Global Core Equity Portfolio Construction
Risk Management
- Diversified portfolio, typically 30-40 securities, across sectors and areas of focus
- Monitor weights by:
- Economic sector
- Market capitalization
- Business geography
- Valuation
- Balance sheet strength
- Areas of focus
Sell Dicipline
- Disciplined buy process leads to disciplined sell process
- Valuation rises capitalizing future growth
— Trim or Sell
- Portfolio concentration due to success
— Trim
- Fundamental investment thesis invalidated
— Sell