Bestinvest says
The fund has demonstrated remarkable outperformance of global equity benchmarks since inception in 2000. However, despite investing globally, the fund's returns have been strongly correlated to those of emerging markets - investors may wish to consider a diversified emerging markets fund instead.
The investment focus is on companies that are considered the ‘building blocks’ of the world’s economy: ‘primary’ industries (companies involved in the extraction of raw materials) and ‘secondary’ industries (companies involved in the conversion of materials into products and services). Key to the fund’s strategy is the identification of fundamental themes – shifts in economies and consumer behaviour – that will have large impacts on companies. Essentially the manager looks for companies that will benefit from the expansion of development needs of the global economy as it becomes more advanced: from basic materials, through infrastructure, to branded consumer goods. The fund has a bias towards asset-rich companies and those the manager believe can grow independently of the economic environment.