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