UCITS Commentary

Commentary: Investment Income Builder Fund (UCITS)

The global economy will be significantly dented by the COVID-19 outbreak. We believe we own strong businesses with important positions in their respective markets. The current crisis reinforces the essential nature of the products and services they provide.

1st Quarter 2020

      Commentary: International Equity Fund (UCITS)

      In the first quarter, the fund raised cash in January and then gradually upgraded the portfolio over the remainder of the quarter by buying higher-quality international companies trading at attractive valuations due to the COVID-19 crisis.

      1st Quarter 2020

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