The equity team at AIG Investments offers our clients both breadth and depth, through an extensive range of active equity investment strategies that span geographies, market capitalization, industry sectors and investment styles. Our portfolio teams apply extensive resources and a focused common approach to stock selection in order to seek to achieve the best returns for our clients.
Philosophy
AIG Investments believes that either growth or value investing will both enjoy periods where one or the other is in favor. We do not believe that one style will dominate the returns of the other over time. Our philosophy dictates investing in companies over the continuum of growth through value. The key to uncovering good companies throughout this continuum is to avoid the trap of evaluating every entity through the same prism. We recognize that financial metrics used to evaluate opportunities will vary based on the stage of the company’s development. Therefore, we divide our investment universes into four broad stock categories based on the company’s development stage. We then use a combination of quantitative and qualitative analysis that is specific to each stock category, to help uncover investment opportunities. We buy and hold stocks that we believe show fundamental improvement and are attractively priced.
People
The Global Equity team is comprised of over 80 professionals who are located in most of the major markets around the world. While individuals are geographically organized in over 20 cities, the entire team is structured to work collaboratively in a global setting using the latest technology to develop and share techniques and information that drive the equity investment process. It is the advantage of AIG Investments' global reach, and the intimate knowledge, capabilities, insights, experience, and networks of our local investment experts that attract investors.
Process
Our equity investment process at AIG Investments begins with a quantitative screening of the investment universe. Based on qualitative and quantitative screening criteria, stocks are categorized into the following broad categories based on their lifecycle: Exceptional Growth, High Stable Growth, High Cyclical Growth, and Mature Companies. This categorization allows the portfolio teams to define the appropriate analytical approach and metrics used to value these stocks.
Once each stock is categorized appropriately, the team conducts rigorous bottom-up fundamental analysis, which is based on relative valuations and fundamental progression, and may differ based on the stage of a company’s lifecycle.
In addition to applying fundamental analytics, we conduct exhaustive and thorough due diligence on the company, which often include on-site visits, management meetings, and review of external research. Proposed stocks are then scrutinized through a team review process with suitable evaluation criteria, and ideas and detailed valuations are shared with the team via an online investment platform.
Our best investment ideas are then added to our portfolios and continually monitored to ensure that appropriate risk measures are applied. In addition, the team collectively monitors the best and worst performing stocks as potential sell candidates.
