Boutique Insights

Articles

• Look for diversified alternatives to expensive defensive shares (31 March 2012, Money Marketing)
• The price factor of a business is key for future returns (22 March 2012, Finweek)
• Market Strategy (April 2012)
• ELECTUS appoints top Fund Manager for new global emerging markets fund (October 2010)
• Equity specialists - Boutique format gives free reign to investment style - October 2007
• Warning bells ring for domestic company valuations – June 2007

Brochures

• ELECTUS brochure
• ELECTUS profile (Institutional)
• ELECTUS profile (Retail)

Strategy Note

• December 2011: When does a quality defensive business not offer value?
  We have a strong preference for quality companies. However, not all quality companies currently pass our stringent criteria for investment - which is why you will not find SABMiller, British American Tobacco and Shoprite in our portfolios. We explain why we aren’t invested in these companies and how we counter their absence.
• August 2011: Excess return is what happens when preparation meets opportunity
  While, over the last 18 months, we have not seen great opportunities in the market to generate large levels of excess return, we believe this has changed. Our extensive company analysis, as well as several other factors, shows that opportunities appear to be increasing. Here we explain why we have recently increased the active equity risk in our portfolios.
• April 2011: Why we prefer companies where management invests directly in their company shares rather than through share options.
  We believe that equity investing should not be complicated and, as such, our investment philosophy is simple: we always strive to buy into high quality businesses at prices that are low compared to their long-term investment value. In applying this philosophy, we have six key factors that influence our company selection. Here we address one of these factors.
• December 2010: Why Global Emerging Markets are now a permanent asset class and not just an opportunistic investment.
• September 2010: Why we invest in high quality businesses and how we identify these opportunities.
• June 2010: Why we will NEVER suffer from style drift or be “momentum” investors.
• March 2010: China: Key to long-term commodity price and mining share upside for SA.
• November 2009: Select Equity Investment’s funds: The best of growth and value
• May 2009: South African gold shares: Why we’re avoiding them
• February 2009: South African Banks.... benefiting from certain earnings in uncertain times
• November 2008: BHP Billiton
• August 2008: Inter-relationship of shares and how we take these into account
• May 2008: Valuation methodologies
• February 2008: Analysing the levels of company earnings