About Aubrey
Investment Approach
Investment Philosophy
Aubrey is a high-conviction, benchmark agnostic, investment manager. We believe that the best returns are to be found in high-quality, profitable, low-debt businesses which will benefit from industry growth and market share gains. The investment focus is therefore on growth and our portfolios are comprised of companies from which we would normally expect earnings growth of at least 15% per annum, underpinned by strong, internally generated cash flow.
Aubrey prioritises countries where economic growth is high, incomes are improving, and which enjoy a stable or business friendly political environment. There are predictable phases of behaviour which people go through as incomes rise and their needs and aspirations become more sophisticated. This highlights investment trends globally, allowing Aubrey to identify growth opportunities at an early stage.
Research
Our research approach is a combination of direct meetings with companies and our own proprietary analysis. We make use of specialist research brokers in different markets, with whom we have typically had long term relationships, but their material is supportive and never dominant over our own financial analysis. Our integrated analysis of Profit & Loss, Balance Sheet and Cash Flow Statements is, we believe, extremely distinctive and has proved consistently effective in helping us avoid problematic investments, through its key emphasis on cash flow sufficiency through the business cycle.
Our Strategies
Aubrey Global Emerging Markets Strategy
The Aubrey Global Emerging Markets Strategy focus on rapidly growing sectors in countries with political and economic backdrops conducive to income growth.
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Aubrey Defensive Income Strategy
Aubrey Defensive Income is a diversified, macro-driven strategy that aims to provide a yield of more than 3% with compounding income and growth in capital value over the medium term.
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Aubrey Global Conviction Strategy
The Aubrey Global Conviction Strategy invests in growth stocks worldwide in a concentrated and index agnostic fashion, with the aim of achieving capital appreciation.
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