The fund seeks capital growth and appreciation by investing in companies across any size outside the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
As part of its process, the investment team employs a fund-of-funds strategy.
Next, the research team invests primarily in Class N shares of certain Ivy Funds global/international mutual funds.
Each underlying Ivy Fund, in turn, invests in a diversified portfolio of foreign equity securities of issuers in developed as well as emerging markets, and, a mixture of investment grade bonds issued by foreign corporations and governments.
Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.