CapitalatWork

Our Approach

Global Investing today is more relevant than ever. The dramatic changes in the global economy over the last decade have fundamentally changed the balance in favour of developing economies. These countries have several long-lasting trends on their side such as demographics, natural resources, the rise of democracy, and finally the acceptance of capitalism as the economic role-model. Their advantages are often the mirror-view of the dynamics in the developed world. They experience low growth because of demographics, lack of natural resources, and pressure from low-cost countries.

The persistence of these trends over the last decade has completely changed the value proposition for the investor today. The healthy public finances, current account surpluses and low and stable inflation rates have created a much more stable environment for the investor in developing countries today.

We want our clients to benefit from these developments. We implement this in our portfolios through a mixed approach. On the one hand, you will find direct investments in emerging market bonds and in emerging equities. On the other hand we look for value in equities that are listed in mature markets, but that develop an increasing part of their business in emerging countries.