What: We believe a fund’s investment objective should focus on maximising the upside of strong markets and minimising downside risk of weak markets through a full market cycle.
How: Our proven investment process leverages our strengths by combining top-down macro insights with bottom-up fundamental research.
Why: The consistent and disciplined application of such a research process is what underpins the repeatability of Milford’s historically strong investment performance. The benefit of active management is having a team of highly motivated investment professionals working in this systematic way to identify opportunities the market has missed.
The Milford investment process explained
How we decide where to invest:
- Idea generation
The Milford investment team is engaged in constant ongoing evaluation of new information and its potential to influence the outlook for macroeconomic conditions and industry dynamics. We focus on forecasting critical turning points and identifying attractive investment themes not yet recognised in the market. Sectors and individual securities captured by Milford’s Exclusion List are screened out at this stage in the investment process.
- Economic and Investment Analysis
How we ensure ongoing delivery:
- Portfolio management
Portfolio Managers are then responsible for the final selection of securities to include within a portfolio, taking into account the return objectives and risk appetite of their investors. Portfolio positions are assessed every day for price movements, new information and updated investment views.
