In the equities area, we have developed the R & A Quality Select investment style. The focus is on leading high-quality companies with
a positive medium-term outlook,
above average financial ratios (R & A financial conditions index), as well as
an attractive valuation given our fundamental assessment (R & A earnings and cash flow discount model).
Quality companies can be found in all industries and markets. A number of studies and our own results show that an above-average performance can be achieved with quality companies in most market phases. In periods of above average economic uncertainties, a focus on quality is indispensable.