The Fund has a concentrated portfolio of 45 to 55 stocks. This is facilitated by the greater liquidity offered by a higher weighting to European large cap stocks which are likely to comprise two thirds of the names held in the fund. There is no upper cap on individual holdings.
The fund’s managers do not reference a company’s sector or domicile: they will instead invest in businesses that are best of breed on a global level putting a greater emphasis on where their sales are generated than on their country of origin.
The Fund has the flexibility to be up to 10% invested in global stocks. This offers the managers the freedom to pursue specific investment themes and opportunities which are not available in Europe. Additionally, the fund may have an allocation of up to 5% to the UK and there will be no constraints on its exposure to the Swiss market.
The Fund will offer an income share class for those investors requiring a level of income although this will not be a principal objective for the fund.