Focus on change the key to finding latent market opportunities

In an environment of very low base rates, sustainable yield is a highly attractive investment style.

Dividend cover has been the best performing and least volatile style factor over the past year according to our quantitative model, the Matrix. This may seem counter-intuitive given the recovery nature of the market over the bulk of this period. However, it is understandable investors remain selective, opting for companies that offer sustainable yield. Our focus on change investment process allows us to identify improving situations that have not been fully recognised by the market. Even after the rally of 2009, we see a wealth of opportunities across the market-cap spectrum, where there...