Our Focused Value Strategy provides exposure to the mid and large capitalization segment of the value equity market through a fundamental, contrarian, bottom-up investment process.
Aims to provide long-term capital appreciation through a concentrated portfolio of value equity securities.
Why This Strategy?
Led by the Snow investment team who have an average of over 19 years’ experience in the value equity space.
The concentrated portfolio of 18 to 24 stocks represents the team’s highest conviction ideas. Consists of our best large and mid-cap value investment ideas.
Investment philosophy that is consistent with modern behavioral finance research and aims to take advantage of investor overreactions to negative surprises.
Fundamental research process focuses on identifying out-of-favor stocks that are in sound financial condition and should experience an upward rerating in their P/E ratio with a positive shift in investor sentiment.
The Snow Focused Value strategy outpaced the benchmark by 98 basis points during the quarter, returning 13.40% gross of fees (13.14% net of fees), while the Russell 1000 Value index gained 12.42%. For the year, the strategy outperformed by 643 basis points, returning -1.11% gross of fees (-2.04% net of fees), as the Russell 1000 Value declined -7.54%.