Above the Index Asset Management Pty Ltd (ATI) [ACN 111 239 591 / AFSL 295904] was established in September 2004 as a boutique Australian equity manager, specialising in the manufacturing of long only Australian equity portfolios. ATI's investment style utilises a relative value methodology.

ATI was appointed by Zurich Financial Services Australia Pty Ltd in September 2008 to manage its Australian Value Share Fund. ATI currently manages the Zurich Australian Value Share Fund and is a manager within the Zurich Balanced Fund.
OneVue Limited, formerly Direct Portfolio Services Ltd, appointed ATI as the manager of their in house portfolio mandates in 2005 making ATI responsible for the stock selection and portfolio management of the OneVue Managed Account (formerly DirectPortfolio and ShareInvest).

Ascalon Capital Managers Ltd (Ascalon) is 100% owned by Westpac bank and is a boutique funds management incubator and a 37% shareholder in ATI. The remaining equity in ATI is held by the principals, directors and staff.

ATI's Investment Style

ATI's investment style is premised on a relative value methodology, meaning that investments are generally purchased and held as long as they represent relatively good value. In essence, ATI focuses on selecting those companies whose share prices appear cheap relative to the universe of stocks and the GICS industry sector that they are in.
The ATI relative value approach applies at both the GICS sector level and the investment grade universe level. ATI's broad investment philosophy is that structured and disciplined active management of its portfolios is the key to consistent and risk controlled outperformance.
ATI's investment style is strongly based on the relationship between forecast earnings, relative market rating (RMR) and the current share price. The time horizon for forecast return calculations is three years.

ATI's investment style can broadly be characterised as:
• Active with a contrarian approach
• Bottom up using conservative assumptions
• Long term investment horizon
• Low turnover
• Focused on buying stocks identified as relatively undervalued
• Broad coverage - large to small capitalisation stocks
• High targeted alpha from benchmark out-performance
• Process driven, disciplined methodology in stock selection and risk management
• Intensive use of technology to identify specific areas for value-add research

ATI's competitive advantage

ATI sees its competitive advantage as being able to add value for clients by portfolio out-performance that arises from adding alpha (expected benchmark out performance) subject to appropriate risk constraints. Given its disciplined investment process, in-built risk controls and client management systems, ATI can manage individual portfolios for clients. This could encompass changes with regard to levels of acceptable tracking error, portfolio concentration, specific risk and fund size profiles to complement other managers.

ATI believes that its proprietary process of disciplined investing and prudent risk management will lead to superior returns and lower volatility in the long-term. Its primary focus is to deliver consistently higher than benchmark returns over rolling three-year periods with absolute volatility at, or lower than, benchmark and competitors.

Portfolio Mandates

ATI portfolio mandates available under our service are:-

- ATI 20 Leaders (Australian Shares)
- ATI 20 Leaders Income (Australian Shares)
- ATI Deep Value (Australian Shares)

ATI Investment Mandate - Click Here