We seek long-term growth of capital by investing in mid capitalization companies we believe are high quality and have attractive business models.
We believe certain high quality mid cap companies with superior long-term growth prospects based upon their dominant market share position within an attractive industry have the potential to produce above average long-term investment returns. We target innovative and unique companies trading at reasonable valuations.
- Bottom-up stock selection
- Macro-economic and thematic view may influence stock selection
- Long-term investment horizon
- Utilize high-conviction internal analyst recommendations
- Leverage insights from GE’s Global Network
The Mid Cap Equity team incorporates a highly disciplined, fundamental, research driven, bottom-up approach to investment decision-making, which leverages the network of GE resources. The team begins with a universe of stocks (Russell Mid Cap Index as well as certain out-of-benchmark companies) with a market capitalization of $1-$13 billion. This list is further refined by screening for financial strength, earnings growth potential and reasonable valuation. The Mid Cap Equity team then conducts in-depth fundamental research to hone in on those companies that have a strong management team and are competitively positioned within a growing industry. The result is a diversified portfolio of typically 70-90 stocks of quality companies, which represent the team’s highest conviction ideas for growth at a reasonable price. On an ongoing basis, the team conducts due diligence on existing holdings, which includes: detailed fundamental company analysis, industry competitive analysis, meetings with company management and a comprehensive valuation review.
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