The fund has two aims:
- to provide a combination of capital growth and income to deliver a return that is higher than that of the global stockmarket over any five-year period;
- to increase the income stream every year in US dollar terms.
Investment policy and strategy
Core investment: At least 80% of the fund is invested in the shares of companies across any sector and of any size that are domiciled in any country, including emerging markets*. The fund usually holds shares in fewer than 50 companies.
Other investment: The fund also holds cash or assets that can be turned quickly into cash.
* Emerging market countries are defined as those included within the MSCI Emerging Markets Index and/or those included in the World Bank’s definition of developing economies, as updated from time to time.
Strategy in brief: The investment manager focuses on companies with the potential to grow their dividends over the long term. The investment manager selects stocks with different sources of dividend growth to build a fund that has the potential to cope in a variety of market conditions.
Performance comparator: The fund is actively managed. The MSCI All Countries World Index is a point of reference against which the performance of the fund may be measured.
Dividends: A share in the profits of a company paid out to the shareholders at set times of the year.