At Beulah Capital we believe that investment return is a function of risk, opportunity (volatility) and expertise, less leakage.
Risk is primarily determined by strategic asset allocation. Beulah uses a top down approach to the portfolio, accepting that asset diversification is the most efficient risk mitigation tool.
Opportunity is the selective use of tactical variation around the strategic asset allocation benchmarks, identification of the available asset classes, and the specific investment selection.
Expertise is being skilled to provide the best return from the timing of capital allocation across different asset classes and specific investments. Beulah also uses the expertise of specialised asset managers to enhance returns from such asset classes as international equities and alternative investments.
Leakage refers to costs such as brokerage fees, fund manager fees and taxation.
In addition to the above, Beulah also takes into consideration:
• transparency of investment structures and processes
• investment liquidity
• the client's needs and level of risk.