ASB Capital

ASB Investment Management is the equity and fixed income management division of ASB Capital Management. Offices are in Washington, D.C. and Chicago. With $7.0 billion under management as of July 2011, ASB Investment Management has a long record of managing equity and fixed income.

Investment process

Our strategy is to identify companies that are market leaders within each sector through a multi-factor process. We evaluate the general economic environment and its effect on each industry and the markets (top-down analysis). We assess how each management team is positioned to take advantage of present conditions and how they are poised to benefit from our forecasts (bottom-up analysis). We evaluate sectors of the market and how each performs relative to its position in the business cycle. We then select individual names within each sector after considering their historical valuation ranges and growth prospects.

Company background

The institutional investment management group within American Security Bank’s Trust Division was spun off in 1983 to form ASB Capital Management. In 1997, the B.F. Saul II family acquired ASB Capital Management, which it maintains through its ownership of Chevy Chase Trust Holdings, Inc. The Sauls have been leaders in Washington, D.C.'s financial industry since 1892, with holdings variously in investment management, banking, mortgage financing, real estate and insurance.