In Search of Quality-Compounder Companies in the Asian Equity Markets
US equity multiples are at historically elevated levels. With the S&P 500's impressive 30% return in 2019, a majority of that return derived from multiple expansion. As global investors, the Athena Research team wondered whether there might be a market where the potential for shareholder value creation is comparable to that of the US, but with more favorable valuations?
Diversity and Inclusion: Not Optional
Anna Kastrilevich, senior research associate, explores how promoting workplace diversity and inclusion can have material business consequences beyond the value of taking a moral stance.
Quality and "The Middle Way" of Investing
Erick Rawlings, managing director, research, delves into the idea of quality investing. Rawlings contextualizes the underlying thesis by comparing it to the more well-defined styles of value and growth with hypothetical scenarios.
Capitalizing Culture As An Asset
In an industry focused on developing variant perceptions, most investors tend to create variance through interpretations of quantifiable metrics—brushing off intangible factors as immaterial to financial success. Alex Chown, Research Associate, states that through this approach, it’s common for investors to overlook the affect the impact culture has on the directional success or failure of an organization—potentially giving an advantage to those that do.
Investing in International Equities: What's the Point?
Erick Rawlings, Managing Director, Research, discusses the rise of positive returns in US equity markets compared to foreign equities. This led Erick and the Athena Research team to investigate whether the asset class is due for a rebound, or, if investing abroad is fruitless, given the diminished correlations benefit.