| Key Tenets of Our Philosophy |
1) Preservation of capital
2) Fundamental equity research
3) Value – acquire “Great Companies at Great Prices” |
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The Doherty Philosophy is based on a disciplined investment process, focused on
preserving capital and is dedicated to achieving each client’s long-term goals. |
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| Great Companies at Great Prices – Equities |
We believe that financially strong companies with talented management teams and
desirable market positions provide the best opportunity for stable long-term growth
throughout variable market conditions. |
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| Great Companies |
Great Prices |
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Market leaders |
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Low price-to-earnings ratios |
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Strong balance sheet |
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Discount to intrinsic value |
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Excellent profitability |
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Proven management team |
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| Great Companies at Great Prices – Fixed Income |
We manage fixed income portfolios using our “Great Companies at Great Prices” investment
approach to identify and invest in undervalued bonds without sacrificing credit quality. |
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1) Philosophy
We believe fixed income is an important part of a client’s investment portfolio. Our primary objective for this asset class is the preservation of capital, while providing additional income. We build high-quality bond portfolios that manage interest rate risk by staggering maturities over different periods of time.
2) Invest in Corporate and Government Issues
We add value by utilizing a disciplined credit risk process. Our intention is to hold bonds to maturity to realize the value associated with credit spread opportunities in the market. Issuer spreads, external credit ratings and current affairs are monitored regularly ensuring that the portfolio holdings are suitable.
3) Risk Management
Our strategy remains unbiased to interest rate expectations and reduces risks that may be associated with interest rate forecasting. We do not buy bonds with a rating of BBB or lower, based on our view that these issues present a higher level of risk than we like to assume for our clients. |
