The Veritas Asian strategies are focused on protecting and growing the real value of clients’ capital over our rolling 5 year investment horizon or a full economic cycle.

Asian Overview

At Veritas our approach is to navigate markets on a stock by stock basis, using structural growth themes as initial filters to narrow down the opportunity set into areas we consider worth investigating further to find the high quality companies we seek. Once potential candidates have been identified we conduct deep dive due diligence on individual companies, challenging ourselves at each step to confirm if a company has the quality characteristics we require. Once we have completed our deep dive work, we then remain patient for the right entry price which in our judgement will achieve the investment outcome objective.

We are unconstrained by benchmark/index weightings in finding ideas, we only seek high quality companies with a competitive advantage to protect future cash flows with a market capitalisation of USD 5bn+ run by talented aligned management. We are prepared to look through short term volatility, believing that volatility is something that can be a real benefit and present excellent opportunities to investors with a sufficiently long term time horizon.

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Asian Strategies

Veritas Asian Characteristics

– Long only strategy investing in equities in Asia Pacific ex Japan
– High conviction with a quality bias, 35-55 positions unconstrained by benchmark/index weightings
– Objective/Aim is to protect and grow the real value of investors’ capital whilst exceeding the MSCI AC Asia Pacific ex Japan over rolling 5-year periods
– Valuation discipline is key
– Seeking to achieve long term capital growth with lower than market volatility as an outcome.
– Thematic portfolio construction with ideas focused on investment themes that benefit from structural growth over a 3-5-year time horizon
– Positions will be mostly in large cap companies ($5bn+)
– Available as a segregated portfolio
– Available as a Fund (Irish domiciled ICVC, UCITS V compliant with daily liquidity)

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Veritas China Characteristics

– Long only strategy investing in the equity or equity related derivative contracts of companies located in China and companies located elsewhere but who gain the majority of their economics from China
– Objective/Aim is to protect and grow the real value of investors’ capital whilst exceeding the MSCI China index over rolling 5-year periods
– High conviction, 10-40 positions unconstrained by benchmark or index weightings
– Focus on quality companies in industries that show long term structural growth
– Emphasis on industry leaders or emerging leaders with durable competitive advantages
– China is a volatile market, valuation discipline is key
– Stock selection anchored by deep dive analysis of companies is crucial
– Positions will be mostly in large cap companies ($5bn+)
– Available as a Fund (Irish domiciled ICVC, UCITS V compliant with daily liquidity)

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