Category: Open Ended Investment Company
Objective: The Fund aims to achieve capital growth over the long term (at least five years). Policy: The Fund invests in shares of companies around the world. The Fund may invest in both developed and emerging market countries. Emerging market countries are those which are not classified as developed markets by MSCI or FTSE, or which are categorised by the World Bank as middle or low-income, or which are not members of the Organisation for Economic Co-operation and Development. The Fund invests in shares of high quality companies which are positioned to benefit from, and contribute to, the sustainable development of the countries in which they operate. Investment decisions around high quality companies are based on three key points: Quality of management including integrity, attitude to environmental and social impacts, corporate management, long term performance and risk. Quality of the company including its social usefulness, their environmental impacts and efficiency and responsible business practices. Quality of the company’s finances and their financial performance. Sustainability is a key part of the approach. The Fund may invest up to 10% in other funds. The Fund may use derivatives to reduce risk or to manage the Fund more efficiently. Strategy: The Manager’s investment strategy is founded on the principle of stewardship, allocating capital to good quality companies with sound growth prospects and strong management teams. The Manager’s investment style is inherently long-term and conservative, seeking to buy and hold high quality companies that can deliver acceptable returns over the long-term (at least five years). Benchmark: The Fund’s performance is compared against the value of the MSCI AC World Index and the Fund is included in the Investment Association’s Global Sector. The Fund's manager may use its discretion when deciding which investments should be held by the Fund. The Fund is actively managed; investment of the Fund’s assets is not constrained by the benchmark composition or sector requirements and the Fund’s manager has discretion within the Fund’s investment policy to invest in assets without regard to the benchmark. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within five years. You will not receive any income from your investment. Any income will be rolled up into the value of shares in the Fund. You can buy and sell shares in the Fund on any business day. As long as we receive your instruction before 12 noon (UK time), shares will be bought at that day's price.