Capital at risk
High growth
When a company has the potential to grow its revenues rapidly, outpacing the broader economy over a sustained period, we call that high growth.
What are high growth’s characteristics?
High-growth companies often drive technological change or disrupt the status quo. They may need external capital or reinvest their free cash flow to pursue future growth. They rarely pay significant dividends, and their share prices can be volatile. Many fall far short of their potential. But those that succeed can reward investors with high multiples of their initial investment. At the portfolio level, the objective is that the successful stocks much more than offset those that don’t work out.
How do we invest in high growth?
We seek ideas that can be disruptive, displacing incumbents and benefiting from profound changes in the use of goods and services over the long term.
Our high-growth portfolios typically range from 25 to 50 stocks. They may have significant amounts invested in our strongest conviction holdings as we seek to maximise the big winners’ impact. Turnover is low at typically around 15 per cent per annum.
High-growth strategies
China A Shares
A concentrated portfolio of 25-40 high-growth companies that are listed in China’s domestic market.
Emerging Markets Leading Companies
A more concentrated Global Emerging Markets portfolio of 35-60 stocks. Seeking strong opportunities to own for the long term.
Global Discovery
We look for early-stage transformative companies poised for long-term growth, scaling up to shape the next decade's success.
International Concentrated Growth
Looking for outstanding global firms transforming societies and economies, seizing significant market share opportunities.
International Growth
Sustainable success, global reach: We aim to invest in growth companies with enduring competitive advantages and forward-thinking cultures.
International Smaller Companies
Dedicated to discovering exceptional small companies in untapped markets, investing with an ownership mindset aiming for optimal growth.
Long Term Global Growth
Concentrated portfolios of potentially game-changing companies, reshaping returns and embracing future structural shifts for success.
Positive Change
We invest in companies that we believe positively impact society and the environment, with the aim of generating attractive returns.
US Discovery
Transformative investing: Capturing early opportunities in small-to-mid cap firms with potential for growth and success.
US Equity Growth
Investing in innovative, high-growth US companies that we believe may be at the forefront of global change.
Worldwide Discovery
Finding early opportunities in small-to-mid-cap firms with the aim of discovering lasting growth and success.
