Category: SICAV

The fund’s objective is to achieve long-term growth in value, investing in shares of companies on a global basis. The fund’s approach is to be a long-term investor in its chosen shares of companies and it will not adopt short-term trading strategies. The fund has stringent investment criteria in selecting securities for its investment portfolio, investing in businesses: that can sustain a high return on operating capital employed; whose advantages are difficult to replicate; which do not require significant leverage to generate returns; with a high degree of certainty of growth from reinvestment of their cash flows at high rates of return; that are resilient to change, particularly technological innovation; whose valuation is considered to be attractive. The fund will not invest in other funds, property or derivatives nor hedge any currency exposure. The fund will not borrow money, except in unusual circumstances. The fund is actively managed meaning that the fund manager uses their expertise to select investments to achieve the fund’s objective. The fund does not track and is not managed by reference to any particular benchmark. The fund does not have any specific geographical or sector focus. An investor, or prospective investor, may invest or redeem their shares on demand. The dealing takes place on each business day (where it is a business day in Luxembourg), with the cut-off being 1:00pm. (CET). The price of any trades will be set by reference to the net asset value (“NAV”) of the fund calculated as at 1.00pm (CET). For the Accumulation Shares, the dividends are reinvested in the fund. For the Income Shares, the dividends are paid out to you from the fund. Recommendation: This fund invests for the long-term and may not be appropriate for investors who plan to withdraw their money within 5 years.