Our Investment Philosophy

Our investments philosophy is simple: in order to stay ahead let us go backward, back to basics. The portfolio managers target outperforming the MSCI AC World in the long term by selecting quality companies listed across the globe and bought at a reasonable price.

• We identify and invest in world leading companies that benefit from a unique franchise. Solid moats offer them a unique competitive advantage enabling them to survive over the long term, rewarding investors. Determining the competitive advantage of a company and the durability of that advantage is key to our stock picking.

• But we also pay attention to valuations, as we require a margin of safety to allow for human error, bad luck or extreme volatility in a complex, unpredictable and rapidly changing world.

• Finally, we are patient as we know that successful investing takes time and discipline. We aim to own stocks for at least five years enabling companies to demonstrate the strength of their business model beyond short term volatility or market events.

• Our investment strategy is totally benchmark agnostic. We are stock pickers, investing in companies that have been thoroughly analysed, bought at a reasonable price and are to be owned over the long term.

Investment risk factors :

Investors should be aware of the risks inherent to the instruments or investment objectives. The list below aims at describing the main risks inherent to the investment in the Fund and it is non-exhaustive. Investors are invited to see the prospectus (Chapter 5: Risk factors) and to ask for advice from their legal, tax or financial advisor(s).

-          Market risk
-          Equity risk
-          Risks associated with mid-cap companies
-          Risks associated with recently issued transferable securities and money market instruments
-          Interest rate risk
-          Credit risk
-          Counterparty risk
-          Operational risk
-          Currency risk
-          Liquidity risk
-          Valuation risk
-          Financial derivative instrument risk
-          Emerging market risk
-          Investment restrictions relating to techniques and instruments aimed at hedging exchange risks
-          Foreign securities
-          Class Hedging risk
-          Depositary risk
-          Effect of substantial withdrawals
-          Market suspension risk
-          Political risk
-          General economic conditions
-          Sustainability risk