{"id":8,"date":"2024-01-12T15:23:52","date_gmt":"2024-01-12T15:23:52","guid":{"rendered":"http:\/\/localhost\/drift_capital\/?page_id=8"},"modified":"2024-03-06T03:23:50","modified_gmt":"2024-03-06T03:23:50","slug":"investment-research","status":"publish","type":"page","link":"https:\/\/driftcapital.com\/?page_id=8","title":{"rendered":"INVESTMENT RESEARCH"},"content":{"rendered":"\n<section id=\"strategy\" class=\"s6\">\n\t<div class=\"container\" style=\"display: none;\">\n\t   <h2 class=\"subtitle\">Asset Class Analysis<\/h2>\n\t   <div>\n\t\t  <p>A thorough investment thesis begins with an objective analysis of the data. Leveraging proprietary research that spans over four decades, Drift Capital has identified the characteristics of what defines a car as investment-grade.<\/p>\n\t   <\/div>\n\t   <div class=\"ir_container\">\n    <svg id=\"lineContainer\" style=\"position: absolute; top: 0; left: 0; width: 100%; height: 100%;\"><\/svg>\n\t\t  <div class=\"box big-box\">\n\t\t\t <div class=\"igcars\"><span>INVESTMENT-GRADE CARS<\/span><img decoding=\"async\" src=\"\/wp-content\/themes\/driftcapital\/assets\/images\/cars.png\" \/><\/div>\n\t\t  <\/div>\n\t\t  <div class=\"box box-top-left\">\n\t\t\t <button style=\"font-family: 'Prata',serif;\">CAPITAL PRESERVATION<\/button>\n\t\t\t <div class=\"btn_para\">\n\t\t\t\t<p>With the smallest maximum drawdowns of any asset class, and \n\t\t\t\t   similar average drawdowns as global bonds, collectible cars have \n\t\t\t\t   historically maintained their value through market downturns\n\t\t\t\t<\/p>\n\t\t\t <\/div>\n\t\t  <\/div>\n\t\t  <div class=\"box box-top-right\">\n\t\t\t <button style=\"font-family: 'Prata',serif;\">UNCORRELATED RETURNS<\/button>\n\t\t\t <div class=\"btn_para\">\n\t\t\t\t<p>Average compounded returns of 12.2% (2003-2023) that are not correlated with the performance of other asset classes, providing capital appreciation and preservation when other investments are declining in value.<\/p>\n\t\t\t <\/div>\n\t\t  <\/div>\n\t\t  <div class=\"box box-bottom-left\">\n\t\t\t <button style=\"font-family: 'Prata',serif;\">ANTICYCLICAL RETURNS<\/button>\n\t\t\t <div class=\"btn_para\">\n\t\t\t\t<p>Historical returns that are not just countercyclical, but \u201canticyclical\u201d\u2014unaffected by the economic cycle or level of interest rates. Collectible cars exhibit the least variability in returns of any asset class across all phases of the business cycle.<\/p>\n\t\t\t <\/div>\n\t\t  <\/div>\n\t\t  <div class=\"box box-bottom-right\">\n\t\t\t <button style=\"font-family: 'Prata',serif;\">GROWING MARKET<\/button>\n\t\t\t <div class=\"btn_para\">\n\t\t\t\t<p>$50b+ of investment-grade opportunities with annual transaction turnover of $1b+. Investment capacity of $2b+ in AUM.<\/p>\n\t\t\t <\/div>\n\t\t  <\/div>\n\t   <\/div>\n\t   <div class=\"ir_content\">\n\t\t  <p>A thorough investment thesis begins with an objective analysis of the data. Leveraging proprietary research that spans over four decades, Drift Capital has identified the characteristics of what defines a car as investment-grade.<\/p>\n\t   <\/div>\n\t<\/div>\n\t<\/section>\n\t   <section id=\"strategy_container\" class=\"s6 strategy_container\">\n\t   <ce oet=\"s6_1\">\n\t\t  <h2 class=\"subtitle\">Investment Strategy<\/h2>\n\t\t  <p class=\"lg-txt\">\n\t\t\t Implementing quantitative and qualitative approaches to derive investment insights:\n\t\t  <\/p>\n\t   <\/ce>\n\t   <div class=\"wrap\">\n\t\t  <div class=\"col col-1\">\n\t\t\t <ce oet=\"s6_2\">\n\t\t\t\t<h3>Quantitative Metrics<\/h3>\n\t\t\t <\/ce>\n\t\t\t <div class=\"infog1\">\n\t\t\t\t<svg version=\"1.1\" id=\"Layer_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" x=\"0px\" y=\"0px\" viewBox=\"0 0 1008.9 998.2\" style=\"enable-background:new 0 0 1008.9 998.2;\" xml:space=\"preserve\">\n\t\t\t\t   <path class=\"st1\" 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d=\"M120.2,536.7c-0.3,1.2-0.7,2.2-1.2,3l-2.5-0.9c0.5-0.7,0.8-1.6,1.1-2.6c0.3-1,0.3-2,0.2-3\n\t\t\t\t\t\t\tc-0.1-1.2-0.4-2.2-0.8-2.7c-0.5-0.6-1-0.8-1.7-0.8c-0.5,0-0.9,0.2-1.1,0.6c-0.3,0.4-0.5,0.8-0.6,1.4c-0.1,0.5-0.3,1.3-0.4,2.2\n\t\t\t\t\t\t\tc-0.2,1.3-0.4,2.4-0.6,3.2c-0.2,0.8-0.6,1.5-1.2,2.2c-0.6,0.6-1.4,1-2.5,1.1c-0.9,0.1-1.8-0.1-2.6-0.5c-0.8-0.4-1.5-1.1-2-2.1\n\t\t\t\t\t\t\tc-0.5-1-0.9-2.2-1-3.7c-0.1-1-0.1-2,0.1-3c0.2-1,0.5-1.9,0.9-2.7l2.5,0.8c-0.4,0.8-0.6,1.6-0.8,2.4c-0.2,0.8-0.2,1.6-0.1,2.3\n\t\t\t\t\t\t\tc0.1,1.2,0.4,2.1,0.9,2.7s1,0.8,1.7,0.8c0.5,0,0.9-0.2,1.1-0.6c0.3-0.4,0.5-0.8,0.6-1.4s0.3-1.3,0.4-2.2c0.2-1.3,0.4-2.3,0.6-3.1\n\t\t\t\t\t\t\tc0.2-0.8,0.7-1.5,1.2-2.2c0.6-0.6,1.4-1,2.5-1.1c0.9-0.1,1.8,0.1,2.6,0.5c0.8,0.4,1.5,1.1,2,2.1c0.5,1,0.9,2.2,1,3.7\n\t\t\t\t\t\t\tC120.5,534.2,120.4,535.4,120.2,536.7z\"><\/path>\n\t\t\t\t\t  <\/g>\n\t\t\t\t   <\/g>\n\t\t\t\t<\/svg>\n\t\t\t\t<div>\n\t\t\t\t   <div fx=\"{'slider':{'slide':-1,'checkViewport':1,'effect':'sFade','duration':200,'accordion':1,'accordionOneSlide':1,'mobile':267}}\">\n\t\t\t\t\t  <div><a>Correlations<\/a><a>Turnover\/Liquidity<\/a><a>Returns<\/a><a>Volatility<\/a><a>Drawdowns<\/a><\/div>\n\t\t\t\t\t  <div>\n\t\t\t\t\t\t <div>\n\t\t\t\t\t\t\t<p>Investing in cars with historically low correlations to other asset classes to preserve, or even grow, capital in times of market stress<\/p>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t\t <div>\n\t\t\t\t\t\t\t<p>An ample availability of vehicles for buying and selling<\/p>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t\t <div>\n\t\t\t\t\t\t\t<p>Investing in cars with strong, demonstrated demand through multiple economic cycles<\/p>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t\t <div>\n\t\t\t\t\t\t\t<p>Investing in automobiles that historically have had no significant losses in value<\/p>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t\t <div>\n\t\t\t\t\t\t\t<p>As physical assets, collectible cars have demonstrated the smallest maximum drawdowns of any asset class on record<\/p>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t  <\/div>\n\t\t\t\t   <\/div>\n\t\t\t\t<\/div>\n\t\t\t <\/div>\n\t\t  <\/div>\n\t\t  <div class=\"col col-2\">\n\t\t\t <ce oet=\"s6_3\">\n\t\t\t\t<h3>Qualitative Attributes<\/h3>\n\t\t\t\t<div class=\"infog2\">\n\t\t\t\t   <svg version=\"1.1\" id=\"Layer_1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" x=\"0px\" y=\"0px\"\n\t\t\t\t\t  viewBox=\"0 0 1008.9 998.2\" style=\"enable-background:new 0 0 1008.9 998.2;\" xml:space=\"preserve\">\n\t\t\t\t\t  <circle class=\"st0\" cx=\"505\" cy=\"499.8\" r=\"319.2\"\/>\n\t\t\t\t\t  <g class=\"links\">\n\t\t\t\t\t\t <path class=\"st6\" d=\"M504.9,180.9c68.5,0,132,21.6,183.9,58.3l98.1-137.9C707.4,44.5,610,11.1,504.9,11.1\n\t\t\t\t\t\t\tC400,11.1,303,44.3,223.6,100.7l98.1,138C373.6,202.3,436.7,180.9,504.9,180.9z\"\/>\n\t\t\t\t\t\t <path class=\"st6\" 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d=\"M165.7,325.8l-5.9,0.8c0,0.1-0.1,0.3-0.3,0.6l-1.7,3.4l4.4,2.2l-1.4,2.8l-15-7.6l3.1-6.2\n\t\t\t\t\t\t\t   c0.7-1.3,1.5-2.3,2.4-3.1c0.9-0.7,1.9-1.2,3-1.3c1.1-0.1,2.1,0.1,3.2,0.7c1.1,0.6,2,1.3,2.5,2.3c0.5,1,0.7,2.1,0.6,3.3l6.7-0.9\n\t\t\t\t\t\t\t   L165.7,325.8z M153.3,320.7c-0.8,0.4-1.6,1.2-2.2,2.4l-1.7,3.3l6,3l1.7-3.3c0.6-1.2,0.8-2.3,0.6-3.2c-0.2-0.9-0.8-1.6-1.7-2.1\n\t\t\t\t\t\t\t   S154.1,320.4,153.3,320.7z\"\/>\n\t\t\t\t\t\t\t<path d=\"M156.4,307.6l1.5-2.7l14.6,8.3l-1.5,2.7L156.4,307.6z\"\/>\n\t\t\t\t\t\t\t<path d=\"M167,294.9l-2.9,4.7l-2.2-1.4l7.5-12.1l2.2,1.4l-2.9,4.7l12,7.5l-1.6,2.6L167,294.9z\"\/>\n\t\t\t\t\t\t\t<path d=\"M186.6,280.1l4.9,3.4l-1.8,2.6l-4.8-3.4l-12.7-0.8l1.9-2.7l9.5,0.6l-3.9-8.8l1.8-2.5L186.6,280.1z\"\/>\n\t\t\t\t\t\t <\/g>\n\t\t\t\t\t  <\/g>\n\t\t\t\t   <\/svg>\n\t\t\t\t   <div>\n\t\t\t\t\t  <div fx=\"{'slider':{'slide':-1,'checkViewport':1,'effect':'sFade','duration':200,'accordion':1,'accordionOneSlide':1,'mobile':267}}\">\n\t\t\t\t\t\t <div><a>Provenance<\/a><a>History<\/a><a>Rarity<\/a><a>Condition<\/a><a>Originality<\/a><a>Purity<\/a><\/div>\n\t\t\t\t\t\t <div>\n\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t   <p>Place of origin, documented authenticity and ownership history<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t   <p>Cultural influence, racing pedigree, and historical significance<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t   <p>Limited production, typically < 500 vehicles<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t   <p>Exceptional quality as exemplified by Concours d&#8217;Elegance (Competition of Elegance) \u201cBest of Show\u201d winners<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t   <p>Bona fide, numbers-matching survivors with meticulous proof of authenticity<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t   <p>Manual transmissions, naturally aspirated engines, and all other mechanical qualities desired by automotive enthusiasts<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t  <\/div>\n\t\t\t\t   <\/div>\n\t\t\t\t<\/div>\n\t\t\t <\/ce>\n\t\t  <\/div>\n\t   <\/div>\n\t   <div class=\"bottom\">\n\t\t  <div class=\"row row-1\">\n\t\t\t <ce oet=\"s6_4\">\n\t\t\t\t<p>\n\t\t\t\t   Drift capital diversifies investments across:\n\t\t\t\t<\/p>\n\t\t\t <\/ce>\n\t\t  <\/div>\n\t\t  <div class=\"row row-2\">\n\t\t\t <div fx=\"{'slider':{'checkViewport':1,'accordion':1,'accordionOneSlide':1,'onstart':'draw_lines','effect':'fade','duration':200}}\">\n\t\t\t\t<div>\n\t\t\t\t   <a>\n\t\t\t\t\t  <ce oet=\"s6_51\">Marques<\/ce>\n\t\t\t\t   <\/a>\n\t\t\t\t   <a>\n\t\t\t\t\t  <ce oet=\"s6_52\">Models<\/ce>\n\t\t\t\t   <\/a>\n\t\t\t\t   <a>\n\t\t\t\t\t  <ce oet=\"s6_53\">Era<\/ce>\n\t\t\t\t   <\/a>\n\t\t\t\t   <a>\n\t\t\t\t\t  <ce oet=\"s6_54\">Geographies<\/ce>\n\t\t\t\t   <\/a>\n\t\t\t\t   <a>\n\t\t\t\t\t  <ce oet=\"s6_55\">Classification<\/ce>\n\t\t\t\t   <\/a>\n\t\t\t\t<\/div>\n\t\t\t\t<div>\n\t\t\t\t   <div>\n\t\t\t\t\t  <ce oet=\"s6_61\">\n\t\t\t\t\t\t <p>An investable universe of over 1,000 unique makes.<\/p>\n\t\t\t\t\t  <\/ce>\n\t\t\t\t   <\/div>\n\t\t\t\t   <div>\n\t\t\t\t\t  <ce oet=\"s6_62\">\n\t\t\t\t\t\t <p>With a proprietary data set of transactions spanning nearly half a century, Drift optimizes which specific models to invest in based on tens of thousands of verifiable sales.<\/p>\n\t\t\t\t\t  <\/ce>\n\t\t\t\t   <\/div>\n\t\t\t\t   <div>\n\t\t\t\t\t  <ce oet=\"s6_63\">\n\t\t\t\t\t\t <p>Investing in legendary automobiles throughout all periods of history.<\/p>\n\t\t\t\t\t  <\/ce>\n\t\t\t\t   <\/div>\n\t\t\t\t   <div>\n\t\t\t\t\t  <ce oet=\"s6_64\">\n\t\t\t\t\t\t <p>Investing in cars designed and manufactured from all over the world.<\/p>\n\t\t\t\t\t  <\/ce>\n\t\t\t\t   <\/div>\n\t\t\t\t   <div>\n\t\t\t\t\t  <ce oet=\"s6_65\">\n\t\t\t\t\t\t <p>Investing across any class of car: coup\u00e9s, sedans, roadsters, sports cars, grand tourers\/gran turismo, muscle cars, track cars, racecars, berlinettas, limousines, rally cars, offroaders, supercars, hypercars, and concept cars\u2026 to name a few.<\/p>\n\t\t\t\t\t  <\/ce>\n\t\t\t\t   <\/div>\n\t\t\t\t<\/div>\n\t\t\t <\/div>\n\t\t  <\/div>\n\t\t<\/section>\n\t   <\/div>\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Asset Class Analysis A thorough investment thesis begins with an objective analysis of the data. Leveraging proprietary research that spans over four decades, Drift Capital has identified the characteristics of what defines a car as investment-grade. INVESTMENT-GRADE CARS CAPITAL PRESERVATION With the smallest maximum drawdowns of any asset class, and similar average drawdowns as global [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-8","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>INVESTMENT RESEARCH - Drift Capital<\/title>\n<meta name=\"description\" content=\"Discover Drift Capital&#039;s strategy in high-value car investments, diversifying across marques, models, eras, and geographies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/driftcapital.com\/?page_id=8\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTMENT RESEARCH - 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