This was our first introduction to the strategy. The instant feel is that this is very different to other global strategies and does not have any of the usual mega caps seen in other funds. They see this as a one stop shop fund which focuses on megatrends and the drivers of disruption. It has more of a bias to mid-cap companies and has an active share class of 95%, with around 60 holdings.
The areas they like are Digital Economy (54.3%), Life Science and Healthcare (26.1%), Industry 4.0 (13.1%) and Earth (6.4%). The primary aim is to identify and invest in disruptive or emerging trends through a blended approach. They have identified 28 sub-sectors and they constantly look to monitor, update, and improve this.
All stocks are rated between A and D to provide the balance between risk and reward:
A – more than 2%
B – 1.5% to 2%
C – 1% to 1.5%
D – less than 1%