To achieve above average capital growth. The ACD�s investment policy is to invest the assets of the Fund in companies domiciled in North America or which have significant North American operations. These include smaller and emerging growth companies, those with potential for merger or takeover, those with new management recovery situations and exploration companies. There will be no particular specialisation. The select investment approach means that the ACD has the flexibility to take significant stock and sector positions which may lead to increased levels of volatility.
Cormac Weldon (Started: Nov 30, 2001)
Threadneedle Asset Management Ltd.
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