Fei Du

FTS is a conservative, long-term, risk-aware manager follows a growth-oriented approach to invest in equity and in debt. The firm's investment process consists of bottom-up stock picking based on in-depth fundamental research. Global equity investments focus on small- to mid-cap growth companies as identified by their net asset return growth rate. The firm's own estimate of future price-to-earnings ratio is determinant, as is continuous growth, management quality and experience as well as shareholder-consciousness. FTS favors companies with high P/E in strong market conditions and low P/E during downturns. Portfolios are diversified across sectors. Within a sector, the firm aims to invest in the company which they identify as the best. They favor sectors with long-term growth potential, such as consumer goods.