The Zurich Investments Concentrated Global Growth Fund is a highly focused international share fund for long-term investors who want to capitalise on the unique opportunities presented by companies with sustainable earnings acceleration. Our strategic investment partner, American Century Investments, manages the fund with the belief that accelerating growth in revenues and earnings results in significant potential for stock price appreciation. The fund offers a concentrated portfolio of the manager’s ‘highest conviction ideas’ in the global market.
Zurich’s Concentrated Global Growth Fund was launched in Australia in October 2015. American Century is the underlying manager and has been successfully running the strategy for over a decade. The Fund aims to provide investors with long-term capital growth by investing in securities listed on international stock exchanges. The fund aims to outperform the MSCI World (ex-Australia) Accumulation Index in $A (net dividends reinvested) by 3% to 4% over periods of five or more years.
In this short video, American Century’s Bernard Chua explains the investment philosophy behind Zurich’s Concentrated Global Growth Fund.
Zurich Investments provides exclusive access to specialist managers recognised as being amongst the best in their area of expertise. We appointed American Century Investments in 2009 to manage the Zurich Investments Global Growth Share Fund, and launched the Zurich Investments Concentrated Global Growth Fund with them in October 2015.
American Century Investments were established in 1958 and today have over US$155 billion in funds under management and employ 176 investment professionals*. They have a truly unique ownership structure where over 45% of the company is owned by The Stowers Institute for Medical Research, which allows strong philanthropic support for cancer research.
The Fund is managed with the belief that accelerating growth in revenues and earnings results in significant potential for stock price appreciation. The focus is on inflection points in company fundamentals with a process designed to uncover stocks that can outperform as earnings growth accelerates, market expectations rise and multiples expand.
*Date as of 31 December 2017
Performance returns quoted are compound rates of return calculated on exit prices and assume reinvestment of distributions. Returns are calculated net of all ongoing fees and any taxes payable by the fund. The benchmark return shown is a gross return. Figures shown are rounded to two decimal places.
The full name of the benchmark used in the table is MSCI World (ex-Australia) Accumulation Index in $A (net dividends reinvested).
*Inception date is 29 October 2015
Performance figures are net of ongoing fees and expenses. The performance figures quoted are historical, calculated on an annualised basis using daily unit redemption prices, and do not allow for the effects of income tax or inflation. Total returns assume the reinvestment of all distributions. Growth returns are the returns due to change in initial capital value. Distribution returns are the returns due to the distributions paid which may include net realised capital gains. The Net Asset Value is used in the unit price chart.
The full name of the benchmark used in the chart is MSCI World (ex-Australia) Accumulation Index in $A (net dividends reinvested).
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Bernard Chua, Client Portfolio Manager of the Zurich Concentrated Global Growth Fund was in town during March. While he was here, we asked Bernard to share his insights on the key drivers of outperformance in 2017, recent macro developments (including tariffs), the importance of fundamentals and where he is seeing investment opportunities today.
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