e-fundresearch.com: How many positions does the portfolio usually contain and what is the average holding period of an investment?
Laura Luo: The portfolio normally holds 70-100 stocks, with an average holding period of 12-18 months.
e-fundresearch.com: To which extent does fund size impact the efficiency and effectiveness of your investment strategy?
UI-ChampionsCall mit ProfitlichSchmidlin: „Wir graben tiefer“ - Opportunitäten für langfristige Unternehmensbeteiligungen und Anleihe-Sondersituationen
„Wir graben tiefer“ - Opportunitäten für langfristige Unternehmensbeteiligungen und Anleihe-Sondersituationen„Im Jahr 2023 sind die Fundamentaldaten bei unseren Beteiligungen mit den Aktienkursen weit...Laura Luo: We can undertake an individual portfolio of US$10bn with a similar style and strategy. As the Hong Kong and China markets continue to grow in size, we expect we can manage a portfolio larger than the current US$10bn capacity estimate.
e-fundresearch.com: In which market environment does your investment strategy deliver the best (relative) results?
Laura Luo: Our emphasis on Growth at a Reasonable Price would lead to some underperformance when investors buy stocks that would not be identified by our investment approach. As markets become more rational we would expect our emphasis on companies with long term growth and the potential to produce earnings better than expected by the broader market to prove successful again.