Quality Growth Boutique

Global equity specialists since 1984

Active, high-conviction investors

Our goal is to deliver to our clients long-term performance driven by stable, high-quality underlying earnings growth, paid for at sensible prices. To achieve this, we seek to invest in companies with market leading positions and powerful franchises. Our investment team has consistently followed this approach for more than 30 years.

In making our investment decisions, we undertake deep, company-by-company research that enables us to bring a clarity of understanding to the long-term market opportunity, susceptibility to competition, management strength and exposure to ESG risk. This is vital to maintain conviction through the bumps and bad headlines over time. Our return goal is built on providing absolute returns that beat the benchmark while exposing our investors to less risk through the economic cycle.

We actively manage our portfolios and are benchmark-agnostic.

As a fiduciary, we put our investors' interests above our own, making every effort to be a partner who understands our clients' needs and objectives.

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Quality Growth Businesses

Seek to identify highly-profitable companies with consistent earnings growth, stable franchises and solid fundamentals. Global growth companies that perform well during economic expansions and tend to be resilient in difficult market environments.

 

ESG Integrated

Sustainability is a core strength required by long-term investors. Management choices towards the company’s stakeholders and the environment can have significant impact on a business. We engage managements on ESG issues.

 

Independent View

As bottom-up investors, a benchmark does not influence where we invest – but we are cognizant of how our portfolios compare to the broader universe.

 

Long-term Focus

Aim to compound earnings at a higher rate than the market over a full market cycle, with lower volatility.

 

Sensible Price

A conservative measure of value, with a margin of safety built into the earnings forecast.

 

Downside Protection

We strive to position our portfolios to participate in rising markets, but also protect capital in difficult market conditions. We believe that minimizing losses during market downturns has been the key to compounding client returns.

Our people

Our research team is skilled and experienced. Passionate about bottom-up, fundamental research, our team thinks and invests like business owners. This means they naturally deviate from consensus views and benchmark weights.

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Our long team tenure is particularly valuable given our approach – we build concentrated portfolios with low turnover from year to year. Having worked together, on average, for more than a decade, our team develops a deep understanding of the businesses they cover over time. And our investigative analysts dig deeper to help quantify risk and encourage debate.

Our Management Team

Our management team, together with the Board of Directors, develops the company's business strategy.

Our Portfolio Managers

First and foremost, our portfolio managers conduct bottom-up, intensive stock research. They collaborate with research analysts and traders on valuations and sizing of positions. Ultimately, portfolio managers make all final decisions regarding purchases and sales.

Our Client Portfolio Managers

Experts on both the markets and Vontobel's strategies, Client Portfolio Managers (CPMs) serve as the client's window to portfolio managers and research analysts. They are responsible for communicating the firm’s philosophy, process, performance, portfolio positioning and risk management.

Our Research Analysts

Research analysts generate the best investment ideas in their individual sectors across the globe, by analyzing, among other metrics, a company's past performance, underlying business model, accounting issues, management track record, and ability to sustain earnings growth.

Our Traders

Our dedicated trading desk spends 100% of their time handling the execution and implementation of our portfolio managers' buy/sell decisions. The trading desk is located in New York City, and runs 24 hours a day to encompass all global markets and address all trading requirements in real time.

Our offering

7 funds found

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Vontobel Fund - Asia Pacific Equity

Quality Growth Boutique Asia Pacific Equities

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Share class Currency ISIN Valor NAV YTD As at
A USD LU0084450369 634792 506.11 3.21% Aug 14 2020
AN USD LU1683484288 38261468 120.66 3.75% Aug 14 2020
B USD LU0084408755 634794 587.87 3.21% Aug 14 2020
C USD LU0137007026 1301471 237.62 2.83% Aug 14 2020
H (hedged) EUR LU0218912409 2143010 202.55 1.90% Aug 14 2020
HI (hedged) EUR LU0368556733 4289822 167.23 2.53% Aug 14 2020
HN (hedged) EUR LU1683484106 38261467 112.10 2.39% Aug 14 2020
I USD LU0278091540 2870646 224.26 3.87% Aug 14 2020
N USD LU0923573769 21256887 165.03 3.75% Aug 14 2020
Vontobel Fund - Emerging Markets Equity

Quality Growth Boutique Emerging Markets Equities

View 20 share classes Hide share classes
Share class Currency ISIN Valor NAV YTD As at
A USD LU0040506734 618762 674.59 -1.72% Aug 13 2020
AHI (hedged) EUR LU0858753618 20093377 104.61 -2.36% Aug 13 2020
AN USD LU1233654372 28256244 112.00 -1.22% Aug 13 2020
AX CHF LU2086609422 51279925 92.20 - Aug 13 2020
B USD LU0040507039 618763 822.40 -1.73% Aug 13 2020
C USD LU0137006218 1301503 214.58 -2.09% Aug 13 2020
G GBP LU0863298914 20189827 157.77 0.24% Aug 13 2020
H (hedged) EUR LU0218912235 2143009 201.74 -3.00% Aug 13 2020
H (hedged) CHF LU0469618119 10765166 104.76 -3.10% Aug 13 2020
HC (hedged) EUR LU0333249109 3813691 180.26 -3.35% Aug 13 2020
HI (hedged) EUR LU0368556220 4289807 134.31 -2.31% Aug 13 2020
HI (hedged) CHF LU0469618382 10765176 128.80 -2.44% Aug 13 2020
HN (hedged) GBP LU1179464281 26915669 112.05 -2.45% Aug 13 2020
HN (hedged) CHF LU1683486069 38261775 95.45 -2.52% Aug 13 2020
HN (hedged) EUR LU1179463556 26913860 107.85 -2.48% Aug 13 2020
HS (hedged) CHF LU0773616858 18423570 132.45 -2.00% Aug 13 2020
I GBP LU0787641983 18667507 168.99 0.09% Aug 13 2020
I USD LU0278093082 2870698 209.12 -1.06% Aug 13 2020
N USD LU0858753535 20093248 124.91 -1.22% Aug 13 2020
S USD LU0209301448 2035840 412.33 -0.61% Aug 13 2020
Vontobel Fund - European Equity

Quality Growth Boutique European Equities

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Share class Currency ISIN Valor NAV YTD As at
A EUR LU0153585053 1473234 295.49 -0.67% Aug 13 2020
AN EUR LU1683482662 38261686 110.97 -0.15% Aug 13 2020
B EUR LU0153585137 1473236 328.16 -0.67% Aug 13 2020
C EUR LU0153585210 1473239 225.08 -1.04% Aug 13 2020
G EUR LU1506585600 34306539 130.06 0.15% Aug 13 2020
I EUR LU0278085062 2870656 185.80 -0.05% Aug 13 2020
N EUR LU1683480294 38261406 113.85 -0.16% Aug 13 2020
Vontobel Fund - Global Equity

Quality Growth Boutique Global Equities

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Share class Currency ISIN Valor NAV YTD As at
A USD LU0218910023 2140205 338.29 6.74% Aug 13 2020
AI EUR LU1121575069 25693957 200.33 1.85% Aug 13 2020
AN USD LU1683485921 38261765 135.69 7.29% Aug 13 2020
B SEK LU0979498168 22522410 260.95 -1.11% Aug 13 2020
B USD LU0218910536 2140207 353.33 6.74% Aug 13 2020
C USD LU0218910965 2140211 330.96 6.35% Aug 13 2020
G USD LU1489322047 33901045 166.82 7.56% Aug 13 2020
H (hedged) SEK LU0971939599 22340335 174.49 4.96% Aug 13 2020
H (hedged) EUR LU0218911690 2140210 176.56 5.28% Aug 13 2020
HC (hedged) EUR LU0333249364 3813702 289.45 4.86% Aug 13 2020
HI (hedged) EUR LU0368555768 4289761 208.96 5.88% Aug 13 2020
HN (hedged) EUR LU1550202458 35324119 147.82 5.84% Aug 13 2020
HS (hedged) CHF LU2090086880 51360787 106.09 - Aug 13 2020
I GBP LU0824095136 19381737 289.22 8.66% Aug 13 2020
I USD LU0278093595 2870708 276.81 7.41% Aug 13 2020
N USD LU0858753451 20093228 227.29 7.29% Aug 13 2020
S USD LU0571091494 12235870 269.45 7.94% Aug 13 2020
Vontobel Fund - Global Equity Income

Quality Growth Boutique Global Equities

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Share class Currency ISIN Valor NAV YTD As at
A Gross USD LU0129603287 1222584 218.26 -4.68% Aug 13 2020
AN USD LU1683489592 38261396 104.04 -4.15% Aug 13 2020
AQ Gross USD LU1651442953 37575134 105.43 -4.67% Aug 13 2020
AQN Gross USD LU1651443092 37575139 108.47 -4.15% Aug 13 2020
B USD LU0129603360 1222595 268.45 -4.68% Aug 13 2020
H (hedged) EUR LU0219097184 2143917 132.65 -6.04% Aug 13 2020
HI (hedged) EUR LU0368556063 4289795 112.02 -5.56% Aug 13 2020
HN (hedged) EUR LU1683489675 38261403 95.93 -5.54% Aug 13 2020
I USD LU0278093322 2870705 130.50 -4.19% Aug 13 2020
N USD LU1683481771 38261773 105.64 -4.21% Aug 13 2020
Vontobel Fund - Global Equity X

Quality Growth Boutique Global Equities

View 4 share classes Hide share classes
Share class Currency ISIN Valor NAV YTD As at
B USD LU1900071892 44562457 117.21 7.60% Aug 13 2020
I USD LU1900071629 44562447 118.30 8.23% Aug 13 2020
N EUR LU1925043769 45492350 110.82 2.59% Aug 13 2020
S USD LU2014334366 48459310 119.19 8.72% Aug 13 2020
Vontobel Fund - US Equity

Quality Growth Boutique US Equities

View 13 share classes Hide share classes
Share class Currency ISIN Valor NAV YTD As at
A USD LU0035763456 607575 1294.78 3.73% Aug 13 2020
AI USD LU1506584975 34305866 175.12 4.37% Aug 13 2020
AN USD LU1683485764 38261795 143.04 4.26% Aug 13 2020
ANG USD LU1550199050 35323704 164.67 4.56% Aug 13 2020
B USD LU0035765741 607574 1618.67 3.73% Aug 13 2020
C USD LU0137005913 1301480 395.40 3.34% Aug 13 2020
G USD LU1428951294 32785796 184.44 4.59% Aug 13 2020
H (hedged) EUR LU0218912151 2143008 266.57 2.52% Aug 13 2020
HI (hedged) EUR LU0368557038 4289839 333.21 3.07% Aug 13 2020
HI (hedged) CHF LU0469626211 10768533 163.61 2.90% Aug 13 2020
HN (hedged) EUR LU1683485848 38261806 132.43 2.91% Aug 13 2020
I USD LU0278092605 2870679 333.87 4.38% Aug 13 2020
N USD LU0897674072 20820028 256.37 4.26% Aug 13 2020

Our philosophy

We believe that the earnings growth of an underlying business will ultimately be reflected in its stock price. Since genuine high quality businesses are scarce, our research team focuses on identifying those names that we believe can sustain superior earnings growth longer and are underappreciated by the markets. We believe that we can take advantage of this long-tail growth effect and add value for our clients by carefully constructing a portfolio of these types of businesses.

This belief system drives our bottom-up approach. Without the constraint of a benchmark, we start with a universe of investable names that meet our quality criteria. After rigorous research, we then consider the quality companies that, in our opinion, trade at attractive valuations for inclusion into our portfolios. This is a select group of companies, and, as a result, our portfolios are quite concentrated. By adhering to this investment approach, we seek to protect our clients’ assets in declining markets, while growing their assets in rising markets, thus driving superior long-term risk-adjusted returns.

Our process

Our portfolios are built from the bottom-up, company by company. We consistently apply the same disciplined approach across all strategies.

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“At Vontobel, our primary focus has always been on absolute risk. Our risk management approach is embedded in our investment process and is based on a common sense view that risk primarily lies in the underlying businesses in which we invest. We further control risk by meaningfully diversifying the earnings streams of our holdings.”

Igor Krutov, Director of Research

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