JOHCM Global Opportunities Fund | 10th Anniversary
The JOHCM Global Opportunities Fund aims to provide investors with superior risk-adjusted returns: a return profile that captures much of the upside but with materially lower volatility than either the index or comparable global equity funds. The fund managers expect positive returns to compound progressively through upward phases in the market cycle, while remaining resilient to the pressures of a downturn.
The investment team are disciplined and focused stock-pickers. They do not seek to time the market or to ‘pick winners’ out of themes or trends. Nor do they try to capture factor returns through maintaining a bias towards, or rotating between, the extremes of either ‘value’ or ‘growth’.
Instead, the team hold to a clear and simple principle: that good companies will survive and thrive through multiple cycles if they have sustainable competitive advantages, and investors will enjoy outstanding returns if they invest in such companies whilst remaining disciplined around balance sheet and valuation risks.
Recent performance demonstrates that technology-biased growth investors had become just as macro-dependent (on negative real interest rates) as value investors focused more on cyclical sectors like energy and financials.
Learn more about how the team identify opportunity here