Our processes
OUR PROCESSES
Whether it is a Variable Income (stocks), Fixed Income or Multimarket Funds portfolio, Milestone professionals act from the definition of equity objectives and strategies to portfolio implementation.
Investments with differentiated results through a proprietary and highly disciplined combination of resources and investment strategies are our main objective.
We believe that our team’s expertise and skills, together with Milestone’s structure, offer the ideal combination for the successful financial management of those who entrust their investments to us.
Balance, flexibility in strategies and tactics, discipline and attention to tax efficiency are some of Milestone’s hallmarks.
Active strategy management allows for efficient adjustments to portfolios in the face of changes in global, regional and local financial, and economic scenarios.
From portfolio building to ongoing management, our investment approach is assertive, disciplined, and dynamic. Our portfolios are designed with strict negotiation mandates, with diversifications that seek to minimize structural and specific risks and, at the same time, specific opportunities.
A thorough analysis, which includes everything from technical information to macroeconomic studies, is the starting point for well-founded investments.
We use proprietary quantitative research in addition to high-quality market research – thus, our professionals constantly seek investment opportunities aligned with the objectives of each portfolio strategy.
Top-Down and Bottom-Up are common approaches to building portfolios.
The Bottom-Up approach basically selects assets individually, based primarily on the security of each stock, bond or strategy.
Top-Down, on the contrary, has an internationalized view, considering several characteristics such as company size, risks, global and local markets, among other relevant aspects – a method that emphasizes broader economic factors.
In the Top-Down approach, individual asset selection, for portfolios, occurs only after identifying segments with good performance prospects.
We create high conviction portfolios, unlike those that invest in all sectors in order to minimize risks and negative impacts of assets and companies.
For this, we continuously evaluate economic overlap and attributes related to each class of assets – and their subcategories -, identifying those that we believe have the best risk-return proposition for each moment.
Our goal is to find the best segments to balance risk mitigation and search for profitability.
Customer goals, macroeconomic, local and sectoral scenarios, company perspectives, global economy – all of these factors are constantly evolving.
Thus, in addition to a constant relationship with the client, we monitor every aspect that can influence the portfolios under our management, aiming to ensure that strategies are aligned with the global and individual moment.
Quality bonds have the added benefit of liquidity, which allows efficient portfolio adjustments in dynamic markets – identified risks or opportunities, liquidity portfolios allow for agile performance.
A wide range of factors is considered when designing the portfolio adapted to the clients’ needs and objectives:
- Time horizon
- Investment goals
- Income needs
- Tax and fiscal aspects
- Assets and income outside the portfolio
- Personal or professional restrictions