Munro Partners and GSFM have launched the Munro Concentrated Global Growth Fund on the ASX, with the ASX ticker MCGG.
The fund, which gains its investment exposure by investing in units of the Munro Concentrated Global Growth Fund, aims to maximise long term capital appreciation for investors through exposure to a concentrated long only portfolio of growth-oriented equities issued by companies located anywhere in the world (ex-Australia).
According to Munro Partners, the fund aims to achieve a return greater than the MSCI World (Ex-Australia) Index over a five-to-seven-year period.
Nick Griffin, Munro Partners’ chief investment officer, said the fund’s investment strategy is designed to identify sustainable growth trends that are under-appreciated and mispriced by the market, and invest in the resulting winning stocks.
“Typically, we invest in a concentrated portfolio of between 20 and 40 listed equities and we focus on identifying and investing in global companies that have the potential to grow at a faster rate, and at a more sustainable basis, than the overall market.”
GSFM is the responsible entity and distributor of the Munro Concentrated Global Growth Fund, as well as the Munro Climate Change Leaders Fund and the Munro Global Growth Fund in the Australian and New Zealand markets.
GSFM chief executive officer, Damien McIntyre, expects global equity markets to enter a new growth phase into 2022, and that this presents real opportunities.
“This fund is for investors who are seeking a long-term exposure to a concentrated portfolio of growth oriented global equities with the potential for capital gain.
"It can be used as either a core component or satellite within a portfolio for investors with a high risk/return profile, and a medium-to-long term investment timeframe, but who still wants the option of daily access to capital," Mr McIntyre said.
“This is the third ASX quoted fund for Munro Partners, and it is a structure that appeals to many investors. It offers diversification, liquidity and transparency, taxation advantages and lower costs."
Maja Garaca Djurdjevic
Maja's career in journalism spans well over a decade across finance, business and politics. Now an experienced editor and reporter across all elements of the financial services sector, prior to joining Momentum Media, Maja reported for several established news outlets in Southeast Europe, scrutinising key processes in post-conflict societies.
