FIL UK is an active, growth-oriented manager which aims to achieve long-term capital appreciation through a bottom-up approach. They focus on individual companies, seeking to identify fundamental value in stocks. Their geographic focus is global.The firm conducts fundamental research, focusing on business franchise, trading environment, valuation, and management. Top-down considerations complement their approach, with particular attention paid to political, environmental and social issues likely to impact a company's potential. Positions are usually significant in size and long-term in duration.FIL UK is heavily research-oriented and does not rely on sell-side research. Fund managers and analysts aim at personally visiting the companies in which they invest at least twice a year. Asset management is team-oriented and portfolios are peer-reviewed.