The Fund will be managed on a concentrated basis in Europe and may also invest outside of Europe if the investment manager believes that it should be beneficial for the Fund.
Investors should note that while the investment objective of the Fund is to achieve long term capital growth there may be situations in which an income return is also achieved.
The TM CRUX European Fund typically is more concentrated than the average OEIC sub-fund. Whilst increasing the potential reward, the nature of this funds can increase risk. As such, the returns may be more volatile and will be impacted more by fluctuations in the value of underlying stock.
Derivative transactions may be used for the purposes of meeting the investment objective of the Fund as well as for hedging purposes, although it is not anticipated that the Fund will use this power to enter into derivatives at present.