Mirabaud Equities Swiss Small and Mid Strategy

Swiss Equities

Mirabaud Equities Swiss Small and Mid Strategy

The Swiss small and mid-cap (SMID) investment universe offers significant exposure to companies with strong growth potential into the long-term – if active managers know the space, do the research, and make disciplined and reasoned stock selections.

We believe the track record of the asset class speaks for itself: since 2000, the SPI Extra, the index tracking Swiss SMIDS, has grown 454%, against 231% for Switzerland’s broader index, the SPI.

To help you keep track of how the fund and the wider Swiss SMID universe is faring, we’ve created this page as a forum to consolidate news and insights on the strategy, and to keep you updated on any new developments.

Our Approach

Philosophy

Guided by thorough and detailed fundamental research, we have constructed a high-conviction actively managed portfolio of high-quality Swiss Small and Mid Caps (SMIDS).

We believe this asset class offers a wide range of addressable opportunities, the potential of reducing clinging to an index, a high degree of tactical flexibility, and the opportunity to capture breakout firms at an early stage of their journey.

Our Approach

Strategy

We combine what we believe are Switzerland’s best in growth and value stocks, with a ratio of 60% to 40%, in a concentrated portfolio that is usually made up of between 40 and 50 companies.

We do not use leverage in the strategy, and gear the fund towards firms of mid-range capitalisations over those with small capitalisations (75% vs 25%).

Our Approach

Objective

The fund foregoes short-term volatility trades and instead aims into achieve resilient and reliable capital growth in the medium to long term.

Our belief is that share prices will follow earnings growth for these often young companies, and sustainable profit growth will deliver quality investor returns thanks to compounding effects.

Our Approach

Proven track record

Our highly proficient management team, led by Daniele Scilingo, has an average of 23 years of experience in managing Swiss equities.

With an intimate and extensive knowledge of the unique characteristics of the space, they also manage a fund addressing larger Swiss firms, and a unique high-alpha product.

OUR PHILOSOPHY

Swiss Equities

How the strategy works

Our Strategy

Identifying compounders

We seek out companies with high returns on capital employed, smart capital allocation, defendable moats – and viable growth stories.

Our Strategy

Patience

We have a bias towards the long-term – our preferred holding would be forever. This long-term time horizon means we can think about the future first, and find companies that do the same.

Our Strategy

Bottom-up

Approaching investments like business owners, we are passionate stock-pickers and base our decisions on extensively research qualitative and quantitative data.

Our Strategy

Discipline

We are laser-focused on finding and extracting the optimal added value – we filter the noise out to identify the right fundamentals to base our decisions on, and are not afraid to be firm.

OUR INVESTMENT PHILOSOPHY

Our philosophy is founded on identifying stocks with potential for delivering resilient compounding growth based on:

High return on capital employed
Smart capital allocation
Defendable ‘moats’ – ie. able to sustain competitive advantages over their competitors
Growth narratives with long-term upside potential