The Fund provides exposure to a concentrated portfolio of global equities by investing in securities which, in Walter Scott’s opinion, offer strong and sustained earnings growth.

The Fund aims to achieve a long-term total return (before fees and expenses) that exceeds the MSCI World ex Australia Index, in $A unhedged with net dividends reinvested (Benchmark).

Significant benefits

• Potential for long-term compound returns with a focus on high quality businesses which offer high earnings growth.

• Potential to benefit from a comprehensive stock selection process.

• Access to the knowledge and investment expertise of Walter Scott and their brand of conservative growth investing.

Investor Suitability

The Fund may be suitable for investors who are looking for an investment with the objective of the Fund listed above and are prepared to accept the risks of the Fund.

Investment Process

Walter Scott's fundamental bottom-up investment approach combines detailed financial analysis with qualitative research in screening the global share universe for companies that are likely to meet its investment criteria.

Once identified, Walter Scott then conducts intensive financial analysis to review the company's financial history. Revenue patterns are identified and profit growth and cash generation are considered over a business cycle. The structure and strength of the balance sheet is also considered in depth. If the preliminary financial analysis suggests the company is capable of meeting or exceeding Walter Scott's wealth-generating hurdle rates, detailed qualitative analysis is then undertaken. The investment portfolio is constructed with a primary focus on stock-based analysis. Country and sector exposures are a consequence of the search for what are in Walter Scott's view the best companies operating in the best sectors'. As a result of this investment approach, the structure of the portfolio is likely to differ substantially from the composition of the Benchmark. 

Walter Scott expects that on average, and based on long term experience, 15 to 25 per cent or less of the stocks in the portfolio will be turned over each year, which reflects their long-term buy and hold' approach. It is this long-term, classical and fundamental approach which defines Walter Scott's conservative style of growth investing.

Investment Strategy

• Provides exposure to a concentrated portfolio of high quality businesses which offer high earnings growth.

• Actively managed strategy using a benchmark unaware, fundamental, bottom-up and research driven approach to build, in Walter Scott's opinion, a portfolio of strong growth companies capable of generating wealth over long periods of time.

Walter Scott scours the global markets for what it believes are the world's best companies. Its fundamental, bottom-up investment approach combines detailed financial analysis with business and industry analysis.

Walter Scott's selective stock picking and ability to target companies capable of sustainable wealth generation has created a concentrated portfolio of stocks Walter Scott believes offer high growth potential.

The investment portfolio is constructed with a primary focus on stock-based analysis. Country and sector exposures are a consequence of the search for what are in Walter Scott's view the best companies operating in the best sectors'. As a result of this investment approach, the structure of the portfolio is likely to differ substantially from the composition of the Benchmark.

Walter Scott expects that on average, and based on long-term experience,15 to 25 per cent or less of the stocks in the portfolio will be turned over each year, which reflects their long-term 'buy and hold' approach.

It is this long-term, classical and fundamental approach which defines Walter Scott's conservative style of growth investing.