The Malta regulated Global Trends Strategic Fund is to be managed by Dominion chief investment officer Arjen Los, who will seek out growth stocks starting from analysis of demographics, urbanisation and global economics.
The approach drills down from there into in the ten chosen themed areas of agriculture, health, consumer discretionary spending, infrastructure and logistics, consumer staples, metals and mining, energy, technology and telecoms, finance and commerce, and water.
Meanwhile, the CHIC fund, launched in 2007 and structured to capture long term performance of quoted luxury goods producers, has been re-named the Global Trends Consumer Fund. Its portfolio’s exposure to Burberry has just been reduced from 2% to 1%, following the fashion giant’s surprise earnings results yesterday: “Fundamentally it’s not a bad business but earnings have come in lower than expectations,” said chief operating officer Ben Cook.
Los said: “Our experience of managing a successful global consumer fund demonstrates beyond doubt the global consumer trends theme is highly sustainable. However there are other non-consumer trends which present similarly excellent prospects.”
Minimum investment for the new fund is £2,000 and the initial charge ranges from 0% to 6.5% depending on the share class.
Both funds are sub funds of Dominion’s Sicav, which is Ucits IV compliant, regulated by the Malta Financial Services Authority and recognised by the Monetary Authority of Singapore.