To provide a rising level of income with some capital growth by investing in UK and overseas companies. In providing an above average level of income, particular attention will be paid towards capital preservation. The Fund invests at least 80% in UK companies together with some international companies.
The investment philosophy is based on the belief that macro-thematic analysis the identification and interpretation of major economic, political and social developments affecting the UK and the rest of the world offers scope to add long-term investment value. The fund managers actively seek sources of asymmetric information, views and opinions to support the identification and evaluation of potential investment themes. Identifying such themes, and assessing their implications for investment markets and individual industries, provides the framework for the construction of the portfolio. As a result, sector exposures in the Macro funds may differ significantly from those of the market and many of their sector peers.