Fund aim

  • Long-only global growth fund with an emphasis on capital growth and capital protection through the cycle. It will only invest in companies that meet our rules for environmental and social responsibility.

Why should I buy?

  • Consistently good performance against the sector average with an award-winning team and investment process.
  • Concentrated portfolio of best ideas combined with the tactical use of cash and index options to protect capital gains.
  • Geographic diversion allows the Fund to benefit across markets and gain exposure to high growth markets.
  • Process benefits from constructive dialogue with companies via active voting and engagement programmes.

Performance

Launch Date: 19 February 2001

Fund Size: £102m as at 30/06/2015

No. Stocks: 40-60*

IMA Sector: Flexible Investment

* Please read the fund factsheet for the actual number of stocks held at the most recent quarter end.

Outlook

  • Economic growth continues to improve at the margin, with the US economy remaining relatively strong, and Japan and Europe improving.
  • More liquidity from Central banks in China, Europe and Japan, this should continue to underpin strong equity markets.
  • Greece presents near term risk but the start of the US interest rate cycle at the end of 2015, or early 2016, is the clearest risk to global equity markets – we plan to use options to protect capital.

Year on Year Performance


Source: FE, performance data up to month end, bid to bid, net income reinvested.
* Availability of this share class is subject to a minimum investment level. Please see the relevant Key Investor Information Document (‘KIID’) and the Supplementary Information Document ‘SID’) for more details.
** Share Class 1

Past performance is not a guide to future performance. Investments can go down as well as up. You may get back less than you originally invested.

The Fund has holdings which are denominated in currencies other than Sterling and may be affected by movements in exchange rates. Consequently the value of an investment may rise or fall in line with the exchange rates. Investments in emerging markets may involve a higher element of risk due to less well regulated markets and political and economic instability. Funds which undertake ethical screening to meet their investment aims are unable to invest in certain sectors and companies. Our exclusion of some areas of the market (on ESG grounds) may result in periods of underperformance with respect to relevant benchmarks. For instance if tobacco stocks were enjoying extremely strong returns we would not be able to participate in their gains. The Fund can invest in derivatives. Derivatives are used to protect against currencies, credit and interests rates move or for investment purposes. There is a risk that losses could be made on derivative positions or that the counterparties could fail to complete on transactions.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.