The last decade was an exceptional environment for growth investing. Waves of disruptive innovation swept through huge areas of the economy. Companies driving this change scaled at an unprecedented pace, dislodging incumbents and creating huge amounts of value for shareholders. However, the market environment which proved so supportive for these disruptive innovators has changed significantly. So what’s next?  The opportunity to benefit from investing in innovative companies has always been much broader than the headline-grabbing disruptors. Sustaining innovations can deepen and extend competitive advantage, while business model innovations can enable companies to grab market share, for instance. The presentation will explore the diversity of different sorts of innovation and how growth investors can benefit from these opportunities even in a very different market environment to the last decade.

 

Workshop objectives:

• How are the opportunities for growth investors evolving
• Redefining innovation to capture the full range of opportunities
• Will the big winners of the last decade continue their outperformance?

In today’s dynamic investment landscape, listed real assets are gaining prominence, driven by four mega trends. These trends are shaping the future of real estate investments: ageing population, generation rent, urbanisation, and digitalisation.
Ageing population: The UK’s demographic has shifted towards older populations which is driving demand for healthcare facilities, residential care, and GP surgeries.
Generation rent: This is the fastest growing mega trend in the UK real estate market, with strong rental growth. This has been evident amongst purpose-built student accommodation.
Urbanisation: As cities continue to grow, investments in commercial properties like offices are on this rise, fuelled by the concentration of economic activity in urban cities.
Digitalisation: We’re in the midst of the Fourth Industrial Revolution, with the digitalisation of society shaping how we live, work, and play.

Workshop Objectives: How do specialist, best-in-class REITs benefit from the four mega trends that are driving next generation real estate.

Company Profile: The Gravis approach to fund management is perfectly depicted by the company’s tortoise logo: slow, steady, and consistent. We specialise in Funds that do something a little different, providing investors with exposure to the more stable and predictable side of many of today’s exciting themes, resulting in reliable, long-term income from alternative sectors.

The value style has significantly outperformed the growth style for close to a century. Over the past 15 years, however, value has markedly underperformed growth strategies. This, as central banks unleashed wave upon wave of unconventional monetary policies to fight deflation. As a result, many value managers have seen their AUM dwindle and some even closed their businesses. Many believed that value’s obituary has been written. Now though, structurally higher inflation has forced central banks to raise rates and unwind their balance sheets. With cost of capital, once again, becoming critical in capital allocation decisions, value’s resurrection might be in the offing.

Integrity Asset Management employs a true value investment philosophy, despite relentless pressure over the years from the market to deviate. Our solutions are well-placed to benefit investors against this backdrop

Workshop Objectives:

• To place the value style and its performance progression against the growth style over the past century in the correct perspective.
•  Introduce Integrity Asset Management as a true value manager and true boutique to attendees.
•  Offer insight into Integrity Asset Management’s investment thinking and solutions.
  

Company Profile: Integrity Asset Management is an owner managed, boutique asset management company specialising in unique, tailor-made solutions for private and institutional clients. As such, we invest in long-term relationships with our clients through exceptional, personalised service and long-term value creation.
Our investment team follows a value investment philosophy and process to identify undervalued assets with above-average risk-adjusted return prospects. Cognisance is also taken of worldwide economic, sector and investment trends to tilt the portfolio towards attractive sectors and companies.
Integrity is a concept of consistency of actions, values, methods, measures, principles, expectations and outcomes. We believe that integrity should be integral to one’s actions both in the business world and life in general.

The benefits of marginal gains have been used in sport for years. Our philosophy is to use marginal gains in the fixed income markets to drive similarly successful outcomes and consistent outperformance. We will describe how portfolio optimisation helps navigate changing market environments.

Workshop Objective: We aim to provide a useful insight into current macro trends within the Fixed Income markets and how our process helps us overcome these challenges.

Company Profile: Premier Miton is a genuinely active investment manager offering a range of funds and investment trusts, as well as a portfolio management service, covering equity, fixed income, multi asset and absolute return investment strategies.  

Our clients’ investments with us are actively managed by our different specialist investment teams, who are empowered to employ their own proven and distinctive investment approaches; with the aim of generating good investment outcomes.  In total we are responsible for $11.96bn of client assets under management (as of 30 Sep 2023), split across 14 differentiated investment teams managing 47 distinct investment products (as of 30 Sep 2023).

After its toughest decade in history, many questioned whether value investing was still alive. After a more prolonged period of performance, Ben Arnold discusses if we are returning to a heyday for cheap stocks. We also discuss how you can implement a style which started in the 1920s while employing a state-of-the-art bottom-up investment process harnessing 21st century data science over and above the value premium. 
 
Workshop objective: To understand the history of value investing performance, what has driven its recent resurgence and how a bottom-up investment process rooted in fundamental analysis can harness big data to deliver better investment outcomes