About European Long-Term Unconstrained
The strategy is designed for investors seeking sustainable long-term outperformance of the market from a high conviction portfolio, backed by proprietary and systematic fundamental research.
The strategy’s portfolio of 20-40 quality growth companies offer sustainable growth and resilience to economic uncertainty.
Our three long-term mega trends of demographic change, the future of technology and resource scarcity, guide our proprietary fundamental research and portfolio construction. This allows us to invest on multi-decade investment horizon to meet client requirements for sustainable long-term returns.
Proprietary fundamental research can identify long-term value-creating companies undervalued by the market. We elaborate on this below:
- The market is myopic and fades returns of quality companies too fast
- Our proprietary fundamental research framework is able to identify these companies
- Value creating companies compound returns over the long-term
We consider portfolio construction with equal importance to the research process, employing the same high-quality data from the research process. Here we focus on five areas – long-term thematics, company classifications, geographic revenue/profit, end user markets and industry lifecycles. These aid our understanding of the portfolio’s diversity, effectively manage risk and ensure we are positioned to capture long-term growth.
| Portfolio characteristics | European Long-Term Unconstrained |
|---|---|
| Benchmark | Unconstrained |
| Performance objective | Long-term capital appreciation |
| Market capitalisation | Mid- and Large-Cap |
| Forecast tracking error | N/A |
| Sector/country allocations | Unconstrained |
| Number of stocks | 20-40 |
| Maximum active stock weight | 10% |
| Portfolio turnover | < 25% per annum |
| Inception | November 2018 |
OUR ESG EXPERTISE
We have strong expertise in ESG, culminating in a triple A+ rating by the PRI for the 4th year in a row
Zehrid Osmani
Head of Global Long-Term Unconstrained
OVERVIEW AND PHILOSOPHY
We look for long-term, sustainable alpha generation from a concentrated, high-conviction portfolio of innovative, global leading European companies.
Zehrid Osmani
Head of Global Long-Term Unconstrained
Zehrid Osmani
- Job title
- Head of Global Long-Term Unconstrained
- Experience
- 24 years
Amanda Whitecross
- Job title
- Portfolio Manager
- Experience
- 28 years
Ken Hughes
- Job title
- Portfolio Manager
- Experience
- 28 years
Yulia Hofstede
- Job title
- Portfolio Manager
- Experience
- 12 years
Robbie McNab
- Job title
- Portfolio Manager
- Experience
- 14 years
Zoe Hutchison
- Job title
- Investment Analyst
- Experience
- 6 years
Sam Cottrell
- Job title
- Portfolio Manager, Global Long-Term Unconstrained
- Experience
- 7 years
Jonathan Regan
- Job title
- Investment Analyst
- Experience
- 6 years
We focus on sustainable businesses with good compounding characteristics, backed by low disruption risk, strong pricing power, good ESG credentials and high management quality.
Strategy guide
The Martin Currie European Long-Term Unconstrained (ELTU) strategy invests in 20-40 quality growth companies and aims to provide long-term growth over a 5-10-year investment horizon.
Strategy guide
The Martin Currie European Long-Term Unconstrained (ELTU) strategy invests in 20-40 quality growth companies and aims to provide long-term growth over a 5-10-year investment horizon.
Alpha generation
Investing in Europe’s strongest companies
Quality growth companies
Sustainable growth and resilience to economic uncertainly
Highest conviction ideas
Every position makes a meaningful contribution
A focus on long-term growth
Three long-term mega trends drive our fundamental research
Differentiated portfolio construction
Diversification from index-based strategies with diverse global revenues and companies
ESG analysis fully integrated
All Martin Currie portfolios focus on Stewardship
Portfolio Sustainability
Proprietary Environmental, Social and Governance (ESG) analysis is fully integrated into the investment process - find out more about the outcomes at a portfolio level.
How to invest
Please contact us to discuss the most appropriate investment to meet your requirements.
How to invest
Martin Currie is a Specialist Investment Manager of Franklin Resources Inc, operating as Franklin Templeton.
Franklin Templeton is responsible for the sales and client service of our funds for financial advisers and individual investors.
If you would like to find out more about these funds, please visit the Franklin Templeton website.
Funds available
Through our parent company, Franklin Templeton, investors are offered access to the below funds.
Funds available
Through our parent company, Franklin Templeton, investors are offered access to the below fund.
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Fund in Focus
Legg Mason GF Martin Currie European Unconstrained Fund
Fund in Focus document for Dublin domiciled Europe inc UK fund. -
Our ELTU video series and podcasts
The inside story on the ELTU team, Portfolio Construction, Thematics and Megatrends, Disruption and Innovation and more.
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Fund in Focus
Legg Mason Martin Currie European Unconstrained Fund
Fund in Focus document for London domiciled Europe ex UK fund. -
Our video series and podcasts
The inside story on the investment team, Portfolio Construction, Megatrends, Disruption, Innovation and more...
Related insights
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Inside story: Atlas Copco
Zehrid Osmani, Head of Global Long-Term Unconstrained, provides an insight into Atlas Copco, a long-established global manufacturer of industrial tools and equipment.
- Date published
- 22 Jun 2021
- Tag
- Long-Term Unconstrained
-
Long-Term Mega Trends
We have identified three Mega Trends - Demographic Change, Future of Technology and Resource Scarcity - that are going to be driving market dynamics in various segments on a multi-decades time frame.
- Date published
- 16 Jun 2021
- Tag
- Long-Term Unconstrained
-
Stewardship Annual Report 2021
The Stewardship Annual Report 2021 highlights the results of our sustained commitment to the development of productive ESG engagements embedded in our investment process.
- Date published
- 31 Mar 2021
- Tag
- Stewardship & ESG
Regulatory information and risk warnings
Past performance is not a guide to future returns
This information is issued and approved by Martin Currie Investment Management Limited (‘MCIM’). It does not constitute investment advice. Market and currency movements may cause the capital value of shares, and the income from them, to fall as well as rise and you may get back less than you invested.
The analysis of Environmental, Social and Governance (ESG) factors form an important part of the investment process and helps inform investment decisions. The strategy does not necessarily target particular sustainability outcomes.
The information provided should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the security transactions discussed here were, or will prove to be, profitable.
The views expressed are opinions of the named manager as of the date of this document and are subject to change based on market and other conditions and may differ from other portfolio managers or of the firm as a whole. These opinions are not intended to be a forecast of future events, research, a guarantee of future results or investment advice.
The information contained has been complied with considerable care to ensure its accuracy. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Martin Currie has procured any research or analysis contained in this recording for its own use. It is provided to you only incidentally and any opinions expressed are subject to change without notice.