Value Investing
ACATIS is a specialised value manager in asset management.
An investment style that is based on the “genuine“ value of companies and markets, we believe, will out-perform a passive or trend-oriented investment policy in the long term. Whilst wider price fluctuations may occur with this style, value investing is successful in the long term, due to the fact it is geared towards the value and not the price of companies.
Over the long-term, value investing has indeed out-performed other approaches. The most successful investor of our time (billionaire Warren Buffett from Omaha, Nebraska) has always been a value investor. Take for example Acatis’ flagship global equity fund (Acatis Aktien Global), which has returned 550% since inception (vs. 340% MSCI World).
Value investing is the embodiment of what ACATIS has been practising successfully since 1994 – and for which it has been rewarded with good consistent performance and numerous awards.
Value investing in practice
On a monthly ongoing basis, we screen global equity markets and come away with a few stocks that meet our criteria of favourable valuations and high quality.
Our computers have estimated a fair value price and calculated performance indicators for more than 50,000 global stocks that are in our universe. Among these stocks we find one to three each month that satisfy our value criteria. We buy companies with the intention of holding them for several years - only selling them once they exceed their fair value price. We are not influenced by short-term news flow.
This ideology has produced positive returns in the equity funds managed by ACATIS, which funds returning anywhere between 8-10% on an annualised basis.
