Georgian Income Growth Portfolio
Objective:
Our goal is to maximize total return for long-term investors, consisting of yield income and capital appreciation.
Rationale:
At the foundation of all investments is the expectation of cash returns to the investor. Equities with growing dividends have significantly outperformed the broader equity indices over the long-term. A well positioned portfolio of income equities, with an emphasis on operating free cash flows will also:
♦ Aid in protecting capital in downward or volatile markets;
♦ Be able to provide regular income;
♦ Do so in a tax-efficient manner.
Strategy:
We will invest in companies with sustainable and growing free cash flows and cash distributions to shareholders, to maximize total returns, with below-market risk, over the long-term. The investment processes are based upon the following disciplines:
♦ Qualitative and quantitative screens;
♦ Fundamental due diligence;
♦ Valuation;
♦ Portfolio risk management;
♦ Balance sheet strength;
♦ Leading competitive position;
♦ Proven management stability.
