Investment Process

High-quality companies

Thorough research

Sell discipline

Portfolio construction

Because the stock market moves in short bursts, in order to capture the incremental return afforded by equities, it is essential that the investor remain fully invested. Thus substantitive changes in asset allocation are driven by changes in investor circumstances rather than an anticipated stock market moves.

The equity portion of the portfolio is made up of large-cap and mid-cap companies diversified among broad industry sectors, including: Finance, Consumer Goods and Services, Industrial Goods and Services, Technology, Health Services, Utilities and Telecommunications.

Representative Holdings