Page 37 - Taking Stock 22 Summer 2019

Summer 2019 Taking Stock Product Spotlight It is expected that over the long term the Fund will exhibit a lower risk of capital loss than broader global equity markets. This is because the investment team only take risks that they understand and are compensated for – that is, they allocate capital to risks where they believe they have competence and skill, and avoid risks where they have no insight or edge. What type of investments does the Fund hold? The Fund invests in what are considered to be global exceptional companies with strong company fundamentals and growth potential. These exceptional companies are actively selected using the team’s highest conviction investment ideas, and are not constrained by benchmarks, sectors or geographies. The Fund may also invest up to 20% of its net assets in Chinese A-shares (shares of mainland China-based companies) traded on the Shanghai and Shenzhen stock exchanges. In addition, it can hold cash on deposit and invest in eligible money market funds where this is consistent with the investment objective. !BACK TO FEATURES 37