Why All-Cap Value
Our All-Cap strategy is unique for the following reasons:
(a) The valuation range for our All-Cap universe is broad enough ($1 billion +) to achieve very broad diversification.
(b) All stocks meet Anchor Capital's defined value criteria at purchase. This not only affords better appreciation potential, but also reduces overall portfolio risk.
(c) All stocks purchased and held are internally researched using a bottom-up philosophy.
(d) Anchor's investment process utilizes modeling and screening of a large universe. It is continuous and rigorous. It is also robust in the development of new investment opportunities.
(e) Emphasis is placed on investment in growing companies which meet our valuation criteria. This set of valuation criteria includes an analysis of private market values, current net asset values, and an adherence to a maximum PEG ratio of 1.1 (at purchase).
All-Cap History
Anchor Capital has been applying its value discipline to the management of All-Cap portfolios since the inception of the firm in 1983. Applying our value discipline to purchases affords better potential for appreciation and helps to reduce overall portfolio risk. The goal of the product is to achieve a superior return to the Russell 1000 Value index, while offering lower absolute risk than the index.
