returns.
Sustainable Growth
Seeking out companies that could benefit society and shareholders, and deliver lasting growth and positive impact for all.
US Alpha
We focus on growing businesses across diverse opportunities that we hope will drive exceptional returns over time.
All our investment capabilities
Equity and multi-asset income
Seeking both dependable income and long-term capital growth.
Flexible growth
Portfolios containing a mix of firms focused on disruption, steady compounding and timely capital allocation.
High growth
Concentrated portfolios of fast-growth companies, typically holding between 25 and 50 stocks.