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Global Growth Portfolio

Portfolio Overview

 

The Capital 19 Global Growth Portfolio employs a bottom-up, value style to invest and manage the equity portion of the portfolio. The portfolio aims to be 95% invested in American equities and sets aside 5% to cover any hedging requirements that may arise. The portfolio seeks to identify and invest in American listed companies with a market capitalisation greater than $1 Billion USD which satisfy a stringent set of investment rules. For inclusion in the Capital 19 Global Growth Portfolio, a company must be of premium quality, display bright prospects for earnings and growth in intrinsic value, and be available to purchase at a reasonable price.

Pursuant to this objective, the Global Growth Portfolio aims to deliver superior positive returns where suitable investment opportunities are abundant and to preserve capital through derivatives and cash where suitable investment opportunities are scarce.

Capital 19 may also contemplate protecting the market value of the portfolio by, for example, buying put options over the S&P 500 index.

While the portfolio seeks to retain holdings for the long term, individual holdings may be sold, for example, when their share prices experience excessive or unjustified exuberance, where the company no longer meets its investment criteria or a deterioration in a company’s prospects is expected or where better opportunities become available.

It’s also important to note that the client maintains the final decision for all transactions. This portfolio is designed to be general advice in nature and should not be considered a managed discretionary style account. All holdings are held in individual client accounts.

 

The Portfolio Investment Philosophy and Principles

Capital 19 Global Stocks And Options Mike Smith

Investment Manager
Michael Smith

My investment philosophy

Portfolio Objective
The Capital 19 Global Growth Portfolio has an absolute return objective over a rolling 5 year period.

Portfolio Construction
The Portfolio will typically comprise of 20-40 high conviction stocks listed on American exchanges. When possible, Call Options will be used to generate income and provide a hedge against Volatile markets.

Recommended Investment Timeframe
5 years

Management Fee
2.00% per annum

Performance Fee
20% of the total return of the portfolio. The portfolio operates a high water mark where no performance fee is payable until any previous rolling 12 month period of underperformance has been made up.

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Disclaimer:

Capital 19 Pty Ltd ABN 17 124 264 366 AFSL 441891 (‘Capital 19’) believes the information contained is reliable, however, no warranty is given as to its accuracy and persons relying on this information do so at their own risk. This communication is for general information only and was prepared for multiple distributions and does not take account of the specific investment objectives of individual recipients and it may not be appropriate in all circumstances. Persons relying on this information should do so considering their specific investment objectives and financial situations. Any person considering action based on this communication must seek individual advice relevant to their circumstances and investment objectives. Subject to any liability which cannot be excluded under the relevant laws. Any opinions or forecasts reflect the judgment and assumptions of Capital 19 and its representatives based on information at the date of publication and may later change without notice. Any projections contained in this presentation are estimates only and may not be realised in the future.

The investment manager certifies that all the views expressed in this document accurately reflect their views about the companies and securities referred to in this document and that their remuneration is not directly or indirectly related to the views. Capital 19, its directors, representatives, employees or related parties may have an interest in any of the companies and securities in this document and may earn revenue from the sale or purchase of any financial product referred to in this document or any advice. Past performance is not a reliable indicator of future performance.

Unauthorised use, copying, distribution, replication, posting, transmitting, publication, display, or reproduction in whole or in part of the information contained in this document is prohibited without obtaining prior written permission from Capital 19.