A diversified portfolio of international equities that are selected for their “value” characteristics, with no reference to a benchmark.
“Companies that generate a lot of cash flow are only of any real interest to a long-term investor if they are able to reinvest a considerable proportion of this cash in new technologies and other growth projects that will sustain their capacity to generate future earnings and cash flows. Our definition of what constitutes a “value company” is based on two things ― its capacity to generate a lot of cash flow, and its capacity to use this surplus cash effectively for growth investments”.
The sub-fund’s manager, Head of Equities & Fund Manager
* The Synthetic Risk and Reward Indicator (SRRI) ranks investment risk on a scale of 1 to 7. It is based on historical volatility data. A lower indicator score indicates a lower risk, and also a lower potential return. A higher indicator score indicates a higher risk, and also a higher potential return. A risk level of 1 does not mean that the investment is without risk. There is no guarantee that the risk level indicated will not change over time.
Performance over a period of more than one year is annualised. For periods of less than one year, returns are cumulative.
* Inception to Date. Annualised performance since the share was issued on 11 December 2013.
Source: Pure Capital
Important information for investors:
The chart and returns shown above refer to past performance and do not constitute a reliable indicator for the future. This fund does not offer a capital guarantee. Before investing, you should always read the Key Investor Information Document (KIID) and the prospectus.
The change in net asset value and returns indicated are net of management fees, performance fees and any other fees and charges which, as indicated in the prospectus, are borne by the fund. They do not include any subscription fees that may be paid to the distributor, nor any annual custody fees that may be deducted by the custodian, nor any taxes for which the investor may be liable. The returns indicated are calculated in EUR and are based on the fund’s share price or Net Asset Value (NAV).
This sub-fund’s objective is to maximise the return of investments in global equity markets.
The sub-fund will have a high level of diversification and may invest in all types of equities without any restrictions in terms of market capitalization, geographical zones, sectors, etc.
Under normal market circumstances, the sub-fund invests a clear majority (at least 55%) of its net assets in OECD denominated currency securities.
Equities are carefully selected for their so-called value* characteristics. The investment manager may also make highly selective and opportunistic investments in companies that have more of a growth profile.
* A Value company is a listed company with a share price that reflects low investor expectations for the growth of revenue and/or earnings.
The sub-fund is intended for all investors who are looking for opportunities in global equity markets.
Investors much have a long-term investment horizon of at least five years.
* A Value company is a listed company with a share price that reflects low investor expectations for the growth of revenue and/or earnings. The term “value stock” is used to describe such companies. ”Value investing” is thus the term that is used to refer to an investment style that prioritises this type of company.
Before investing in this fund, you should carefully read the Key Investor Information Document (the “KIID”) and the prospectus. The KIID, the prospectus, the audited annual report and the unaudited semi-annual report are available on this website.
The information presented above does not constitute investment advice and is intended solely for marketing purposes.
Past performance is not a reliable indicator of future results. Performance may vary over time. Investments in this fund are subject to market fluctuations and investors may not recover all of their initial investment. Pure Capital may vary the fund’s future exposures, allocations and investments as it deems appropriate to accommodate different market conditions. There can be no guarantee that investment objectives will be met.
Management fees, depositary bank fees, and all other fees and charges indicated in the prospectus as borne by the fund are included in the calculation of its net asset value and consequently of its performance.
The custodian may charge annual custody fees that are determined by the custodian. For more information about these fees prospective investors must contact their custodian.
The taxation of this financial product depends on the investor’s specific situation. In Belgium:
Any claims and complaints may be addressed in writing to Pure Capital S.A. at its registered office at 2 rue d’Arlon, L-8399 Windhof, Grand-Duchy of Luxembourg, to the attention of Mr Thierry Leonard, Managing Partner. In Belgium: if investors are not satisfied with the handling of these claims or complaints, they may submit them to Ombudsfin, mediation service for financial services whose address is North Gate II, Boulevard du Roi Albert II, n° 8 bte.2, 1000 Brussels, tel.: +32 2 545 77 70, fax: +32 2 545 77 79, e-mail: email@example.com, either in a separate written message or using the complaint form available online at https://www.ombudsfin.be/en/individuals/introduce-complaint/.
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