Maj Invest's investment strategy varies between asset classes.
The equity strategies are characterised by a broad investment universe, but with concentrated portfolios which reflect a high conviction approach in the selection of securities. In our company research we focus: understanding of the business model and products, the company’s ability to create a higher economic return over the next 2-3 years than that of the general economy, and whether this is reflected in the share price, the potential for sustained or improved earnings growth and return on shareholders’ equity, the ability to sustain or improve the market position of the products, the competences, strategy and focus of the management team and ESG factors.
Portfolio construction in fixed-income strategies is based on top-down and bottom-up analysis and includes three pillars: analysis of the macroeconomic environment, analysis of the three segments: government bonds, mortgage bonds and credit bonds and quantitative analysis on a bond level. All portfolios are ESG screened.
Private equity has a partnership approach making investments as both minority and majority investor in Denmark and abroad. The approach has strong active ownership practices, including integrating ESG factors. Maj Invest Financial Inclusion funds have a financial-first impact investment strategy.