FOCUS FUND:
BNY Mellon Long-Term Global Equity Fund
To achieve long-term capital appreciation through investing primarily (meaning at least three quarters of the Fund's total assets) in a portfolio of equity and equity related securities of companies located throughout the world.
Fund Manager
Team approach
Fund Inception
24 Aug 2007
Why invest in this fund?
Aims to maintain and enhance long-term real value
Flexibility to pursue the best investment ideas
Unconstrained by benchmark considerations, the investment team has the freedom to pursue attractive equity opportunities anywhere in the world.
Low level of downside participation looks to reward patient investors
The Fund aims to give investors access to a distinctive return profile over the long-term (10 years); while the Fund will not typically capture all of the ‘upside’ in a sharply rising market, the Fund looks to demonstrate resilience in difficult conditions.
Fund performance
Calendar Year Performance (%)
2015 | 2016 | 2017 | 2018 | 2019 | YTD | |
Fund | 4.96 | 25.02 | 12.85 | 1.88 | 23.77 | 1.77 |
Performance Benchmark | 4.04 | 29.56 | 13.84 | -3.44 | 22.31 | -0.32 |
Source for all performance: Lipper as at 31 July 2020. Fund Performance for the Sterling Income Shares calculated as total return, including reinvested income net of UK tax and charges, based on net asset value. All figures are in GBP terms. The impact of an initial charge (currently not applied) can be material on the performance of your investment. Further information is available upon request.
PERFORMANCE BENCHMARK
The Fund will measure its performance against the FTSE All World TR GBP Index as a comparator benchmark (the “Benchmark”). The Fund will use the Benchmark as an appropriate comparator because it includes a broad representation of the asset class, sectors and geographical areas in which the Fund predominantly invests. The Fund is actively managed, which means the Investment Manager has absolute discretion to invest outside the Benchmark subject to the investment objective and policies disclosed in the Prospectus. While the Fund’s holdings may include constituents of the Benchmark, the investment weightings in the portfolio are not influenced by the Benchmark. The investment strategy does not restrict the extent to which the Investment Manager may deviate from the Benchmark.
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As March’s stock-market slump gave way to a robust second-quarter recovery, Walter Scott’s¹ Long Term Global Equity team held steady with no major changes to its portfolio. The Long Term Global Equity Strategy has come through the crisis in good shape, and the team believes that its long-term focus stands to benefit in the months and years ahead.
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About Walter Scott
Walter Scott & Partners Limited is a classical, fundamental and long-term global equity investment management firm.
Past performance is not a guide to future performance.
The value of investments can fall. Investors may not get back the amount invested. Income from investments may vary and is not guaranteed.
Objective/Performance Risk: There is no guarantee that the Fund will achieve its objectives.
Currency Risk: This Fund invests in international markets which means it is exposed to changes in currency rates which could affect the value of the Fund.
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