Royal London Asset Management
Royal London Global Equity Diversified Fund
Global
Mar 2025 → Dec 2025
Our archive holds 2 letters from this strategy, behind 3 investment theses and positions in 19 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year · follow all of Royal London Asset Management for every strategy.
What it bought and sold
We introduced Ferrari following a recent fall in its share price.
We also started a new position in Hensoldt, a European defence electronics company, which we classify as an Accelerator within the Life Cycle framework.
We sold the position in Daito Trust Construction due to a deterioration in the external environment for this company.
We also took some profits in Google owner Alphabet, and Hoya, the Japanese optical healthcare company.
We also took some profits in Google owner Alphabet, and Hoya, the Japanese optical healthcare company.
We initiated a position in Illinois Tool Work, a global manufacturer of industrial products and components serving a highly diverse set of end markets.
The emergence of potential alternatives to their existing products diminished our conviction in the future growth and we reduced the fund’s position in the company.
Also held
Its investment theses
- Ferrari N.V.Dec 2025Ferrari N.V. is a high-quality compounder with durable brand-driven moats, pricing power, and attractive long-term prospects after a de-rating.
- Illinois Tool Works Inc.Dec 2025Illinois Tool Works Inc. leverages a decentralized model and strong pricing power to support double-digit long-term shareholder returns despite cyclical headwinds.
- BroadcomMar 2025Broadcom is well-positioned for growth due to its unique AI and networking platform, strong capital allocation history, and a favorable market outlook amidst recent valuation corrections.