Our US Concentrated Growth Strategy seeks to outperform the Russell 1000® Growth Index over a full market cycle with less volatility, and strives to achieve a competitive ranking within peer universes over the same period, while retaining the integrity of the investment style.
US Large Cap Growth
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Our US Concentrated Growth Strategy is based on our belief in a portfolio of companies that generate high returns on capital.We believe that a focused portfolio of companies with businesses that have high returns on growth capital, sustainable competitive advantages, capitalize on secular growth opportunities, and trade at a discount to intrinsic value, can generate attractive risk-adjusted returns over the long term.
Overview
- A focused portfolio of companies with businesses that have high returns on growth capital, sustainable competitive advantages, capitalize on secular growth opportunities and trade at a discount to intrinsic value, can generate attractive risk-adjusted returns over the long term.
- We seek to create a portfolio with high and diversified 1 active share, leveraging our best fundamental, bottom-up ideas.
- The Strategy focuses on diversification¹ in terms of both absolute exposures and relative contribution to risks.
- Typical investment horizon is 4 to 6 years.
1 Diversification does not guarantee a profit or protect against a loss.
PLEASE NOTE: The Internal Guidelines referenced do not necessarily represent prospectus / statutory limitations.These internal guidelines are used as guidance in the daily management of the Portfolio's investments.These guidelines are subject to change and should not be relied upon as a long term view of the Portfolio's exposures, limitations, and / or risks.
Why Amundi US?
Key features of our US Concentrated Growth Strategy include:
- Consistent, disciplined philosophy and process: The Strategy has held to the same investment philosophy since its inception, and its consistent performance and holdings attribution are evidence of the team's disciplined approach.
- Risk-adjusted returns and downside risk focus: Consistent with the philosophy and focus on higher-quality companies, the Strategy has outperformed the Russell 1000 ® Growth Index in the three most recent calendar year down markets in 2001, 2002 and 2008.
- Low volatility approach: The companies in which the team typically invests have lower-than-average volatility in their business results, which may result in lower stock volatility.Valuation analysis is an important part of the team's security selection process, which typically helps mitigate volatility.
- Definition of value: The Strategy distinguishes itself by defining value as the combination of the existing cash flow yield of a business and the level and sustainability of returns on incremental invested capital (ROIIC).
- Concentrated portfolio: The Strategy has exposure to high-conviction stocks, diversified1 across sectors, and poised to outperform the long term.
1 Diversification does not guarantee a profit or protect against a loss.