Investment Letters
Onze beleggingsexperts delen de diepte-analyses die zij hebben gedaan voor de Comgest-strategieën
GEM Equities: Leaving No Stone Unturned
Beyond the numbers, Comgest believes conviction is built through firsthand research. In our latest GEM investment letter, Analysts and Portfolio Managers Abla Bellakhdar and Baijing Yu explore how the investment team engages directly with management, suppliers, clients and employees - aiming to leave no stone unturned in their search for the best quality growth companies in the emerging markets region.
JAPAN'S QUIET COMPOUNDERS: AN INVESTMENT CASE BUILT ON IKIGAI
At first glance, Japan looks like a difficult place to invest right now. However, Portfolio Manager Richard Kaye looks beyond the headlines to dive into another side of Japan: quietly resilient companies that we believe are well placed to grow regardless of the macro environment.
Is AI a threat to digital business models? Not quite
AI is reshaping the future of software services, but does it spell the end for data providers and digital business models? In this investment letter, Zak Smerczak, Analyst and Portfolio Manager, Global Equities, explains why Comgest believes software companies built on proprietary data and continuous innovation are difficult to replace.
Why attention matters in the age of distraction
Attention scarcity has reshaped both society and markets, eroding deep thinking and pushing investors toward shorter horizons, herd behaviour and concentration risk. In this investment letter, Franz Weis, Comgest’s Chief Investment Officer, argues for grounding long-term investments in company fundamentals, historical earnings and resilient moats.
Japan Equities - Paddling against the value current
The sharp depreciation of the Japanese yen has fuelled a rally in Japanese value stocks. Comgest has consistently warned that this value rally is underpinned by fragile, cyclical drivers that could quickly reverse. In this investment letter, we explain why we believe quality growth companies, supported by strong balance sheets and consistent earnings growth are better positioned to deliver sustainable outperformance.
GLOBAL EQUITIES: CULTIVATING A BALANCED GARDEN OF GROWTH
The AI boom has concentrated global equity markets in a few US tech giants, but as long-term investors Comgest focuses on building resilient, diversified portfolios through an unconstrained approach that targets quality growth across sectors and geographies.
