Cet article vous est offert par Morgan Stanley IM.

Finding Diamonds in the Rough? Searching for Quality in Financials

Finding Diamonds in the Rough? Searching for Quality in Financials

Isabelle Mast

Financials is a value sector – typically cheap and quite frequently not so cheerful. Or is it? We believe that select high quality companies within financials do exist and make excellent candidates for our portfolios. Well-managed companies with strong intangible assets in balance-sheet light subsectors such as exchanges, payments and insurance niches can achieve the combination of high returns, moderate cyclicality and recurring revenues that we favour.

Read more