Global Tobacco: Analyzing the Legal Risks


Vontobel is focused on investing in companies with predictable earnings growth along with other durable strengths such as competitive advantage, barriers to entry, balance sheet strength and good management. These are the key traits we require for all our investments. We realize, however, that tobacco investments aren’t without controversy and legal risk. And we are often asked why we choose to invest in an industry that faces such frequent and litigious opposition.