US equities have significantly outperformed most asset classes over the past ten years and are, in most people's view, not looking cheap.
However, we are continuing to stumble across compellingly priced quality businesses across the US which we believe could be strong beneficiaries to our high conviction fund. We do not own any of the FAANG (Facebook, Amazon, Apple, Netflix and Google) stocks, and have not over the past ten years, as they have rarely presented value for us. As such, we often get asked how we have been able to keep up, and outperform the US market which has been so heavily driven by these high-growth tech businesses. Here we have proven that value, and attractive returns, can be found in plenty of sectors o...
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