The MI Hawksmoor Global Opportunities Fund
The investment objective of the Fund is to provide capital growth, after charges, over rolling periods of at least 7 years.
The Fund’s portfolio will consist primarily (at least 70%) of a diversified range of open and listed closed ended funds. Investee funds could be collective investment schemes, investment companies or investment trusts (and may be funds managed by the Authorised Corporate Director or other third party managers). These funds may be actively or passively managed (that is funds which track or are closely linked to the performance of an index).
Through its investments in these collectives, the portfolio will be exposed to a range of asset classes such as equities (and a minimum of 60% of the portfolio will be exposed directly and indirectly to equities), bonds, property and commodities (including gold and other precious metals through Exchange Traded Commodities), underlying currencies, geographic spread and funds managed by a variety of fund management groups and style of investment manager. The portfolio will be actively managed, with the Investment Manager looking to take advantage of undervalued investment opportunities across asset classes, sector and region, adjusting allocations to increase exposure where opportunities are compelling and reducing exposure where risks are elevated. This approach aims to add value over time by investing when opportunities are available.
The Company permits the use of derivatives for investment purposes by the Fund; however, this policy is not currently applied and may not be applied without giving the required 60 days’ notice to Shareholders. If derivatives are used for the purpose of meeting the investment objective of the Fund it is not intended that the use of derivatives would significantly raise the risk profile but this cannot be guaranteed and the risk profile may increase as a result of a change in the investment policy for derivatives. The collective investment schemes which the Fund invests in may use derivatives for investment purposes.
Derivatives may also be used for efficient portfolio management. Efficient portfolio management is a technique used by the Investment Manager to reduce risk and cost in the Fund, including through hedging (to manage currency exposure) or to generate extra income or growth in line with the risk profile of the Fund. Derivatives can expose the Fund to a higher degree of risk.
The Fund may also invest in a range of other investments including transferable securities, cash, near cash, deposits and money market funds.
The Fund will not have a concentrated portfolio or be restricted by sector or industry.
