Investment Philosophy
The investment objective of the Global Equity Fund is long-term capital appreciation and income. The Fund seeks to achieve its objective by identifying companies that have good growth prospects and is a prime position for capital appreciation. The team uses bottom-up fundamental analysis to identify attractive securities, to create a concentrated low-turnover portfolio positioned to outperform its benchmark, the MSCI World Index on both a risk-adjusted.Security Selection Methodology
Investment Style:
- Global All Cap
Market Cap Universe:
- >$100MM
General Investment Mandate:
- Long only
- ADR ≤ 10%
- No one security can account for >10% of the portfolio
- Annual turnover ratio will be ≤ 50%, but, with the permission of the SIF instructor, can be >50%
- Cash ≤ 10%
- Sell if fraud is announced (or suspected)
Additional Concentration Guidelines:
- Position weightings ≤ 10% at cost
- Industry weights ≤ 20%
- Sector weights ≤ 25%
- Country weights (excluding US) ≤ 20%
- Emerging markets ≤ 25% and emerging country weights ≤ 10%
Benchmark:
- MSCI All Country World