Multi thematic approach
Multiple themes provide the framework for diversification and underpin important tailwinds for companies
High Conviction Philosophy to Drive Alpha
Consistent application of high conviction thinking with a focus on best ideas to generate alpha
Flexible and Nimble Approach to Manage Upside and Downside
Proximity of teams and a high conviction approach accelerate decision making and allows us to act quickly if the market environment requires it
High Sustainability Focus to Manage Risks and Opportunities
Well-defined approach to exclusions, ESG integration and active engagement
Importance of
themes
Anu Narula, Head of Global Equities, highlights why themes are important in driving alpha
A look into decarbonisation
Renewables are a key piece of the puzzle in the transition to carbon neutrality.
What sustainability means to us
Paul Middleton talks about how important sustainability is to him
Mirabaud – Sustainable Global Focus Fund
Our approach
ESG INTEGRATED APPROACH
The Portfolio Managers have been running sustainable Global Equity portfolios since 2013, screening out the vice sectors which are at risk of regulatory change, and low ESG scoring companies. We look for Leaders in the ESG space within their industries. To help do this, we leverage Sustainalytics, a leading independent information source on ESG criteria. Mirabaud Asset Management also has a dedicated team of Socially Responsible Investing specialists that work jointly with the investment team to strengthen ESG engagement and capture the non-financial risks of the companies selected for the strategy.
MULTI-THEMATIC FOCUS
We’ve been employing thematic investing in this strategy since its inception. We have identified eight global themes, and multiple sub-themes underneath them, which share common attributes – innovation and structural growth drivers as a result long-term sustainable demand from consumers or industries. When we consider a company, it’s always in the context of how it fits within one of our themes, which provide companies with additional growth drivers.
Our core belief is that themes provides companies with important secular tailwinds, which helps them better navigate changing market conditions
The Team Behind the strategy
- At Mirabaud Asset Management, Anu and Paul have been managing global equity portfolios along thematic lines for over six years.
- They have been investing thematically for over seventeen years.
- Anu Narula, Head of Global Equities, is A-rated by Citywire.
- Anu Narula has a uniquely long term track record in managing global equities, outperforming the average manager since 2011 (source: Citywire)
Our Equity Themes
Decarbonisation
We have reclassified our “Renewables” theme to “Decarbonisation”. Renewables are a key piece of the puzzle in the transition to carbon neutrality, but alongside this there are other key areas of the transition, which will represent a significant tailwind for those companies exposed to them. As ever, we continue to look for global leaders in these areas.
Millennial Consumers
In the US, the number of people aged 26-41 has exceeded 72 million, surpassing ‘baby boomers’ as the largest cohort of the population. Millennials will account for 75% of the global workforce by 2025 and their combined income will hit $8.3 trillion by 2025
Automation
Automation also has an important role to play in bringing customers previously reliant on e-commerce back into stores. Customers who had a positive experience with in-store automation said they would be willing to shift.
Platform Companies
Platform companies are the fast-growing group of “born digital” enterprises that are reshaping the global economy and transforming how we work and live, from where we stay on holiday to running business operations systems in the cloud.
Health & Wellbeing
The Health and Wellbeing market has had to change during the global pandemic as consumers under lockdowns or partial lockdowns have had to adapt with limited or no access to gyms, fitness studios and other high-touch wellness-related activities.
Real Estate & Infrastructure
What will emerge from this pandemic are more resilient, inclusive and sustainable cities, which could focus on large scale investment in public housing, to help alleviate some of the inequalities seen across urban centres today.
Ageing Population
Covid Impact: The Covid-19 pandemic has created significant challenges for the world’s ageing population.
The Service Economy
The service economy was one of our themes that was hit hardest during Covid, and we now expect this theme to bounce back.
The Explosion of Data
The Explosion of Data remains an important theme for us and growth continues to be driven by the move towards a digital economy and changing preferences in the way individuals access information.
Contact
Switzerland
Jérôme Paganini
Head of Sales, Switzerland
MIRABAUD ASSET MANAGEMENT (SUISSE) SA
29, boulevard Georges-Favon
1204 Geneva
T +41 58 200 60 81
Switzerland
Alexis Dinsfriend
Sales Executive
MIRABAUD ASSET MANAGEMENT (SUISSE) SA
29, boulevard Georges-Favon
1204 Geneva
T +41 58 200 6047
Switzerland
Stefan Stucki
Head of Institutional Sales ZH Office
MIRABAUD ASSET MANAGEMENT (SUISSE) SA
Claridenstrasse 26
8002 Zurich
T +41 (0) 58 200 61 54
Switzerland
Louis William Wagner Ley
Wholesale Manager
MIRABAUD ASSET MANAGEMENT (SUISSE) SA
Claridenstrasse 26
8002 Zurich
T +41 58 200 61 59
United Kingdom
Benjamin Carter
Head of UK Wholesale
MIRABAUD ASSET MANAGEMENT LIMITED
5th Floor
10 Bressenden Place
SW1E 5DH London
T +44 20 3897 4411/M +44 7506715897
United Kingdom
Elliot Fowles
UK Wholesale Sales
MIRABAUD ASSET MANAGEMENT LIMITED
5th Floor
10 Bressenden Place
SW1E 5DH London
T +44 (0)7799 410071
United Kingdom
Deji Ijaiya-Harvey
UK Wholesale Sales
MIRABAUD ASSET MANAGEMENT LIMITED
5th Floor
10 Bressenden Place
SW1E 5DH London
T +44 20 3167 7028
Italy
David Basola
Head of Consultants, GFI & Southern Europe
Mirabaud Asset Management (Europe) - Succursale Italiana
Via Giuseppe Mengoni 4
20121 Milano
T +44 20 3167 7014
Italy
Mattia Pastrolin
Senior Sales Executive, Italy
Mirabaud Asset Management (Europe) - Succursale Italiana
Via Giuseppe Mengoni 4
20121 Milano
T +44 20 3167 7015
United Kingdom
Ilaria Malacco
Sales Executive, Italy
MIRABAUD ASSET MANAGEMENT LIMITED
5th Floor
10 Bressenden Place
SW1E 5DH London
T +44 20 3167 7021
France
Isabelle Richard
Head of Sales France
MIRABAUD ASSET MANAGEMENT (FRANCE) SAS
13, avenue Hoche
75008 Paris
T +33 (1) 7935 6802
France
Jérôme Spohn Villeroy
Wholesale Director
MIRABAUD ASSET MANAGEMENT (FRANCE) SAS
13, avenue Hoche
75008 Paris
T +33 (1) 7935 6803
Spain
Elena Villalba
Director Iberia & Latam
Mirabaud Asset Management (Europe), S.A., Sucursal en España
Calle Fortuny, 2ª Planta 6
28010 Madrid
T +34 91 793 7810
News
Views and Analysis
UK Equities: Fear has peaked
David Kneale takes stock of the UK equity market, shining a spotlight on the valuation disconnect as inflation drivers turn negative, interest rate expectations decline and attention shifts to earnings forecasts.
Views and Analysis
“Paid to wait”: the new paradigm in convertible bonds
A market lag in repricing discount bonds presents an opportunity.
Publications
My Switzerland
The idea that central banks are starting to move away from aggressive rate hikes is at the very heart of market expectations, although a pivot towards expansionary policies is some way off.
Fixed Income
Rethinking the role of investment grade corporates
The fixed income 40% – is now the time for investment grade corporates to take over from sovereign bonds? Senior Portfolio Manager Fatima Luis makes the case for an allocation switch-up.
Fixed Income
EM debt: Why it’s time to de-diversify
EM debt investors have a new mantra: Avoid diversification. Following an indiscriminate sell-off, laser-focused, high-quality allocations are the name of the game for EM debt. Sector expert Daniel Moreno shares where he’s seeing investment potential.
Fixed Income
If the UK were a high yield bond, how would it rank?
“When we analyse high yield credits, one of the first questions we ask ourselves is: are management interests aligned with bondholders, or shareholders?” Al Cattermole outlines how to find investment potential in an uncertain environment.