Upload
gabriella-copeland
View
214
Download
0
Tags:
Embed Size (px)
Citation preview
Alliance Trust PLCEquity portfolio
Ilario Di BonHead of Equities
3 May 2013
Alliance Trust – key features
• Unconstrained approach – investing wherever the best opportunities are available
• High conviction – maximum impact of team’s insights
• Long-term horizon – fundamental analysis supported by thematic framework and emphasis on sustainability
• Combination of capital growth and income
Alliance Trust – unconstrained approach
Alliance Trust – idea generation
Structural themes and sustainability underpin fundamental stock selection
Idea generation – investment themes
Ideas – sustainable transportation
Source: BorgWarner
Ideas – Hyundai Mobis (sustainable transportation)
Ideas – BorgWarner (sustainable transportation)
Ideas – personalised medicine
Source: National Human Genome Research Institute
Ideas – Roche (personalised medicine)
Drugs that target specific genetic mutations
•Increase the probability of success
•Reduce development times
•Require smaller trials
•Reduce overall drug costs for payers
53% of non small cell lung cancer patients have a genetic mutation driving their cancer
Ideas – Asian automation
China’s population is ageing
Ideas – Fanuc (Asian automation)
Fanuc enables China’s opportunity to improve efficiency and move up the value chain
Equity portfolio performance
Source: FactSet
Important information
• Whilst considerable care has been taken in compiling the content of this presentation, no representation or warranty, expressed or implied, is made by Alliance Trust PLC as to its accuracy or completeness.
• The value of investments and the income from them may go down as well as up and are not guaranteed. The original amount invested may not be returned.
• Any examples are for illustration purposes only, the figures are not guaranteed and should not be relied on.
• Past performance is not a guide to future performance.
• Further information is available on our website www.alliancetrust.co.uk
• All figures and graphs are sourced at Alliance Trust PLC unless otherwise stated.
• Nothing said or covered by the presentation today should be construed as being an inducement or invitation in investment activity. No advice is given by Alliance Trust PLC.