"Seeking the fountain of youth: Lindy's law and quality growth investing”
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Europe Compounders
THE 8TH WONDER OF THE WORLD?
COMPOUNDERS – THE POWER OF TIME AND QUALITY
Albert Einstein once described compounding as the eighth wonder of the world. The longer the investment horizon, the greater its effect. This also applies to equity returns when high-quality companies grow sustainably over the long term. As a Quality Growth investor, our approach has been guided for decades by the belief that time can work in an investor’s favour. When analysing quality companies for inclusion in our Comgest Compounders equity strategies, we seek:
WHAT ARE COMPOUNDERS EQUITIES?
Comgest’s Compounders Equity strategies − Europe, Global and Japan – are portfolios comprised of companies that demonstrate high visibility, consistency, longevity of growth and strong ESG credentials. This enables many to become industry leaders and dominant global players. Lindy’s Law explains an anti-ageing process for such companies — the longer they exist, the stronger they become to survive well into the future. This describes the longevity of companies we term "marathon runners", which form the bedrock of the returns we generate for our clients.
WISDOM AND SUCCESS COME WITH AGE
Past performance does not predict future returns.
Source: Comgest / FactSet financial data and analytics, unless otherwise stated. Data as of 31-Mar-2023 expressed in EUR. The MSCI Europe Large Cap, MSCI Europe Mid Cap and MSCI Europe Small Cap indices are used for comparative purposes only and the strategies do not seek to replicate the indices.
THE ADVANTAGES OF COMPOUNDERS STRATEGIES
MAIN RISKS
This strategy has the following core inherent risks (non-exhaustive list):
- Investing involves risk including possible loss of principal
- The value of all investments and the income derived therefrom can decrease as well as increase
- There is no assurance that the investment objective will be achieved
COMGEST TEAM APPROACH
EUROPEAN EXPERTS
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William Bohn
Analyst / PM
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Denis Callioni
Analystin / PM
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Laurent Dobler
Analyst / PM
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Eva Fornadi
Analystin / PM
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James Hanford
Analyst / PM
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Mehdi Huet
Analyst
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Pierre Lamelin
Analyst / PM
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Connor Middleton
Analyst
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Franz Weis
CIO - PM
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Alistair Wittet
Analyst / PM
ESG
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Petra Daroczi
ESG Analystin / PM
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Sébastien Thévoux-Chabuel
ESG Analyst / PM
AVERAGE INDUSTRY EXPERIENCE IS 17 YEARS
COMGEST COMPOUNDERS STRATEGIES AT A GLANCE
Interested in knowing more about investing in our European or Japanese Compounders equity strategies? Click below to discover which strategy is right for you.
Comgest Growth Europe Compounders
Comgest Growth Japan Compounders
WHAT ARE COMPOUNDERS EQUITIES?
Comgest’s Compounders Equity strategies − Europe, Global and Japan – are portfolios comprised of companies that demonstrate high visibility, consistency, longevity of growth and strong ESG credentials.
SEEKING THE FOUNTAIN OF YOUTH : LINDY'S LAW & QUALITY GROWTH INVESTING
Although ageing is a fact of life for people, some quality companies have spanned decades, if not centuries, and remain in their prime — or even stronger. Comgest's Wolfgang Fickus highlights Lindy's Law, which explains why these "marathon runners" get better with age, and why they're the bedrock for the compounding benefit captured in our quality growth portfolios.
Contact Details
Hannah Rosley
Investor Relations Manager
Tel: +44 77 8669 1831
Email: hrosley@comgest.com
Ian Lewis
HEAD OF INVESTOR RELATIONS
Tom Culhane
Investor Relations Manager
Tel: +44 78 1729 6522
Email: tculhane@comgest.com
