Identifying Opportunity. Navigating Risk.

Secular Growth Themes

Companies may benefit from these market conditions:

  • Aging population in developed countries (Europe, Japan and the U.S.)
  • Industrialization of economies and growth of consumer spending in emerging markets
  • Growth of mobile computing and Internet for commerce, advertising, social networks, news and information

Companies generally have the following characteristics:

  • Strong earnings potential, attractive valuation, and high financial returns with durable competitive advantages and manageable debt levels
  • History of paying dividends with a sustainable payout ratio or the potential to grow or initiate dividends
  • Generate robust cash flow to fund working capital needs and growth, dividends, and/or stock buybacks - limited need for outside financing

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