Page 35 - Taking Stock 22 Summer 2019

Taking Stock Fund description The AMP Capital Global Companies Fund gives investors access to a concentrated portfolio of exceptional companies with strong wealth creation credentials. The capability is designed to speci cally to deliver on client objectives (rather than a benchmark) and capitalise on the investment team’s edge and experience. The Fund typically looks to hold around 25-35 companies, suf cient to achieve diversi cation of stock speci c risks, while also maintaining optimum focus on the most ef cient trade-off between long-term risk and return. The key criteria is always to understand companies in the context of wealth creation and the strength of three pillars: 1. Competitive advantage – superior, persistent and protected cash ows. 2. Runway for growth – enduring and non-cyclical growth tailwinds. 3. Capital allocation – the skill to reinvest cash ows wisely. This wealth creation framework is underpinned by a fundamental, research driven, long-term philosophy and process. By investing in long-term wealth creating companies, it means the Fund is capable of delivering strong performance in a fast-changing investment environment. ❝OUR INVESTMENT TEAM IS MOTIVATED ONLY BY PHILOSOPHICAL BELIEFS AND ALIGNMENT WITH LONG-TERM WEALTH CREATION." Simon Steele Head of Global Equities 35