Process overviewOur investment philosophy is based upon our conviction that no company, market, or economy can be considered in isolation; each must be understood in a global context.

We firmly believe that in a rapidly shrinking world (as a result of globalization), only by understanding events, trends and competitive pressures worldwide can the prospects for shares and bonds be properly evaluated.

In addition, against a backdrop of great uncertainty and heightened volatility, which we believe will persist, it appears more important than ever to achieve the widest possible perspective on the investment landscape in order to evaluate effectively the risks and opportunities that prevail.

We also believe that a geographically constrained perspective to stock selection limits a portfolio manager’s ability to identify and invest in the strongest companies, and ignores global long-term trends.