Investment Process

Quality companies

Eight factor 'Quality Lens' assessment

Attractive valuations

Exploit mispriced opportunities

Concentrated but diversified

Typically 25-45 holdings

Active

High active share

The Tura Capital investment team are fundamental, long-only investors, focused on quality global small and mid cap companies (SMID). Quality companies are well placed to deliver strong investment returns through economic cycles. A concentrated portfolio of quality companies enhances the opportunity for outperformance.

Investment Philosophy

Beliefs

Active management is critical in global small and mid cap companies (SMID)
Quality businesses generate higher return on invested capital (ROIC) which can be reinvested to drive sustainable growth
Quality businesses outperform through the cycle, but the purchase price matters
ESG contributes to a company’s quality characteristics
Portfolio risk management is crucial

Quality defined

Superior industry structure
Sustainable and/or increasing competitive advantage
Low earnings risk
Low ESG risk

ESG Risk reflects ranking of ISS Performance Scores within Tura Capital’s investment universe.

Sustainable Quality

De-rated Quality

Improving Quality

Tura Capital's transparent investment process

The Tura Capital investment process has been designed to be disciplined and transparent.

It utilises a proprietary process to screen the large universe of global small and mid cap companies for quality characteristics.

The Tura Capital team then prioritise the highest quality opportunities for deep dive fundamental research.

The outcome is a concentrated portfolio of typically 25 to 45 high quality companies trading at reasonable valuations.

Tura Capital’s transparent investment process

Quality Lens

Tura Capital’s company research process is structured around our proprietary Tura Capital quality lens. The quality lens combines financial data with deep fundamental research, to identify high quality global small and mid cap comnpanies.