Independence in fund management and wealth management allows for decisions to be made in the interest of clients
To be independent has several meanings for us. On the one hand, it is the independence from a bank or major financial group and corresponding sales and revenue targets. We benefit from the performance of our portfolios, not from transaction costs. It however also means to be free from the constraints and restrictions of a benchmark.
Independent research can find investment opportunities in any market situation
In Germany we have one of the largest bank-independent research teams, which primarily focuses on investment in single stocks and bonds. Intransparent, expensive structured products are usually not used. Allocations to illiquid investments are also not made, in order to be able to react to changing market conditions at any time.
Our buy side research serves only the unbiased decision making process. There are no constraints or stipulations since the research is not intended for sale. Moreover, the analysts are free to generate ideas without restrictions in terms of market capitalisation, countries or sectors. Connections between the different markets and sectors can be more easily recognised.
Value oriented approach and our own valuation models
Before buying in a stock, we create valuation models, in order to be able to make our own substantiated and comprehensible decisions. DJE Kapital AG does not rely on third party information. We have one of the most extensive in-house research archives on individual stocks. True to the FMM-Methodology, value indicators that point to a healthy balance sheet and low debt of a company are ranked very highly.
We always have a conservative view on earnings trends. Generally most investors tend to pay too much for growth stocks, which is why in the long-term our value oriented approach has turned out to be the better option.