Investment Principles
As a leading equities fund manager in Vietnam, Indochina Capital Advisors deploys a proactive approach to portfolio management that results in superior financial returns to investors.
Active management
ICA aims to add value by identifying high quality companies, defined chiefly in terms of their management and business model, which trade at attractive valuation levels relative to their intrinsic value. Quality selection is the key to performance and benchmarks are downplayed in portfolio construction since these provide little guidance to future performance
Proprietary research
ICA's research team visits companies before investing, making visits annually to existing and prospective holdings. Every meeting is documented in detail. Coverage is assigned among investment professionals who carefully monitor developments in both portfolio companies and those on the watch-list.
Long-term focus
ICA follows a simple buy and hold approach, adding on pullbacks and taking profits on price rises. This reduces transaction costs and keeps portfolios focused. Short-term return opportunities are rarely pursued.
Team approach
ICA employs five investment professionals all based in Vietnam. The investment strategy is approved by the investment committee and portfolio decisions are made collectively. Cross-coverage of securities also increases objectivity and lessens reliance on individuals.
