QEP Global Value

Investment Objective

QEP Global Value targets gross returns of +3% above global indices such as the MSCI All Country Index over the full economic cycle.

Description

Schroder QEP Global Value is an index-unconstrained, value-based strategy designed to deliver higher long-run returns than the market. Analyzing a universe of over 15,000 stocks, the team constructs a highly diversified portfolio typically containing over 500 stocks.

Stock selection for this strategy is grounded in the analysis of company fundamentals indicating Value (dividends, cashflow, assets and earnings). We believe that Value outperforms over the long term, but to help minimize exposure to ‘value traps’, stocks which are cheap for good reason, investment decisions are also informed by the team’s analysis of business quality. We determine Quality on measures of profitability, stability, financial strength and governance.  

We believe that intelligent portfolio construction can greatly enhance the ability to generate repeatable long-run returns. We reduce stock specific risk by building a highly diversified portfolio, but with conviction in every single stock. Recognizing the limitations of market cap-weighted indices, we take an index-unconstrained approach which enables us to invest wherever we find the best Value opportunities and to capitalize upon those which may be missed by other global managers, including those at the lower end of the market cap spectrum and across emerging markets.

Management Team

Investment Philosophy

Investment Process

Key Features

Literature

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