Renaissance Investment Managers

Growth biased. Focused on investing into Quality business that can deliver sustainable high growth over medium term to long term. Be selective in cyclical businesses. The firm follows its proprietary framework, Sustainable Quality Growth At Reasonable Price (SQGARP). Sustainable: Companies with sustainable and durable business models. Quality: Superior quality businesses, demonstrated by their competitive edge, pricing power, ROE and FCF, are led by good quality and competent management teams. Growth: Business that can deliver superior growth over medium to long term. Price: Ability to invest at reasonable valuations. Fair value approach to valuations. Focus on economic value of business. The investment process is a fine-tuned repeatable process. Investment Universe: Identify companies with sustainable earnings growth potential, credible management and long-term growth prospects. Company Research: Analyze fundamentals of the company and industry to assess attractive segments within the firm's universe. Stock Selection: Portfolio is constructed bottom-up based on careful analysis and taking advantage of volatility, crisis, or unusual circumstances. Portfolio Management: Ensure effective governance, active involvement and timely intervention to meet investment objectives. Risk management: The fund managers will strive to manage quality risk, price risk, management risk, event risk, financial risk, mortality risk and volatility risk.