The objective of the Fund is to generate long term returns by investing in a range of listed securities. The Fund will invest in a portfolio of stocks that meet CI's guidelines of founder led, family linked or employee owned companies. The Fund will be constructed with limited reference to the Benchmark and therefore the returns of the Fund may significantly vary from the Benchmark returns. The Fund has a long term investment horizon. In constructing the portfolio, we narrow down the investable universe to those the Manager designates as founder led, family linked or employee owned. We use our VOF research process to assess individual companies, industries and countries and to construct a portfolio that aims to achieve the risk and return objectives.
Build a diversified portfolio to match your needs with our range of low cost investment options. Fund data sourced from Morningstar. Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance. Our Story.
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But, he also points out that, if it gets it right, good leadership can take a firm from average to extraordinary. Allan Goldstein's "avoid" list includes firms that view their shareholders as obstacles rather than partners. Louie Douvis. Its largest investor, SoftBank, has stepped in to try to support the firm. Companies where management are interested in paying themselves more than perhaps they should either through salary, options, or equity are among those to avoid, according to Goldstein. Then there are the firms that view their shareholders as obstacles rather than partners, which are also on Goldstein's "avoid" list. When do they act rationally or when do they get overconfident and do acquisitions that don't make sense to drive earnings per share? With his focus on North America, the fund manager spends up to three months of the year travelling through the United States and Canada. Goldstein estimates he holds between 25 and 30 meetings with management and people connected to a potential investment, such as ex-employees, suppliers and customers, before making the decision to buy in. But he tends to avoid the major metropolitan areas such as New York and San Francisco to focus on regional and national firms in some of the more remote parts of the US and smaller cities in his hunt for potential investments.
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