Meaningful exposure, deliberately constructed
Our investable universe is defined by genuine, material participation in the electric mobility transition. We don't require that every holding derives all of its revenue from EVs, but we do require that every holding has a meaningful and identifiable role in the transition, and that its inclusion reduces rather than increases portfolio concentration risk.
The universe is benchmark agnostic and unconstrained across regions, sectors, and market capitalisations. We go where the transition is happening, currently that means deliberate exposure to the US, China, South Korea, and Australia, where innovation, supply chain depth, and adoption momentum are most concentrated.
How we invest
We invest across the full architecture of the EV transition, from critical minerals and battery chemistry to semiconductors, vehicle platforms, and grid infrastructure. Our process is built around one central question: where in the value chain is value most durably created, and who owns it?
Why this process works
The EV transition is not a single-company story and it is not a single-country story. It is a multi-decade restructuring of one of the world's most complex industrial value chains. Capturing it well requires a process that is as broad as the transition itself, one that can find value in a lithium junior in Western Australia, a grid equipment manufacturer in Korea, and a semiconductor leader in the US, and understand how they fit together.
That is what our process is designed to do. Not to track the transition, but to map it, and to position ahead of where value accumulates next.
Research & Ideation
Insight is only as good as its sources. To complement our internal research, we work with a carefully selected network of top-tier investment banks, brokers, and specialist research houses, chosen specifically for their local market knowledge and thematic depth in clean energy and electric mobility.
This network gives us capabilities that go beyond conventional desk research. Direct access to company management allows us to track supply chain dynamics and capital allocation decisions ahead of the market. Site visits and roadshows surface investment opportunities before they reach wider attention. And our relationships with leading investment banks provide access to institutional placements and IPOs that are not available to all investors.
We also work with specialist clean energy consultancy firms that provide technical and industry insight at a depth that generalist research cannot match. The result is a research process that is genuinely differentiated, and that consistently puts us ahead of consensus on the themes and companies that matter most.
