An Unconstrained and Flexible Approach to Accessing Long-Term Growth

The key to long-term growth, we believe, is a flexible approach that balances a long-term outlook with near-term risks. The team seeks to realize consistent investment returns throughout various market cycles, while maximizing risk-adjusted returns.

Attractive Growth Potential

An actively managed portfolio of US companies with strong cash flows, shareholder-friendly actions and poised for potential earnings growth.

High-Quality Focused

Bottom up, fundamental research aims to identify high-quality, reasonably valued, medium and large capitalization US companies, with the potential to deliver earnings growth above estimates over three to five years.

Flexible Risk-Managed Approach

The team follow a flexible, style-agnostic approach, adjusting exposure based on market environments. The aim is to minimise volatility of returns through industry diversification.

The value of an investment can go down as well as up and investors may not get back the full amount they invested. Capital is at risk.

An Experienced Team

Our portfolio managers, backed by a dedicated team of fundamental research analysts, bring deep experience and perspectives. Their flexible approach allows them to integrate top-down views with best ideas to drive long-term investment returns.

Investment Risks to Consider

These and other risks are described in the Portfolio's prospectus

Investment in the Portfolio entails certain risks. Investment returns and principal value of the Portfolio will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Some of the principal risks of investing in the Portfolio include:

  • Allocation risk: The risk that the allocation of investments between growth and value companies may have a more significant effect on the Portfolio’s Net Asset Value (NAV) when one of these strategies is not performing as well as the other. In addition, the transaction costs of rebalancing the investments may, over time, be significant.

  • Derivatives risk: The Portfolio may include financial derivative instruments. These may be used to obtain, increase or reduce exposure to underlying assets and may create gearing; their use may result in greater fluctuations of the net asset value.

  • Emerging-markets risk: Where the Portfolio invests in emerging markets, these assets are generally smaller and more sensitive to economic and political factors, and may be less easily traded, which could cause a loss to the Portfolio.

  • Equity securities risk: The value of equity investments may fluctuate in response to the activities and results of individual companies or because of market and economic conditions. These investments may decline over short- or long-term periods.

  • Focused portfolio risk: Investing in a limited number of issuers, industries, sectors or countries may subject the Portfolio to greater volatility than one invested in a larger or more diverse array of securities.

  • OTC derivatives counterparty risk: Transactions in over-the-counter (OTC) derivatives markets may have generally less governmental regulation and supervision than transactions entered into on organized exchanges. These will be subject to the risk that its direct counterparty will not perform its obligations and that the Portfolio will sustain losses.

  • Portfolio turnover risk: A portfolio may be actively managed and turnover may, in response to market conditions, exceed 100%. A higher rate of portfolio turnover increases brokerage and other expenses. High portfolio turnover may also result in the realization of substantial net short-term capital gains, which may be taxable when distributed.

  • Smaller capitalization companies risk: Investment in securities of companies with relatively small market capitalizations may be subject to more abrupt or erratic market movements because the securities are typically traded in lower volume and are subject to greater business risk.

Fund Literature