Our Investment Process
We apply various screening criteria to the different stock markets around Africa, paying particular attention to liquidity and size and we then select stocks from the resultant pool of stocks for inclusion in the portfolio.
Our selection process focuses on two sources of alpha, namely stock selection and the impact of currency movements. Our investment process acknowledges that gains achieved from stock selection can be offset by currency movements. Our approach, therefore, combines a bottom up stock selection process with a top down analysis of macro-economic factors in order to manage the currency impact. Still, a large proportion of the anticipated outperformance by the Rudiarius team will typically be the result of stock selection.