Our   Investment   Approach 

We follow a fundamental, valuation-based investment approach that is enhanced by considering the company attributes of quality, growth and sentiment. While we believe that undervalued shares outperform over the long term, we recognise that returns from a pure value based (low price-earnings) approach are cyclical and subject to periods of shorter-term under performance.

For this reason, we enhance our approach by combining our valuation with an understanding of a company's quality, its earnings growth potential and market sentiment. Our disciplined portfolio construction process determines the best combination of these ideas from a risk perspective, which enhances our ability to achieve more stable returns through various market cycles.  Our Africa portfolio is managed on a similar basis, but with a stronger focus on growth and dividends, and taking potential liquidity, currency and political risks into consideration.

As a result, this portfolio is liquidity cognisant (and not benchmark cognisant). We also depend on our proprietary currency analysis and regularly visit the countries to meet management and interact with the wider business community to better gauge sentiment.

 Investors 

 Exposure 

We offer investors exposure to actively managed Zimbabwean and Africa (ex-Zim) equity funds that aim to outperform their benchmarks with less volatility. We invest in companies that have excellent long-term prospects, are well managed businesses and are attractively valued