Pacific View Asset Management (Pacific View) has marked the five-year anniversary of its US Small Cap Growth Strategy, which utilises a Momentum At a Reasonable Price approach to portfolio construction.
Over the five years up to the end of June 2018, the strategy performed in the top 15 per cent of its peer group with less volatility than the Russell 2000 Growth Index.
“We believe our Momentum At a Reasonable Price investment process represents a differentiated approach. It has shown that it is possible to generate excess returns with momentum factor exposure while exercising strong valuation discipline,” says Mike Ashton, Portfolio Manager of the strategy. “We think the strategy is well positioned for the years ahead given its low historical downside capture ratio of below 80 per cent.”
Since inception, Pacific View has grown into a firm offering a range of investment strategies across multiple asset classes.
“We believe reaching the five-year milestone for our US Small Cap Strategy validates the Pacific View model. It enables talented, entrepreneurial investment teams to focus on structuring portfolios and investing, while leveraging experienced professionals to manage the non-investment aspects of the business,” says Kevin Chessen, Co-Founder of Pacific View. “We feel we are on a solid path for future growth as we continue to add specialised strategies in capacity-constrained asset classes.”
