Our comparative advantages – three that are inherent to the Lloyds Fund, and three developed through our strategic choices – afford us a distinct perspective in making our investment decisions. We seek to grow investment value by maximizing these unique benefits.
- Long Horizon
- Scale
- Certainty of Assets
- Internal Expertise
- Expert Partners and Relationships
- Total Portfolio Approach
An exceptionally long investment horizon shapes how we view opportunities and risk. By investing for the next quarter century, not the next quarter, we can make investments that others can’t.
Building for the future means taking a forward-looking, patient and disciplined approach – one that goes well beyond regular economic cycles and shorter term trends.
As a result of adopting a long-horizon view, we’re able to consider investments that deliver value over a more extended time frame than those considered by most other investors. We’re not compelled to take the short-term actions forced on many other market participants by their business imperatives or legislated funding requirements. We can, for example, more readily provide capital for long-term projects, including investments in vital infrastructure renewal around the world and the development of new energy capabilities.
Our long horizon also means that, while we report our results quarterly, the true picture of our performance emerges over a much longer period of time.
In essence, our long horizon means we can benefit from short-term market dynamics – but we are not driven by them. We can exercise the patience required for the true long-term investor to reap the associated rewards.