| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | |
| Manager Comments | The manager noted that the performance was driven by the quality of the companies in the portfolio as well as patience. There were 24 investments and cash levels of 2.5%. The Fund's themes continue to be emerging market consumption growth (representing 27% of the portfolio), US interest rates (14%), a move to the cashless economy (14%), US housing (13%) and internet/e-commerce (11%). The manager continues to see Europe experiencing low growth but is more constructive on the outlook for the US and China. Also notable is that the portfolio is structured to take into account the potential for a rapid readjustment of bond and foreign exchange markets once current policy stimulus by global central banks is withdrawn. |
| More Information | » View detailed profile of this fund |
