QEP International Value

Investment Objective

QEP International Value strategy seeks long-term capital growth.

Description

Schroder QEP International Value is an index-unconstrained, value-based strategy designed to deliver higher long-run returns than the market.  Analyzing a universe of around 12,000 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, sales, assets and earnings).  Portfolios will exhibit a style bias towards these factors.  The team believes 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.  They determine Quality on measures of Profitability, Stability and Financial Strength.

The team believes that intelligent portfolio construction can greatly enhance the ability to generate repeatable long-run returns.  They 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, they take an index-unconstrained approach which enables them to invest wherever they 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

Investment Options*