Global Concentrated Growth

Summary

STRATEGY FACTS

As of 12/31/2018 tooltip

When Listed:

Mutual funds and CIT only available in the United States.

SICAVs only available in certain non-U.S. countries. Please check country availability.

Available Vehicles Separate Account
CIT
SICAV
Investment Universe Global Large Cap Equity
Benchmark MSCI All Country World Index
Inception Date 06/01/2005
Total Assets $285.87 M

TARGET

Tracking Error 5% - 7% over a standard market cycle
Excess Return 3% - 4% over a standard market cycle

INVESTMENT TEAM

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Portfolio managers are not licensed by the Hong Kong Securities and Futures Commission to perform any regulated function in or from Hong Kong. Furthermore, none of the portfolio managers are located in or operate in or from Hong Kong.

Keith Creveling, CFA

Brent Puff

Ted Harlan, CFA

8 Investment Analysts

3 Client Portfolio Managers

Documents & Resources

 

The Global Concentrated Growth strategy seeks to invest in companies demonstrating accelerating growth with market capitalizations of $3 billion or more located primarily in developed markets including the United States.

The portfolio represents our best ideas in the global market and is designed to provide a higher alpha alternative for global allocations, and typically holding 35 to 50 securities.

  • Centers on the belief that accelerating growth in earnings and revenues, rather than the absolute level of growth, is more highly correlated to stock price performance.
  • Directs us to research different companies than other growth managers, as we do not require an absolute threshold of earnings or revenue growth.
  • Allows us to take advantage of both the normal price appreciation that results from a company's earnings growth and the market’s re-rating of a company's price-to-earnings multiple.

Performance

As of 12/31/2018

  COMPOSITE PERFORMANCE IN USD (%)
  QTR YTD 1 YR 3 YR* 5 YR* 10 YR*
Global Concentrated Growth (gross) -11.71% -1.30% -1.30% 9.25% 6.70% 12.33%
Global Concentrated Growth (net) -11.83% -1.81% -1.81% 8.69% 6.08% 11.60%
Standard Deviation --- --- 16.59% 13.23% 12.61% 15.29%
Sharpe Ratio --- --- -0.19 0.62 0.48 0.78
MSCI AC World Index -12.75% -9.42% -9.42% 6.60% 4.26% 9.46%
Excess Return 1.04% 8.11% 8.11% 2.65% 2.44% 2.87%
Tracking Error --- --- 5.49% 5.40% 5.49% 5.81%
Information Ratio --- --- 1.48 0.49 0.44 0.49
MSCI AC World Index Growth -14.66% -8.13% -8.13% 7.24% 5.72% 10.78%
Excess Return 2.94% 6.83% 6.83% 2.01% 0.98% 1.55%
Tracking Error --- --- 4.47% 4.77% 4.73% 4.79%
Information Ratio --- --- 1.53 0.42 0.21 0.32

*Annualized

Sources: MSCI Inc., FactSet

Data reflects past performance. Past performance does not guarantee future results. The value of investments may fluctuate. Data assumes reinvestment of dividends and capital gains.

For a presentation that complies with the GIPS® standards, click here .

For purposes of compliance with the Global Investment Performance Standards ("GIPS®"), the Firm is defined as American Century Investment Management, Inc. ("ACIM"). ACIM claims compliance with GIPS®. The Global Concentrated Growth Equity composite includes all portfolios managed using a concentrated growth investment strategy primarily targeting large U.S. companies and large non-U.S. companies in developed countries. Index futures (and currency forwards and futures, where applicable or appropriate) are occasionally used to equitize cash and manage portfolio risk. Other derivative instruments may be used, as allowed, as part of the investment strategy. Returns are calculated and stated in U.S. dollars and may increase or decrease as a result of currency fluctuation.

Source: MSCI. Morgan Stanley Capital International (MSCI) makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.