We are growth investors. Of the 20,000 listed corporations in the world, many profess to be growing, but only a small portion actually grow independently of the broader economic cycle. This is where the Munro investment process focuses. Our research process has been designed and honed over 14 years to successfully sift through the world’s listed corporations to find sustainable growth trends that are underappreciated and mispriced by the market, and the resulting winning and losing stocks.

Absolute returns

Munro runs the long/short absolute return mandate with the liquid alternative, CI Munro Alternative Global Growth Fund.

Index-unaware, aiming for meaningful absolute returns through the investment cycle, while maintaining a capital preservation mindset. Munro’s flexible investment mandate allows it to dynamically manage its market exposure and its currency exposure to protect clients' capital and to enhance the long-term returns of our investments.

Relative returns

Munro runs the long-only relative return mandate with CI Munro Global Growth Equity Fund.

It focuses on building a long-only portfolio of 20 to 40 growth equities that will benefit from structural changes through a disciplined investment process that provides access to a fully invested portfolio. The objective of the fund is to maximize long-term capital appreciation, primarily through a concentrated portfolio of growth-oriented equities issued anywhere in the world.

Stock picker

The investment process generates a high-hit rate of performing ideas and allows them to be appropriately sized and monetized over long periods. Concentration on stock and sector is important, while risk management and rigorously eliminating underperforming positions is crucial in generating strong absolute returns and outperformance over multiple market cycles.