Authorised and regulated by the Financial Conduct Authority, ValuAnalysis is an independent investment boutique focusing on equities and specialising in Intrinsic Value analysis. The firm has developed a proprietary research model which identifies companies whose competitive advantage is under-appreciated by market participants. The Partners have over twenty-five years of experience using, adapting and re-engineering the 'economic value-added' models used by industry consultants into stock market valuation models. These models replicate the thought process of an entrepreneur taking real investment decisions: what capital to commit where, at which cost, and for what return. Applied to the stock market, these tools provide invaluable insight about a firm’s sustainable competitive advantage and the level of its economic rent. The ValuFocus Fund: As Advisor to the UI–I ValuFocus fund, a Luxembourg based UCITS SICAV, ValuAnalysis seeks to deliver consistent returns in excess of the broad equity market over the longer term, whilst carefully controlling downside risk. For further information on investing in the fund, please visit our website or contact one of the Partners. The Partners of ValuAnalysis are Christophe Bernard, Pascal Costantini and Joakim Darras. Diarmid Ogilvy is a co-founding shareholder. Website: www.valuanalysis.com Email: general@valuanalysis.com