The ACWI ex-US strategy aims to outperform its benchmark, MSCI All Country World ex-US Index, by at least 3% per annum over a rolling 3-year period. It offers concentrated stock picking within a differentiated top-down and thematic framework.


ACWI ex-US Strategy

The strategy focuses on four long-term thematic trends that will shape the world: technological progress, environmental solutions, demographic and sociological change, and macroeconomics. By doing so, we ensure that the portfolio is aligned with secular tailwinds.

Of course, we acknowledge the intrinsic interplay between the secular and the cyclical, positioning the portfolio accordingly through time. For example, the portfolio’s exposure to Emerging Markets will be flexed dynamically based on the prevailing opportunity set.

Crucially, we conduct rigorous bottom-up analysis to ensure that each stock is delivering a powerful combination of quality, growth and value. We are evidence-based investors, and empirical research suggests that this combination is a particularly effective way to generate strong risk-adjusted returns. 

The following aspects of our investment process provide an edge and set the TT proposition apart from the competition:

  • All-cap approach to maximise alpha opportunity. 

  • Research and capital focused on thematic tailwinds. 
  • Top-down analysis across Developed and Emerging Markets. 
  • Powerful combination of value, quality and growth. 
  • High conviction portfolio with high active share

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