US tech domination
US-based megacap tech companies have been so successful over the past 20 years they now dominate US and global indices, and many investment portfolios.
AI concentration risk
This leaves many investors highly exposed to a hiccup in the AI narrative. However, diversifying away from megacap tech risks lowering long-term returns.
Time for a new strategy
To change this dynamic, investors need a different strategy to look for untapped extraordinary companies. WCM is not afraid of doing things differently.
Why WCM Select Global Growth Equity Fund is different
The fund only invests in companies with great cultures that are widening their competitive advantage and where this change is not appreciated by the market. It has returned 16.5% per annum since inception in 2021, 5.4% per annum ahead of its benchmark, with much lower exposure to US megacap tech and while holding very different stocks1.
Reasons to invest
The fund is highly concentrated in 30-50 stocks, which are typically very different to US and global indices. It currently has more than 25% lower exposure to the US than the MSCI World Index and ~15% lower exposure to technology2. This often makes the fund complementary to investors’ existing global equities holdings.
WCM only invests in companies it believes are widening their competitive advantage and where this change is not appreciated by the market. WCM calls this “points of narrative inflection”. Companies at these inflection points can experience long periods of accelerated share price growth as the market realises their potential.
WCM believes that culture separates great companies from merely good ones, but very few investors appreciate this. Before investing, WCM’s in-house cultural analysts rigorously research each company to decide whether it has the right culture to succeed in its growth aspirations. WCM believes its own culture is part of its competitive advantage.
Awards and recognition
WCM Select Global Growth Equity Fund has won several industry awards^, underscoring its unique investment approach and consistent delivery of competitive performance.
LSEG Lipper Fund Awards 2026 – Singapore*
- Best Fund Over 3 Years / Equity Global
Benchmark Fund of the Year Awards 2025 - Top Fund Awards – Singapore**
- Best-in-Class / Global Equity
What makes WCM stand out from other managers?
Moat trajectory
Only invests in companies that are widening their competitive advantage where this change is not appreciated by the market.
Culture
The most underappreciated company asset, it turns good companies into great ones.
Portfolio construction
Diversifies portfolios to minimise hidden correlations and deliver all-weather portfolios.
Paul Black, CEO and Portfolio Manager at WCM, explains what makes WCM different from other active managers, including its investment philosophy and company culture.
Sanjay Ayer, Portfolio Manager at WCM, shares WCM’s approach to finding companies on a trajectory to becoming great businesses.
The portfolio management team
Experienced investment team*.
Sanjay Ayer, CFA®
Portfolio Manager
WCM Investment Management
Bernadette Doerr
Business Culture Analyst
WCM Investment Management
Michael Hayward
Portfolio Manager & Business Analyst
WCM Investment Management
William “J.B.” Horner
Business Culture Analyst
WCM Investment Management
The firm
WCM Investment Management is a global growth equity specialist that focuses on competitive advantages and corporate culture to seek long-term excess returns, while trying to mitigate downside risk. The firm provides services for a diverse client base including individual investors, corporations, public and private funds, Taft-Hartley plans, foundations and endowments.
Founded
in Laguna Beach, California, USA
AUM
$133.9 Billion*
Majority employee-owned
99 people of which 67 are owners
* Source: WCM, Factset as of 30 June 2026
How does the fund work?
Learn more about the fund and what it offers investors.
Interested in finding out more?
Discuss with your financial advisor or connect with us.
Related insights
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Paul Black and Sanjay Ayer from WCM discuss why they think WCM Select Global Growth Equity Fund can continue to outperform.
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Past performance is not indicative of future performance.
1. Source: WCM, Factset, LU2169560799 - R/A (USD), as of 30 June 2026. The Fund investment policy exposes it primarily to the following risks: changes in laws and/or tax regimes, derivatives/counterparty risks, emerging markets risk, equity securities, exchange rates, financial derivative instruments, geographic concentration risk, smaller capitalization risk, stock connect risk. The Fund is subject to sustainability risks.
2. Source: WCM, Factset, , LU2169560799 - R/A (USD), as of 30 June 2026. WCM SGG active share was 88.09% as of June 30, 2026 and had 15% lower exposure to technology and 25% lower exposure to US companies. The reference to specific securities, sectors, or markets within this material does not constitute investment advice, or a recommendation or an offer to buy or to sell any security, or an offer of services.
^ References to an award, ranking, prize or label is not an indicator of future performance and is not constant over time.
* LSEG Lipper Fund Awards Singapore 2026 is based on the performance over 3 years as at 31 December 2025. For the award’s details and methodology, please refer to https://www.lipperfundawards.com/methodology. From LSEG Lipper Fund Awards © 2026 LSEG. All rights reserved. Used under license.
** Benchmark Fund of the Year Awards 2025 reflects the performance from 1 October 2024 to 30 September 2025. Please refer to https://www.benchmark.today/categories-sg-2025/top-funds-awards-sg-2025 for the award’s details and methodology of 2025.
This webpage is provided by Natixis Investment Managers Singapore Limited (Company Registration No. 199801044D). The Fund has been recognized under the Securities and Futures Act 2001 of Singapore, and Natixis Investment Managers Singapore Limited is appointed as its Singapore Representative and agent for service of process. Past performance of the Fund or managers, and any economic and market trends or forecast, are not necessarily indicative of the future or likely performance of the Fund or the manager. The value of investments and the income accruing, if any, may rise or fall and investors may lose the full amount invested. Investors investing in funds denominated in non-local currency should be aware of the risk of exchange fluctuations that may cause a loss of principal. Investments in the Fund involve risks, which are fully described in the Prospectus. The Fund may use derivatives for hedging and/or investment purposes. The net asset value of the Fund may be subject to volatility as a result of its investment policy and/or use of financial derivative instruments. Investors should consider the Fund’s investment objective, risks, charges, expenses and read the Prospectus and Product Highlights Sheet carefully and discuss with their financial adviser to determine if the investment is appropriate for them before investing. However, if an investor chooses not to seek advice from a financial adviser, he/she should consider whether the product is suitable for him/her. The Prospectus is available for collection from Natixis Investment Managers Singapore Limited at 5 Shenton Way, #22-05/06, UIC Building, Singapore 068808 or any appointed Singapore distributor.
This webpage is published for information and general circulation only and it does not constitute an offer to anyone or a solicitation by anyone to subscribe for shares of the Fund as it does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this webpage. Nothing in the webpage should be construed as advice or a recommendation to buy or sell shares. Natixis Investment Managers may decide to terminate its marketing arrangements for this fund in accordance with the relevant legislation.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
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