Fund Objective

The fund’s investment objective is to provide capital growth through investment in European and other companies. The emphasis of the fund will be investment in European companies. The fund may also invest in companies headquartered or quoted outside Europe where those companies have material or critical operations within or derive significant business from Europe. Fixed interest securities may be included in the portfolio. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments.

View on Past Performance

One of the fund's main characteristics is the flexibility to invest without having to follow a particular stockmarket index. In other words, we can invest in any stock in Europe where its future prospects are not reflected in its current share price. We maintain an exposure to a diversity of companies across Europe, including those with defensive characteristics that should outperform in the event of a slowdown.

Future Expectations

We are particularly attracted to companies with good track records over a long period of time; industry leaders; operators in markets with limited competition and high barriers to entry; or firms whose fortunes do not closely track the economic cycle. We do not explicitly follow themes or take bets on what will happen in the wider economy.Our focus is on finding and meeting companies with strong underlying businesses, solid market positions, good long-term growth drivers and excellent management teams. We believe this investment strategy will reward investors with superior long-term performance.

Fund Details