ASML Q1: Long-Term Growth Remains Despite Tariff Uncertainties

Core Viewpoint - The investment strategy focuses on fundamental, bottom-up analysis with an emphasis on long-term quality growth, targeting companies in niche markets with strong growth potential and reasonable valuations [1]. Group 1: Investment Strategy - The investment style is characterized by a fundamental approach, prioritizing quality growth-oriented companies [1]. - The portfolio is constructed with 15-20 stocks, emphasizing diversification, risk management, and macro-driven sector weights [1]. - The target annual return for the portfolio is set at 15% [1]. Group 2: Company Characteristics - The ideal companies are those with strong management teams, sound capital allocation policies, and reasonable valuations [1]. - There is a specific focus on companies that do not chase quarterly results or follow herd mentality [1].