Havelock London Ltd
Matthew Beddall, Chief Executive Officer (and Fund Manager)
Fund: LF Havelock Global Select
Modern Investment Management - Why Valuation Matters
It seems that financial markets have increasingly become dominated by price insensitive buyers. This label applies equally to the passive index investor who implicitly accepts current prices as the best guide to true value, the speculator who hopes to flip their purchase to a “greater fool” and the optimist who believes a company is so destined for success that there is no price at which it is too expensive.
Investing based on the perceived value of what you are buying requires analysis that links financial markets to the real economy. It is time consuming and offers few high-octane thrills. It is vital however, as a great company doesn’t necessarily make a great investment if you pay too much for it.
Natixis Investment Managers
Daniel A. Nicholas, CFA Client Portfolio Manager
Fund: Harris Associates Global Equity Fund
Raj Shant, Managing Director and Portfolio Specialist at Jennison Associates, a PGIM Business
Fund: PGIM Jennison Global Equity Opportunities Fund
Disruption’s Next Chapter: Will Innovation Extend the Growth Cycle?
The extraordinary pandemic-induced social, professional, and technological disruption— and the ongoing digital transformation of consumers and enterprises continues to revolutionise the way we live, work, and operate as a society. Secular trends that were already in motion went into overdrive, widening the gap between struggling “old economy” companies and innovative business models. E-commerce, digital payments, streaming, and cloud computing technologies proved their value through this period and have been broadly adopted by both businesses and consumers. While companies in these areas saw their stock prices skyrocket amid the turmoil, the true transformative potential of many companies in these areas remains largely underestimated and provides substantial runway for future growth and wealth creation.
Raj Shant, Managing Director and Portfolio Specialist, will describe how the team uncovers companies driving structural shifts in their industries, building sustainable competitive advantages and emerging as global leaders. He will also detail the importance of ESG considerations when evaluating high growth companies, and explain how the team is positioning the PGIM Jennison Global Equity Opportunities Fund to take advantage of long term growth trends.
Duncan Goodwin, Fund Manager
Fund: Premier Miton Global Sustainable Growth Income Fund
How to give a Global Sustainable Fund Bite, without any FAANGS
With more ESG and sustainable funds starting, the concerns around “greenwashing” grow. Managing a portfolio to both non-financial and financial goals opens the door to potential conflicts. One example of this to us is the number of sustainable/ESG funds investing in the FAANGs. Such an investment is understandable given the FAANGs large weighting in global and US indices as well their strong recent share price performance. We believe ESG and particularly governance risks makes some of the FAANGs hard to justify owning in an ESG/sustainable fund.
In our session, we discuss alternatives to FAANGs and highlight how we look to manage fund performance with sustainable and ESG considerations. We believe the outlook is exciting for a global sustainable approach and highlight current positioning.
Royal London Asset Management
Peter Rutter, Head of Equities
Fund: RL Global Equity Select Fund
A Counterweight to Global Growth Exposure and a Strategy for the Seasons?
Peter Rutter, Head of Equities, will highlight RLAM’s proprietary Corporate Life Cycle, triple diversification, and valuation discipline. At a time when style rotations are intense and growth is a highly crowded trade, this strategy allows the team to build a portfolio that has been able to outperform across multiple style and macro environments through differentiated stock picking.