International Equity

Strategy highlights

: Clear investment philosophy focused on investing in businesses with strong underlying assets, but where we believe these assets are significantly undervalued by the market

Actively managed strategy which is not constrained by any sector or industry restrictions, though the portfolio managers will be aware of the composition of the benchmark when constructing portfolios

Stock selection driven by bottom-up proprietary research which is underpinned by our multidimensional approach

Learn more about our multidimensional investment philosophy

Strategy profile

Objective: The strategy seeks to outperform the MSCI EAFE Index (NDR) by 2% per annum (before fees) over a full market cycle by achieving long-term capital growth from a portfolio of global securities (ex-US).¹
Performance benchmark: MSCI EAFE (NDR)²
Typical number of equity holdings: 55 to 80
Strategy inception: Composite inception: 1 November 1997
: ¹ The target stated is for indicative purposes only and may be changed without notice. Targeted return is generally aspirational in nature, is not based on criteria and assumptions, and is not a guarantee of future returns.

² The MSCI EAFE Index (NDR) performance benchmark is used as a comparator for this strategy. The strategy does not aim to replicate either the composition or the performance of the performance benchmark.

Investment team

The strategy is managed by an experienced team with a wide range of backgrounds. In-house research analysts are at the core of our investment process, and our multidimensional research capabilities help to promote better-informed investment decisions.

Want to find out more?

Louise Kernohan

Head of Global Opportunities

Georgina Gregory

Portfolio manager, Global Opportunities team

Tom Wilson

Portfolio manager, Global Opportunities team

Your capital may be at risk. The value of investments and the income from them can fall as well as rise and investors may not get back the original amount invested.

Key investment risks

: Objective/performance risk: There is no guarantee that the strategy will achieve its objectives.

Currency risk: This strategy invests in international markets which means it is exposed to changes in currency rates which could affect the value of the strategy.

Emerging markets risk: Emerging Markets have additional risks due to less-developed market practices.

Concentration risk: A fall in the value of a single investment may have a significant impact on the value of the strategy because it typically invests in a limited number of investments.

Counterparty risk: The insolvency of any institutions providing services such as custody of assets or acting as a counterparty to derivatives or other contractual arrangements, may expose the strategy to financial loss.