Our high conviction, highly focused sustainable UK strategy

Find out how our unique approach delivers long term growth

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Where now for UK Equities after COVID ?

Find out why we believe certain companies are still positioned for growth

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A question of Climate Change risk

Why climate change factors are increasingly important when selecting stocks

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Balancing sustainable quality and value

Jeremy Hewlett provides insight into navigating the UK equity market to find sustainable quality and value.

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Navigating climate change

Climate change factors pose real long-term risks to companies, industries and countries in which they operate. Discover how we think differently here.

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Fund resources

Access the fund fact sheet and other technical information here.

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Mirabaud UK Equity High Alpha Fund

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Our Approach

Value is the gap between quality and price

Where there is a disconnect between the quality of an asset and its price – our definition of a ‘value’. We are seeking quality franchises where the current price understates its quality.

Balancing conviction and diversification

At least 50% of the portfolio is concentrated into the 10 highest conviction positions with the least downside risk. The balance consists of smaller position sizes to provide sufficient scope for diversification.

Being disciplined in what we own

We invest in companies that we can understand and value. In certain companies, such as in sectors like banks or biotech, we take a cautious approach in how we value them.

We focus on our three pillars of quality

Scale : We focus on companies that have the ability to scale. They share important key attributes: Asset light, large addressable markets, digitally enabled and they enjoy recurring revenues.

Optionality : We look for companies where intrinsic value is not recognised by the market through characteristics such as unidentified revenue opportunities, cross-sell potential and assets or cash on the balance sheet. 

Low risk : The price we pay is our key measure of risk. We are focused on owning cash generative companies with strong balance sheets, solid management and ESG integrity, where price has not been fully recognised by the market. 

We don’t distinguish between traditional ‘value’ and ‘growth’ definitions - we consider any quality company that has growth potential

Jeremy Hewlett
Portfolio Manager, Mirabaud – UK Equity High Alpha Strategy

Deep understanding of the UK

The UK investment team bring 60 years of combined experience and expertise in UK Equities into the bottom-up stock picking approach, alongside a dedicated responsible investment team to drive the integration of ESG screening and active ownership into the process.

David and Jeremy have worked together for over 16 years at Mirabaud Asset Management. They each bring significant levels of expertise and experience in UK equities, and a very clear understanding of what they are looking for, which aids their stock picking approach.

Jeremy Hewlett

Manager of the UK High Alpha Strategy

Over 36 years’ experience in UK Equity investing 
Consistent application of the UK High Alpha Strategy since 2013
Master’s Degree in Theology and Philosophy from Cambridge University

David Kneale

Head of UK Equities

Over 19 years’ experience in UK Equity investing
Master’s Degree in Geography from Oxford University  

Sales contacts

Contact

Ozan Kazim

UK Wholesale Sales
T +44 20 3897 4489

ozan.kazin@mirabaud-am.com

 

Contact us to learn more about our strategy.