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INVESTOR PROFILE

Comgest is an independent, international asset management group which, since its creation in 1985, has pursued a long-term ‘Quality Growth’ and responsible investment style. 

Comgest serves investors who share its long-term investment horizon around the world

For the past 35 years, we have relentlessly focused on a single objective of delivering growth portfolios to our investors

Investment STRATEGY

We are selective and disciplined, focused on sustainable, long-term growth.

Our ValueS

Comgest's foundations are built on our enduring partnership culture. We believe having skin in the game aligns our interests, responsibilities, risks and rewards with those of our clients. 

ESG

Environmental, social and governance criteria are integrated into our bottom-up analysis and our investment process.

OUR THINKING

RESEARCH & ANALYSIS ARE the cornerstone of OUR INVESTMENT PROCESS

Artificial Intelligence: with great power comes great responsibility

Digitalisation, cloud computing, and AI are driving global data centre expansion. Big tech companies need more computing power for their AI services, increasing data centre infrastructure and environmental impact. In this investment letter, Comgest ESG Analyst Liudmila Strakondonskaya emphasises the need for effective governance and decision-making to balance AI growth with ESG considerations.

Equities: Why Valuation Alone Won’t Drive Long-Term Success

Is a stock at 12x earnings really a bargain? Not necessarily. In this thought-provoking piece, Comgest CIO and Portfolio Manager Franz Weis challenges the conventional wisdom around valuation metrics. He explains why long-term success comes from quality growth and earnings visibility — not chasing cheap-looking stocks. Discover how avoiding the “value trap” is central to Comgest’s Quality Growth investment philosophy.

GLOBAL EQUITIES: AI’s gold rush: Unearthing the nuggets of Quality Growth

Over the past two years, the AI "Gold Rush" has led to the MSCI World Index becoming concentrated in just a handful of AI-related stocks. In this investment letter, Comgest’s Global Equity team explains why we typically focus on AI infrastructure companies with high barriers to entry and strong pricing power, while avoiding early-stage AI models and software due to intense competition and potential commoditisation.

Our comgest

Our Team

We think, act and invest globally

An independent group with a single focus on equities.

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OUR FUNDS

QUALITY GROWTH, UNCONSTRAINED

We remain focused on a concentrated number of quality growth companies.

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Comgest

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The website may contain information on investment products that are not authorized by the Securities and Futures Commission for sale to the public in Hong Kong and may only be viewed by Hong Kong investors who are Institutional Professional Investors or Corporate Professional Investors. Any product documents and information contained herein are intended for Institutional Professional Investors or Corporate Professional Investors only. They are for reference only and for those persons or entities in any jurisdiction or country where the information in this document and use thereof is not contrary to local law or regulation. They are only for the intended recipients and shall not be reproduced in any form or transmitted to any other third parties.

Investment involves risks. Past performance is not necessarily a guide to future performance. The value of investments and the income from them may go down as well as up.

Please note that www.comgest.com is the Comgest group’s only official website and it has not been reviewed or approved by the Securities and Futures Commission in Hong Kong. This site is not intended for citizens or residents of the United States of America or for any “U.S. Person” as this term is defined in SEC Regulation S under the U.S. Securities Act of 1933.

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