Innovation Portfolio

ABSL Innovation Portfolio follows a multi cap equity strategy focused on investing in companies benefiting from innovation led business models, new systems of products and services, and differentiated ways of doing business that can deliver sustainable profitability and long term growth. The strategy identifies companies that benefit from innovation themes such as profit model innovation, network advantage, organization structure efficiency, process leadership, product performance, product systems, service innovation, channel strength, brand leadership and customer engagement. The portfolio aims to capture value from companies benefiting from the fast changing landscape across industries through product or process innovation while also allocating exposure to secular growth companies with scalability over the next decade. Portfolio construction typically allocates about 65 percent to 100 percent to innovation driven companies and about 0 percent to 35 percent to secular growth names. The investment process includes identifying companies benefiting from innovation themes, applying quantitative and qualitative screeners, narrowing the universe to about 50 to 75 stocks and constructing a portfolio of high conviction companies with strong growth potential. Illustrative holdings include Bharti Airtel Limited, Persistent Systems Limited, ICICI Bank Limited, Larsen and Toubro Limited, Trent Limited and Bajaj Finance Limited. Sector agnostic. Market cap combination of large cap, mid cap and small cap within a multicap investment universe.