FOCUS FUND:

BNY Mellon Long-Term Global Equity Fund

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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

Walter Scott’s distinctive investment process is ideally suited to managing global equity portfolios; from a global investment universe, the firm’s team of investment professionals has a long track record of identifying and holding shares in world-class companies, with the aim of allowing them to realise their growth potential and compound returns over the long term.

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.

Related reading

Walter Scott holds firm in the teeth of the Covid storm

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.

Millennials and consumer trends

A look at who millennials are, their spending habits, how they approach sustainability, health, and travel and the impact this has on investing.

A fund manager’s diary

An account of how events unfolded during the COVID-19 pandemic and what steps Walter Scott took to safeguard their holdings.

About Walter Scott

Walter Scott & Partners Limited is a classical, fundamental and long-term global equity investment management firm.

Ready to invest in the fund?

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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