Embracing creativity & discipline in stock selection
2023 has been a difficult year for value investors. Big US Tech
has been ruling the markets, especially where there is a link
with generative AI. At the time of writing, the MSCI World is
up 14%*, while the global index of value stocks is up 2% (as at
Still, it has been possible to outperform the benchmark and active
stock selection, where there is room to invest off the beaten track,
can contribute to this. Our strategy is based on three pillars: solid
cash flow generation, prudent capital allocation and an attractive
valuation. Idea generation is an important part of the strategy.
That’s where it starts.
To read Reineke Davidsz's full thoughts on how active
stock selection, paired with creativity and discipline, can contribute to outperformance - download the full article below.
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. Past performance provides no guarantee for the future.