Our investment selection is made in accordance with traditional fundamental analysis. Our funds are actively managed. Prior to each potential investment, we conduct an analysis of the company concerned, where we make an assessment of long-term stable earnings level. We adjust for what, in our opinion, represents short-term excess profitability or poor profitability. We combine this with an assessment of the company’s future growth prospects to establish a long-term fair value of the entity and its share.
Responsible investments play an important role in the investment process. All three pillars E, S, and G are equally important in our work; we incorporate aspects of environmental, social issues and corporate behaviour in our investment process. An environmental policy is not only important to ensure a long-term sustainable development, but also reduces the risk of future clean-up costs and production stoppages. Social issues are considered a core feature in Tundra’s ESG work. Assessments of a company’s corporate governance and business ethics are central to the investment analysis.