Stock selection

In the holistic approach to stock funds management, the focus is on individual companies, their long-term development and their macroeconomic and political environments. Gutmann Kapitalanlageaktiengesellschaft pursues an active investment approach with a long-term horizon and a focus on fundamentals.

Gutmann Kapitalanlageaktiengesellschaft screens potential investments by conducting extensive qualitative and quantitative analyses of companies. In this process, it explores the fundamental qualities of each business model and, on this basis, builds its own accounting and valuation models.

Regular personal contact with the management of the businesses in which investments are made is of high importance. Periodic meetings with leading sector analysts and attendance of investor conferences provide additional information which is used as an input in the screening process.

The defined objective is to not only earn the best possible returns but to also keep risk always within reasonable confines. The main focus of the investment universe is on global dividend stocks, European stocks and, in particular, investments in Central and Eastern Europe.