![Finding Diamonds in the Rough? Searching for Quality in Financials Finding Diamonds in the Rough? Searching for Quality in Financials](https://images.investmentofficer.com/cdn/ff/eJdfhlQgRUMoZJWB-KltHDzsMq4-he7dQFOnxasDsjo/1718140239/public/styles/large/public/10491517_GEO_SEPT_Hero-Article.jpg?itok=ykHLCkxu)
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.