Q&A: Veritas Global Fund

1) What is the underlying strategy of the Veritas Global Fund?

Our underlying strategy is the preservation and growth of capital over time by deploying capital with high conviction into the equity of between 25 & 40 ‘quality’ companies. The strategy seeks to deliver G7 CPI +6% over rolling 5 year periods, so is consequently unconstrained by reference to an index.

2) Could you explain one or two of the current investment themes?

We currently have three thematic filters – Scarcity & Supply Constraints, 2020 Rising Tide Industry Winners and Enduring Business Models. Taking them in turn, Scarcity & Supply Constraints means we are seeking to find companies that own an asset that is either irreplaceable or not financially viable to replace, this can be a tangible or intangible asset. This tends to achieve two things; firstly the company will be very difficult to compete with, and secondly it will have pricing power. Often these type of companies operate in an oligopoly indus