Global Equity Fund

Objective

To grow your capital at a pace that significantly exceeds inflation through exposure to a collection of leading businesses around the world.

Is This Fund For You?

You have a reasonable investment time horizon (over 5 years) and a moderate to high tolerance for risk. Consider this fund if you seek exposure to a concentrated portfolio of companies in Europe, North America and Asia.

Geographic Profile

Global: the portfolio manager invests in equities around the globe. Concentration is focused in the developed world — the United States, Europe and Japan in particular. The fund's geographic allocation may vary considerably based on where the best opportunities lie.

Estimated long-term equity mix:

Strategy

The fund concentrates its assets in around 50 stocks. To be considered for inclusion in the fund, a company must possess the following attributes: (1) a clear competitive advantage with significant barriers to entry; (2) strong pricing power; (3) an experienced and proven management team; and (4) a healthy balance sheet. In addition, the manager seeks companies where there is a key to unlocking value, such as a new CEO, restructuring program, or change of ownership. Finally, valuation plays a key role in all investment decisions.

Unitholder Responsibilities

  • This fund is designed to provide you with exposure to foreign equities and currencies; make sure it fits into your investment plan.
  • Understand the meaning of foreign market risk and the impact that foreign currencies can have on performance.
  • Learn about Velanne and their investment philosophy.
  • Keep in mind that a concentrated portfolio may have greater short-term volatility than an index.

Portfolio Manager

Velanne Asset Management

  • London-based investment boutique founded in 2017.
  • Controlled and managed by its working partners.
  • Experienced team led by Anne Gudefin, who has a proven track record of outperformance.
  • Invests in businesses of all sizes, applying a long-term, contrarian approach.
  • Tight, passionate crew with well-stamped passports. Charming accents are a bonus.