EQUITY FUND

An entrepreneur's
approach to listed
investments.

Launched in response to investor demand as a product of Conviction Equities Ltd, the Conviction Equity Fund replicates the successful strategy of Middleton Enterprises, the family office of Conviction’s co-founder, Jeremy Middleton.

Core Principles

#1

Invest in great businesses.

#2

Invest at a reasonable price.

#3

Hold for the

long term.

An entrpreneurs approach to listed investments

We take a high conviction approach, only investing in a select few global best ideas. This allows us to focus our research efforts, looking an inch wide and a mile deep.

,

Brett Rogers, Conviction Equities Ltd

Rare opportunities require a rare strategy.

We feel most funds own too many stocks, some choosing to buy over 200 positions. Our view is that this is an attempt to “not make a mistake” rather than aim to generate outperformance for investors.

We invest with conviction

We feel our fee structure aligns investor interests with ours, choosing a low annual management charge with a performance fee above a healthy hurdle rate. Additionally, both Conviction Founders have substantial portions of their net worth invested in this strategy.

We have aligned incentives with our investors

We instead view bouts of volatility as an opportunity to buy great businesses at reasonable prices. We decide to focus on analysing business models, competitive landscapes, balance sheets and cash flow statements of the businesses we own, to evaluate risk.

We do not view
volatility as a risk

We believe that it is difficult to call short term market movements. We prefer to invest into great businesses, with a long-term perspective and benefit from compounding growth.

We do not indulge in market timing

Source: Willis Tower Watson – Better Equities – May 2018

Number of Stocks in Portfolio

Just 2% of global equity funds hold <20 positions

Defining a Great Business

Simple &
Transparent

Simple, predictable businesses which provide operational transparency to investors.

Capital Light

Capital light businesses with low reinvestment requirements, enabling high cash generation.

High Barriers to Entry

High barriers to entry allow management long-term growth opportunities.

Limited Exposure

Limited exposure to external uncontrollable factors (interest rate moves, commodity prices etc).

Long Term Potential

A long-term investment case where we have visibility over the structural drivers

Equity Fund
Investment Team

Brett Rogers
Investment Director, Conviction Equities Ltd
Fund Manager & Head of Research

Brett manages the fund’s investment strategy, and is responsible for managing our analysts, meeting with management teams and recommending trades, having worked on the strategy since inception.

Contact

Interested?

For all the latest information including webinars
and factsheets access our content portal:

Equities

36 Soho Square

London
W1D 3QY

United Kingdom

Email:

enquiries@convictionequities.ltd

In the United Kingdom, this communication is issued by Conviction Equities Limited and approved by Robert Quinn Advisory LLP, which is authorised and regulated by the UK Financial Conduct Authority (“FCA”). Conviction Equities Limited is an Appointed Representative of Robert Quinn Advisory LLP. This material may constitute a financial promotion for the purposes of the Financial Services and Markets Act 2000 (the “Act”) and the handbook of rules and guidance issued from time to time by the FCA (the “FCA Rules”). This material is for information purposes only and does not constitute an offer to subscribe for or purchase of any financial instrument. Conviction Equities Limited neither provides investment advice to, nor receives and transmits orders from, persons to whom this material is communicated nor does it carry on any other activities with or for such persons that constitute “MiFID or equivalent third country business” for the purposes of the FCA Rules. All information provided is not warranted as to completeness or accuracy and is subject to change without notice. This communication and any investment or service to which this material may relate is exclusively intended for persons who are Professional Clients or Eligible Counterparties for the purposes of the FCA Rules, or fall into a relevant category under COBS 4.12 in the FCA Rules and other persons should not act or rely on it. This communication is not intended for use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.