Investment Objectives

Our investment philosophy centers around the belief that stock prices are driven by earnings and the expectations of earnings, and within the mid and small capitalization universe growth-oriented investments will provide the greatest potential for attractive returns. In addition, we belive companies in growth industries with competitive advantages, capable management teams and effective strategies will produce the strongest earnings and revenue growth.

We use a disciplined and focused process that emphasizes rigorous qualitative analysis, sophisticated quantitative evaluation and the prudent assessment of risk to achieve the goals of our clients. Our Investment Guidlines encompasses four key elements:

• Multi-dimensional research that identifies the most compelling mid-cap opportunities available in Serbia and the region
• Expertise in assessing product viability and management effectiveness
• Valuation analysis to avoid overpaying for growth
• Careful selection of the best mid/small companies, using a disciplined investment process

Many factors contribute to the success of a company and its ability to enhance shareholder value. The skill of the portfolio manager is critical in assessing management’s depth, talent, motivation and ability to execute an effective plan. FIMA Invest portfolio management team is particularly adept at appraising whether a company’s management has the clear strategy necessary for growth and the ability to carry that plan through to implementation. This evaluative expertise provides us a distinctive edge when analyzing potential company success.

Our goal is to find companies possessing both the requisite leadership and the catalyst necessary to cause a rise in price for the mid-term period and to achieve returns higher than the benchmark BelexLine.