Wambia Capital & Linkage Capital adheres to a strict linkage philosophy, anchored in a deep value approach. Wambia Capital & Linkage Capital approaches all investment decisions with forward and backward linkage analysis, not the traditional free-cash-flow, risk analysis or benchmark comparisons. We believe that what matters most in emerging markets is the linkage dimension – especially to the middle class consumer, but also to the key growth drivers; followed by the value and riskiness; and not how investments compare to benchmarks, or even how their risks relate to each other across a portfolio – although we certainly take this consideration into account. Risk integration techniques enable Wambia Capital & Linkage Capital to build what we believe are more successful portfolio foundations constructed on the linkage platform.
