The Lorica WM investment philosophy has eight basic and fundamental components which are adhered to in all our considerations:

• Don’t speculate; invest
• Capital markets work
• There is generally a direct correlation between risk and reward
• Asset allocation is responsible for the majority of the investment return
• Broad diversification dilutes risk
• Strategic asset allocation is achieved through portfolio rebalancing
• Past performance is not a basis for selecting investments
• Control expenses and display transparent costs

Our investment management philosophy is supported by a well defined proposition and a rigorously tested process. We aim to:

• Utilise leading industry research
• Utilise modern investment theory and practice
• Optimise tax-efficiency
• Adopt a systematic and considered strategy