Marsico's investment approach combines elements of "top-down" macroeconomic analysis and "bottom-up" company and security analysis. Our macroeconomic analysis - which includes an assessment of factors such as interest rates, inflation, monetary policy, fiscal policy, currency movements, demographic trends, the regulatory environment, and the global competitive landscape - serves to create a strategic backdrop for actual portfolio construction. We may also examine other factors that may include the most attractive global investment opportunities, industry consolidation, and the sustainability of financial trends. Stocks are evaluated and selected on the basis of attributes such as market-share position, excellent management teams, improving profit margins, solid balance sheets and free cash-flow generation. A positive, transformational catalyst, such as a major new innovative product or new management team, may also be an important criterion. In addition, we carefully consider a stock's current valuation in the context of internally projected growth rates and peer-group comparisons.
To learn more about Marsico Capital Management and our investment strategies, click here: Firm Profile.