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The fund invests in high quality, well-established companies. Smith says he does “not seek to find tomorrow’s winners – rather, to invest in companies that have already won”. His approach is to pick a small selection of resilient, global growth companies that are good value, and stick with them. Only a handful of holdings have been changed since the fund’s inception.
As at the end of 2019, the fund holds just 27 companies with around 65.5% of the portfolio invested in the US market. Smith likes big brands, with his largest investments including household names such as Microsoft, PayPal and Facebook. He backs his conviction by investing his own money alongside investors’. Other qualities he looks for in companies are a high return on capital and advantages that are difficult to replicate. Smith believes it is virtually impossible to predict which way stock markets will move, but that the strength of the companies he holds will allow them to continue to grow their intrinsic value.
Past performance of the underlying constituents is not a guarantee of future performance. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest.
Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab.
The information we provide in the ii Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. Please note that none of the opinions we provide are a “personal recommendation”, which means that we have not assessed your investing knowledge and experience, your financial situation or your investment objectives. Therefore you should ensure that any investment decisions you make are suitable for your personal circumstances.
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