The fund’s investment objective is to provide capital growth through investment in UK and other companies. In order to achieve the objective the manager will invest in a focussed portfolio of securities. The emphasis of the fund will be investment in UK companies. The fund may also invest in companies headquartered or quoted outside the UK where those companies have material or critical operations within, or derive significant business from, the UK. 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.
Specifically, we look to identify between 20 and 40 large and medium-sized companies that we believe have strong business models, healthy balance sheets and as yet unrecognised long-term potential. This results in a portfolio of our best ideas, consisting of holdings that we believe can each deliver an attractive absolute return over a reasonable period of time.The fund has delivered significant returns since its launch by taking this approach and we are confident that it can continue to perform well in the year ahead.