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| EQUITY INVESTMENT APPROACH -SELL
DISCIPLINE |
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An
individual stock is considered for sale based upon a variety of factors, among
them:
- The stock reaches our price target.
- Our investment outlook changes - triggering a shift in sector or
industry concentration or asset mix.
- We identify a significant reversal in company
fundamentals.
- The stock price declines 20% which triggers a mandatory committee
review, leading to:
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- Sale or Trimming of Positions |
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- Maintaining Status Quo |
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- Buying More of the Stock |
- We choose to trim a position that has grown very
large.
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