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UK equity process

Our equity investment process is designed to harness our best research ideas in the portfolios we build for our clients. By ensuring that our people work within this structure, we can consistently repeat our investment process with the aim of delivering our goal of consistently strong performance.



Idea generation
Built on a research framework that encourages teamwork, our process stimulates constructive debate and the exchange of investment ideas across SWIP's portfolio managers. An integrated proprietary research portal further promotes continuity and flow of information throughout the firm.

Fundamental Analysis
Our investment performance is based on fundamental in-house research that identifies an asset’s true value. All of our investment professionals carry out in-depth research to ascertain a security’s intrinsic worth. We look for stock pricing anomalies where the current stock price is trading below a level that fairly reflects the underlying company's long-term growth prospects. For equities, this involves a combination of qualitative and quantitative research looking over a ten-year horizon, encompassing a five-year historical analysis and a five-year forward projection. We believe this is a wider frame of reference than that adopted by our competitors, leading ultimately to better investment recommendations.

SWIP Proprietary Research Portal
Our researched stock list is accessed and updated via our proprietary internet-based investment portal. The Portal is a powerful tool in our portfolio-construction process as it affords us complete flexibility in the way we view and integrate our research. All our research, be it company data, written investment opinion or underlying portfolio weightings can be aggregated and customised to meet our fund management needs. What's more, this information is available to all our managers at any time.

Peer group vetting
We adopt a team based approach to investment decision-making, encouraging the free flow of ideas across asset classes and business areas. This, in turn, leads to an environment in which we can make informed investment decisions. To accommodate this, our innovative research portal provides a platform for our people to share their best ideas with their colleagues.

The results of our investment analysis are debated at regular stock review meetings where the investment case is challenged prior to the stock being rated as a buy, hold or sell. The recommendations assigned to each stock are combined with its target price and added to our researched stock list. The level of challenging within the team is reinforced with analysis run by our independent risk monitoring team. This leads to a very high conviction in the ratings, allowing only our best ideas to become part of the portfolio.

Portfolio Construction
Portfolio construction is the responsibility of the individual portfolio manager who is ultimately accountable for the investment decisions for every client portfolio he/she manages. The output from our research process is a buy/hold list of around 200 stocks deemed suitable for investment.  

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Important Information

Qualified Investor Compliance Information

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The information included in this website is provided by Scottish Widows Investment Partnership (SWIP), authorised and regulated in the UK by the Financial Services Authority.
 
Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which our funds are authorised for sale. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.

This does not constitute an offer or solicitation to sell shares in any of the funds referred to on this website, by anyone in any jurisdiction in which such offer, solicitation or distribution would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.

Any investment decision should be made solely upon the information contained in the SWIP OEIC and SWIP SICAV offering documentation, available under section SWIP OEIC and SWIP SICAV Literature/Simplified and Full Prospectuses in the Literature section of this website, and in compliance with the Italian legislation applicable to the distribution of the funds referred to in this website in Italy.
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If you are unsure about the meaning of any information provided please consult your financial or other qualified professional adviser.
 
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You may leave the Scottish Widows Investment Partnership Limited website when you access certain links on this website. In so doing, you may be proceeding to the website of an organisation that is not regulated under the UK Financial Services and Markets Act 2000. Scottish Widows Investment Partnership Limited has not examined any of these websites and does not assume any responsibility for the contents of such websites nor the services, products or items offered through such websites.
Scottish Widows Investment Partnership Limited shall have no liability for any data transmission errors such as data loss or damage or alteration of any kind, including, but not limited to, any direct, indirect or consequential damage, arising out of the use of the services provided herein.
On accessing the Scottish Widows Investment Partnership Limited website, you are aware of the following investment risks applicable to all funds:

  • Past performance is no guarantee of future performance.

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Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. For your protection, telephone calls are usually recorded. This website is operated and issued by Scottish Widows Investment Partnership Limited which is authorised and regulated in the UK by the Financial Services Authority (Register number 193707). You can gain access to the FSA's rules and guidance notes from the following link: (www.fsa.gov.uk)
According to the Italian rules regulating the dissemination of significant information by UCITS, this website includes a specific section dedicated to the net asset value (NAV) of the SWIP OEIC and SWIP SICAV shares. SWIP OEIC and SWIP SICAV NAV prices can be found in the NAV section of this website.
The information and opinions contained in this website are for background purposes only and do not purport to be full or complete. No reliance may be placed for any purpose on the information or opinion herein or their accuracy or completeness. No representation, warranty or undertaking, express or implied is given as to the accuracy or completeness of the information or opinions contained in this website by SWIP and no liability is accepted by SWIP for the accuracy or completeness of any such information or opinions

*Pursuant to Article 34-ter of CONSOB’s Regulation No. 11971 of 14 May 2009 (CONSOB’s regulation on issuers) Qualified Investors are:

(1) legal entities which are authorised or regulated to operate in the financial markets, including: credit institutions, investment firms, insurance companies, collective investment schemes, asset management companies, harmonised management companies, pension funds, financial intermediaries enrolled in the registers provided for under Articles 106, 107 and 113 of the Italian Banking Act, companies regulated under Article 18 of the Italian Banking Act, banking foundations, commodity dealers, as well as entities not so authorised or regulated whose corporate purpose is solely to invest in securities;
(2) national and regional governments, central banks, international and supranational institutions such as the International Monetary Fund, the European Central Bank, the European Investment Bank and other similar international organisations;
(3) small and medium-sized enterprises (SMEs) having their registered office in Italy and registered in the register provided for under Article 34-quater of the CONSOB’s regulation on issuers;
(4) legal entities which do not meet two of the three criteria set out in Article 3, paragraph 1, letter b) of the CONSOB’s regulation on issuers;
(5) individuals resident in Italy and enrolled in the register provided for under Article 34-quater of the CONSOB’s regulation on issuers.

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Scottish Widows Investment Partnership Limited (SWIP) is registered in England and Wales, Company No. 794936, VAT No. 244 1555 76. Registered Office is at 33 Old Broad Street, London EC2N 1HZ, UK. Tel: +44 (0)131 655 8500 international@swip.com. SWIP is authorised and regulated in the UK by the Financial Services Authority and is entered on their register under number 193707 (www.fsa.gov.uk).