3 ASX shares rated as buys by fundie
Tristan Harrison | December 15, 2020 5:15pm |
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What is Naos Asset Management’s investment approach?
Naos is led by chief investment officer (CIO) Sebastian Evans.
NAOS Ex-50 Opportunities Company Ltd (ASX: NAC) is one of the listed investment companies (LIC) operated by Naos.
That particular LIC generally looks at businesses with market capitalisations between $250 million and $6 billion. That’s what Naos deems to be a ‘mid-cap’.
The fund manager has a number of investment focuses. It looks for businesses that are good value with long term growth potential. With its portfolio, Naos believes it’s better to have a quality portfolio rather than numerous holdings. That’s why it only holds around 10 positions in each fund, with each ASX share representing a high-conviction position.