Created in December 2019, the IVO Global Opportunities fund is a mutual fund invested in equities and bonds, with no rating or currency constraints. The fund invests mainly in emerging countries. The investment strategy consists of building a portfolio that reflects the managers' forecasts for all emerging-country equity, bond and currency markets. The strategy is discretionary and mainly based on a stock-picking approach, while incorporating a macro-economic dimension to fine-tune asset allocation. The aim of stock-picking is to identify companies with medium- to long-term earnings prospects and growth potential. This selection is based on company fundamentals, in particular the quality of their financial structure, their ability to generate cash flow, their competitive positioning, their future prospects and the quality of their management.