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.

1984 $31.9bn New York 74
 

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

8 funds found

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Vontobel Fund - Asia Pacific Equity

Quality Growth Boutique Asia Pacific Equities

View 9 share classes Hide share classes
Share class Currency ISIN Valor NAV YTD As at
A USD LU0084450369 634792 532.02 8.49% Oct 21 2020
AN USD LU1683484288 38261468 127.03 9.23% Oct 21 2020
B USD LU0084408755 634794 617.96 8.49% Oct 21 2020
C USD LU0137007026 1301471 249.50 7.97% Oct 21 2020
H (hedged) EUR LU0218912409 2143010 212.62 6.97% Oct 21 2020
HI (hedged) EUR LU0368556733 4289822 175.86 7.82% Oct 21 2020
HN (hedged) EUR LU1683484106 38261467 117.86 7.65% Oct 21 2020
I USD LU0278091540 2870646 236.19 9.39% Oct 21 2020
N USD LU0923573769 21256887 173.74 9.22% Oct 21 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 706.07 2.86% Oct 20 2020
AHI (hedged) EUR LU0858753618 20093377 109.46 2.17% Oct 20 2020
AN USD LU1233654372 28256244 117.45 3.59% Oct 20 2020
AX CHF LU2086609422 51279925 96.40 - Oct 20 2020
B USD LU0040507039 618763 860.78 2.86% Oct 20 2020
C USD LU0137006218 1301503 224.35 2.37% Oct 20 2020
G GBP LU0863298914 20189827 167.22 6.25% Oct 20 2020
H (hedged) EUR LU0218912235 2143009 210.68 1.30% Oct 20 2020
H (hedged) CHF LU0469618119 10765166 109.33 1.13% Oct 20 2020
HC (hedged) EUR LU0333249109 3813691 188.04 0.83% Oct 20 2020
HI (hedged) EUR LU0368556220 4289807 140.58 2.25% Oct 20 2020
HI (hedged) CHF LU0469618382 10765176 134.69 2.02% Oct 20 2020
HN (hedged) GBP LU1179464281 26915669 117.30 2.12% Oct 20 2020
HN (hedged) CHF LU1683486069 38261775 99.81 1.93% Oct 20 2020
HN (hedged) EUR LU1179463556 26913860 112.84 2.03% Oct 20 2020
HS (hedged) CHF LU0773616858 18423570 138.70 2.63% Oct 20 2020
I GBP LU0787641983 18667507 179.04 6.04% Oct 20 2020
I USD LU0278093082 2870698 219.32 3.76% Oct 20 2020
N USD LU0858753535 20093248 130.98 3.58% Oct 20 2020
S USD LU0209301448 2035840 433.04 4.38% Oct 20 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% Oct 20 2020
AN EUR LU1683482662 38261686 111.14 - Oct 20 2020
B EUR LU0153585137 1473236 328.16 -0.67% Oct 20 2020
C EUR LU0153585210 1473239 224.83 -1.15% Oct 20 2020
G EUR LU1506585600 34306539 130.38 0.40% Oct 20 2020
I EUR LU0278085062 2870656 186.14 0.13% Oct 20 2020
N EUR LU1683480294 38261406 114.03 - Oct 20 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 347.44 9.63% Oct 20 2020
AI EUR LU1121575069 25693957 206.26 4.87% Oct 20 2020
AN USD LU1683485921 38261765 139.58 10.37% Oct 20 2020
B SEK LU0979498168 22522410 270.46 2.49% Oct 20 2020
B USD LU0218910536 2140207 362.89 9.63% Oct 20 2020
C USD LU0218910965 2140211 339.53 9.10% Oct 20 2020
G USD LU1489322047 33901045 171.72 10.72% Oct 20 2020
H (hedged) SEK LU0971939599 22340335 178.82 7.56% Oct 20 2020
H (hedged) EUR LU0218911690 2140210 180.93 7.88% Oct 20 2020
HC (hedged) EUR LU0333249364 3813702 296.26 7.33% Oct 20 2020
HI (hedged) EUR LU0368555768 4289761 214.52 8.70% Oct 20 2020
HN (hedged) EUR LU1550202458 35324119 151.69 8.61% Oct 20 2020
HS (hedged) CHF LU2090086880 51360787 108.98 - Oct 20 2020
I GBP LU0824095136 19381737 300.63 12.95% Oct 20 2020
I USD LU0278093595 2870708 284.83 10.52% Oct 20 2020
N USD LU0858753451 20093228 233.79 10.36% Oct 20 2020
S USD LU0571091494 12235870 277.66 11.22% Oct 20 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 218.04 -4.78% Oct 20 2020
AN USD LU1683489592 38261396 104.12 -4.07% Oct 20 2020
AQ Gross USD LU1651442953 37575134 105.33 -4.76% Oct 20 2020
AQN Gross USD LU1651443092 37575139 108.56 -4.07% Oct 20 2020
B USD LU0129603360 1222595 268.18 -4.78% Oct 20 2020
H (hedged) EUR LU0219097184 2143917 132.13 -6.41% Oct 20 2020
HI (hedged) EUR LU0368556063 4289795 111.76 -5.78% Oct 20 2020
HN (hedged) EUR LU1683489675 38261403 95.75 -5.72% Oct 20 2020
I USD LU0278093322 2870705 130.57 -4.13% Oct 20 2020
N USD LU1683481771 38261773 105.69 -4.16% Oct 20 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 120.44 10.57% Oct 20 2020
I USD LU1900071629 44562447 121.77 11.41% Oct 20 2020
N EUR LU1925043769 45492350 114.12 5.65% Oct 20 2020
S USD LU2014334366 48459310 122.86 12.07% Oct 20 2020
Vontobel Fund II - KAR US Small-Mid Cap

Quality Growth Boutique US Equities

View 4 share classes Hide share classes
Share class Currency ISIN Valor NAV YTD As at
B USD LU2167912232 54602184 113.56 - Oct 20 2020
E USD LU2167912315 54602191 113.99 - Oct 20 2020
I USD LU2167911937 54602176 113.87 - Oct 20 2020
N USD LU2167912158 54602182 113.82 - Oct 20 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 1318.07 5.59% Oct 20 2020
AI USD LU1506584975 34305866 178.61 6.45% Oct 20 2020
AN USD LU1683485764 38261795 145.84 6.30% Oct 20 2020
ANG USD LU1550199050 35323704 168.03 6.69% Oct 20 2020
B USD LU0035765741 607574 1647.77 5.59% Oct 20 2020
C USD LU0137005913 1301480 402.06 5.08% Oct 20 2020
G USD LU1428951294 32785796 188.22 6.73% Oct 20 2020
H (hedged) EUR LU0218912151 2143008 270.82 4.16% Oct 20 2020
HI (hedged) EUR LU0368557038 4289839 339.17 4.91% Oct 20 2020
HI (hedged) CHF LU0469626211 10768533 166.36 4.63% Oct 20 2020
HN (hedged) EUR LU1683485848 38261806 134.71 4.68% Oct 20 2020
I USD LU0278092605 2870679 340.51 6.45% Oct 20 2020
N USD LU0897674072 20820028 261.38 6.30% Oct 20 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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Insights

Quality Growth Boutique
2018-06-06_mp_china-a-shares_teaser
Market Update
Emerging Markets

Time’s up for US-listed Chinese companies

The ongoing trade war and eroding U.S.-China relationship have been a catalyst for making it less attractive for Chinese companies to seek a public listing in the United States. The Chinese government is finally making good on promises to open up domestic markets to foreign investors. Additionally, Hong Kong and China are taking steps to make local listings more attractive, especially to high-tech start-ups.

Read more