The fund aims to provide a combination of capital growth and income to deliver a return that is higher than that of the global stockmarket over any five-year period.
Investment policy and strategy
Core investment: At least 80% of the fund is invested in the shares of companies across any sector and of any size and from anywhere in the world, including emerging markets.
Other investment: The fund may also invest in other funds, cash or assets that can be turned quickly into cash.
Strategy in brief: The investment process involves the identification of ‘themes’ arising from changes within economies, industries and societies that happen over time and finding companies that can take advantage of them.
Themes are identified through the analysis of global macroeconomics, demographics, government policies and spending, and technological innovation, among other considerations. The investment manager then selects stocks that can benefit from these themes on the basis of the companies’ quality, growth prospects and valuation.
Performance comparator: The fund is actively managed. The MSCI ACWI Net Return Index is a point of reference against which the performance of the fund may be measured.
Risks associated with the fund
The value of investments and the income from them will rise and fall. This will cause the fund price, as well as any income paid by the fund, to fall as well as rise. There is no guarantee the fund will achieve its objective, and you may not get back the amount you originally invested.
Changes in currency exchange rates will affect the value of your investment.
Where market conditions make it hard to sell the fund’s investments at a fair price to meet customers’ sale requests, we may temporarily suspend dealing in the fund’s shares.
Some transactions the fund makes, such as placing cash on deposit, require the
use of other financial institutions (for example, banks). If one of these institutions
defaults on their obligations or becomes insolvent, the fund may incur a loss.
The fund invests mainly in company shares and is therefore likely to experience larger price fluctuations than funds that invest in bonds and/or cash.