Investment Objective
The Fund objective is to achieve capital appreciation in excess of its cash benchmark by investing primarily in securities, globally, using derivative strategies where appropriate. The Fund will primarily invest in a portfolio of equity and equity linked securities (including depository receipts, warrants and other participation rights), index and participation notes, equity linked notes, commodity index instruments, convertible securities, fixed and floating rate debt securities, deposits with credit institutions and money market instruments. Issuers of these securities may be located in any country, including emerging markets.
Reference Index
ICE 1 Month EUR LIBOR
Latest Meeting Note
Meeting Report 25 Jun 2015
We recently met with James Elliot and Shrenick Shah, portfolio managers of the Global Capital Appreciation Strategy. The investment process looks to identift the key macro-economic trends that drive markets and then exploit these through...
We recently met with James Elliot and Shrenick Shah, portfolio managers of the Global Capital Appreciation Strategy. The investment process looks to identift the key macro-economic trends that drive markets and then exploit these through both market return (beta linked) and relative value strategies. In addition this is an inbuilt dynamic hedging strategy designed to protect the portfolio from specific macro-event risk. Thanks to the beta-linked returns the fund has the potential to deliver attractive absolute returns and has done so since the team took over.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.5 | 0.0 | 0.4 | 0.1 | 0.5 | 0.6 | 0.7 | 0.2 | 0.8 | 0.3 | 0.7 | 1.0 | 0.2 | |
| 2022 | 0.7 | 0.7 | 0.8 | 0.4 | 0.7 | 0.5 | 1.0 | 0.8 | 0.3 | 0.2 | 0.3 | 0.1 | 0.6 |
