The Fund seeks to achieve this objective by investing principally in a portfolio of equity securities in various markets around the world.
The Fund intends to invest in securities issued by a range of high quality companies which would include but is not limited to companies that have some or all of the following characteristics: (i) high quality management that focuses on shareholder value and corporate governance; (ii) a global presence, (iii) strong balance sheet with low levels of debt and high proportion of shareholder equity; (iv) a track record of generating high quality earnings and payment of dividends or engaging in share buy-backs. In order to achieve this objective, the Fund will have a global mandate and can invest in any market anywhere in the world. However, the Fund will have a majority of its investments in companies with a market capitalisation of at least US$1 billion or the equivalent. The aim of the Fund is to select companies for the long term and not to actively trade in and out of positions.