Purisima Global Total Return A

Purisima Global Total Return is a globally diversified fund that primarily holds company shares and bonds, with the flexibility to hold cash and short-term money‑market instruments; it may invest up to 20% in emerging markets. The manager usually favors equities but will move the portfolio toward bonds and cash when they expect prolonged or severe market weakness, and they pick holdings by first deciding on countries and sectors and then selecting individual securities. The aim is to produce both capital growth and income over a typical market cycle (about seven years), though results aren’t guaranteed.