Our investment philosophy revolves around the assumption, also supported by evidence, that market-beating returns cannot be achieved by market participants on a consistent basis, on average.
As a consequence, our portfolio construction methodology lies on following the markets; to achieve this, we invest in each company according to its total share of the market. This removes uncertainty about what weight each company should hold, and in the meantime reduces to a minimum the required rebalancing; by this way, transaction costs are kept to a minimum.