Summary

Capital preservation first. Investment returns second. Our absolute return global growth equities fund aims to combine our concentrated portfolio of global growth equities while utilising our capital preservation tools such as increased cash levels, shorts, put options, currency hedging and equity exposure management to "smooth" the investment journey.

Key facts

Investment

Global equities

Strategy

Growth - managed fund

Fund type

Long / short absolute returns

Area of Interest

Number of positions

30-50

Fund inception

1 August 2016

Minimum suggested investment period

3-5 years

Pricing

Daily

Distributions

Annual

Suitability

The Fund's investment objective is to provide meaningful, risk adjusted, absolute returns through exposure to global growth equities over the medium to long term, while maintaining a capital preservation mindset.

You may consider this fund if you are looking to invest in global growth equities for at least 3-5 years, accessing  leading-edge companies at the forefront of structural change but are concerned about short term market volatility or underlying growth company valuations.

This Fund is not suitable for those investors with a short investment time horizon (less than 3 years), seeking regular income or does not have a high tolerance for risk given exposure to equities.

How it's different

Each of Munro's funds are focused on finding global structural growth winners, however the Munro Global Growth Fund aims to generate ‘absolute returns’, that is, positive returns, regardless of equity market movements over an investment cycle.

The Fund uses capital preservation tools such as increased cash levels, shorts, put options, currency hedging and equity exposure management, especially during market volatility.  

Our Chief Investment Officer, Nick Griffin, explains the Munro Global Growth Fund and the investment process in this 12 minute video:

TOP 5 HOLDINGS

Danaher (US)

5.7%

Microsoft (US)

5.5%

Alphabet (US)

5.3%

Amazon (US)

4.9%

ServiceNow (US)

4.2%

Full portfolio (lag)

RegionAL Exposure

United States

65%

Europe

17%

Asia

6%

Cash

12%

Performance
Unit pricing