In a year largely driven by narrative (“Value! Growth! Reflation! Deflation!”), the AIM GHCF's portfolio of high-quality companies delivered a solid return (+25.8%), with much lower volatility than the market.
For the financial year ended 30 June 2021, the AIM Global High Conviction Fund (GHCF) delivered a return of +25.80% after all fees. In this letter, we explore the drivers of performance and discuss how we will compound wealth in the years ahead.
In recent engagements with our investors, the topic that has come up most frequently is fears of higher inflation. In this note, we explain why we believe the Fund is well-positioned to capitalise on a range of outcomes that may unfold from here.
Companies with pricing power, a proven track record of generating free cash flow, and conservative debt levels are the stocks that the AIM Global High Conviction Fund are sticking with.
In a year largely driven by narrative (“Value! Growth! Reflation! Deflation!”), the AIM GHCF's portfolio of high-quality companies delivered a solid return (+25.8%), with much lower volatility than the market.
