Investment objective
The investment objective of the Fund is to provide income and capital growth over the long term (5 years +). The Fund aims to achieve this objective by investing at least 80% in a diversified portfolio of shares in companies in any geographical location. The Fund may also invest in other transferable securities such as government bonds and corporate bonds, collective investment schemes (including those managed or operated by the ACD), money market instruments, deposits, cash and near cash. Derivatives (sophisticated investments linked to the rise and fall of one or more underlying assets) may be used for efficient portfolio management purposes.
It is expected that the portfolio will be relatively concentrated (typically around 30-39 stocks). The Fund seeks to generate income and capital growth with a robust and disciplined investment process that focuses on investing in companies typically offering an attractive combination of growth, profitability, and stability, and holding them for the long term (5 years +).