Summary: The new LIC Ellerston Global Investments returned 14 per cent over five months, despite not being fully invested yet. Led by Ashok Jacob, the fund has a global focus and is mindful of currency risk and diversification. The fund intends to pay a dividend, even though it is invested in international equities.
Key take out: The portfolio managers are looking for markets with strong tailwinds and angles such as corporate restructures, new CEOs, spin-offs or fallen angels.
Key beneficiaries: General investors. Category: Shares, international investing.