Investment philosophy
Investors seeking to put together an investment portfolio based on achieving a set return must first affirm their belief in the way the financial market works and their own organisation’s strategy for operating in it. This approach is typically outlined in investors’ investment philosophy. AP3’s investment philosophy is shown in the table below.

Investment strategy
The AP3 investment philosophy is at the core of our asset management decisions. The time diversification strategy is indicative of our strategy for structuring investment operations. We generate combined returns from three investment processes with different investment horizons. These three processes are not entirely independent but interact, and the correlation between long-term and medium-term investment horizons is especially close. In all three cases, our strategy is based on the first three points in the investment philosophy: risk-taking, risk diversification and forecastability. The table below summarises how the three processes tie in with the investment philosophy.