![Finding Diamonds in the Rough? Searching for Quality in Financials](/sites/default/files/styles/large/public/2023-10/10491517_GEO_SEPT_Hero-Article.jpg?itok=-y_GGq0I)
Isabelle Mast
Financials is a value sector – typically cheap and quite frequently not so cheerful. Or is it? We believe that select high quality companies within financials do exist and make excellent candidates for our portfolios. Well-managed companies with strong intangible assets in balance-sheet light subsectors such as exchanges, payments and insurance niches can achieve the combination of high returns, moderate cyclicality and recurring revenues that we favour.