Investment Approach
Spencer Financial Services investment approach

Investment Philosophy

The Spencer Financial Services investment philosophy supports the view that investment markets are semi-efficient and as a consequence gives rise to the opportunity of exploiting inefficiencies in the market by way of the investment process.

Investment Objective

At Spencer Financial Services, our investment objective is to deliver inflation-beating returns and capital appreciation over the long-term, while concurrently focusing on managing risk.

Investment Process

At Spencer Financial Services, we employ a comprehensive, well-structured investment process which maintains that no investment will be made prior to a thorough analysis of the risk and return potential of such investment.

Accordingly, the starting point of our investment process is to establish a risk profile, which consists of a detailed description of its investment return potential, investment risk and the term of the investment, and is strictly adhered to throughout the investment process. The portfolio manager aims to obtain the maximum return per unit of risk by exploiting inefficiencies in the market behavior of specific assets. With the intent of minimizing the risk exposure of each portfolio, risk is handled conservatively at all times.

Subsequently, while keeping the risk budget in mind, the available asset classes are researched to assess their investment merits. The investment process in its entirety is driven by macro and bottom-up views that are consolidated to drive asset allocation and stock selection.