The objective of the fund is to seek capital growth though investment in a broad portfolio pf international stocks (and on occasion in convertible or straight bonds). The ACD will identify core themes that it considers offer attractive long term investment opportunities to shareholders and the fund will be invested in accordance with these themes. The themes will be kept under review by the ACD and will change from time to time. There will be no restriction by geographical or industrial sector. It is the intention that of the ACD that the majority of the holdings within the fund will be of large and medium size stocks, and that any foreign currency exposure will be hedged back into sterling.
Harry Talbot Rice (Started: May 12, 2009)
Sarasin & Partners LLP
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