US Large Cap Growth

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.

                         

                              

                        

                       

 

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.

Andrew Acheson

Managing Director
Director of Growth, US
Portfolio Manager

Biography

Yves Raymond1

Senior Vice President
Portfolio Manager 

Biography

David Chamberlain, CFA1

Vice President
Portfolio Manager 

Biography

1Effective 4/28/21, Yves Raymond and David Chamberlain became portfolio managers on the Strategy.
 

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.