he fund's equity investments are not constrained by market capitalisation or industry group, but each stock embodies a set of common characteristics: Each has been carefully researched, each is believed to be capable of delivering above average returns given our view of the prevailing circumstances, and the fund manager visits the management of each company. Our core holdings focus on companies where we believe high returns can be sustained, and where we believe management has the strength and vision to prosper through their own efforts in both good times and bad.

The fund was launched in December 2003. For recent performance data and portfolio structure, please see the latest monthly report.