Posted on :
3 Nov, 2015
3 Nov, 2015
Coronation has a single investment philosophy on which all products are managed. Our investment philosophy is deeply ingrained in the Coronation culture.
We are a long-term, valuation-driven investment house that aims to identify mispriced assets trading at discounts to their long-term business value (fair value).
Our focus is on through-the cycle, normalised earnings and/or cash flow.
Our process is bottom-up with a disciplined evaluation of company fair value based on extensive fundamental research.
Our Africa portfolios are managed on a clean-slate basis.
As such, we do not use indices as a starting point for building a portfolio, preferring to rely on valuation discipline and diversification.
Our emphasis is on stock selection rather than top down geographic allocation or macro themes.
We are comfortable taking decisive positions away from the benchmark, these positions being underpinned by convictions from our proprietary analysis.
We are a client-centric business that looks for great talent. In responding to the diverse investment needs of our clients, we believe the more outstanding and diverse our people, the greater is our competitive advantage and joint success.We seek to employ exceptional individuals who are performance driven and passionate about what they do.
Coronation operates in Cape Town, Johannesburg, Pretoria, Durban, Gaborone, Mbabane, Namibia, Dublin and London.