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Global Equities High Alpha Strategy
Key facts*
| Investment objective | The strategy aims to maximise total returns by investing globally in a diversified portfolio of equities |
| Lead portfolio manager | William Davies |
| Benchmark | MSCI AC World Index |
| Performance target | To outperform the benchmark by 3% per annum (gross of fees) over rolling 3-year period |
| Expected tracking error | c.3-6% |
| Investment universe | All exchange traded stocks with a
market cap in excess of US$1 billion (approximately 5,500
stocks) |
| Number of holdings | c.90-140 |
Philosophy
We believe that bottom-up portfolio construction based on fundamental analysis is the most effective way to generate outperformance. Our approach is based on the belief that not all companies are priced correctly by the market in the short-term and this presents an investment opportunity.
Process
The quality of our two stage research process, whereby the Global Equity team carries out its own proprietary research and also interacts with our regional equity and global sector teams, enables us to capture the best ideas for the portfolio. Our portfolios are then carefully constructed from the bottom-up, with sector and regional weights flowing from stock selection.
*All data as at 31 December 2011. Where references are made to portfolio guidelines or features, these may be subject to change over time and prevailing market conditions. Actual investment parameters will be agreed and set out in the prospectus or formal investment management agreement. Please note that the performance target may not be attained.