The MitonOptimal IP High Conviction Equity Fund is a concentrated general equity fund. The investment objective of the portfolio is to maximise long term total returns by outperforming the FTSE JSE SWIX Index over 3 to 5 years.
The fund will typically hold no more than 20 stocks at any point in time. This results in a concentrated portfolio which reflects MitonOptimal's best investment view on the opportunities available in the local share market. The emphasis is on active stock selection and the portfolio is constructed on a basis, often
resulting in performance that is very different to that produced by the overall market. The Fund will not invest in foreign markets or other asset classes, but may hold foreign shares listed on the JSE. The holdings in the portfolio are selected from all of the economic sectors, including resources, financials and industrials and may include small/mid and large cap stocks within regulatory limits. It may invest in a broad range of participatory interests and other forms of participation in schemes covering a broad range of investment philosophies in order to achieve a portfolio that reflects the investment objectives of the portfolio.