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Foord Global Equity Fund (Singapore)

For long-term investors in global equity securities

INVESTMENT OBJECTIVE

The fund aims to achieve optimum risk-adjusted returns by investing in a diversified portfolio of global equities and related securities. It seeks to outperform the MSCI All Country World Net Total Return Index after fees, without assuming greater risk.

FOR INVESTORS

  • With a higher risk profile
  • Seeking long-term capital growth
  • And able to withstand investment volatility in the short to medium term.

REGISTERED COUNTRIES

Singapore, South Africa.

 

FUND MANAGERS

Brian Arcese

Portfolio Manager & Equity Analyst

Dave Foord

Chief Investment Officer

Ishreth Hassen

Portfolio Manager & Equity Analyst

Performance

Returns
Year Fund Return % Benchmark Return %
2012 (from 01/Jun) 12.4 15.3
2013 18.7 22.8
2014 -6.4 4.2
2015 -2.2 -2.4
2016 1.9 7.9
2017 25.8 24.0
2018 -16.0 -9.4
2019 26.5 26.6
2020 (to 30/Apr) -8.5 -12.9

Characteristics
Benchmark

MSCI All Country World Total Return Index.
Time horizon

Longer than three years.
Inception date

1 June 2012
Initial subscription amount

US$10,000 or equivalent
Subsequent subscription amount

US$ 1,000 or equivalent
Signification restrictions

Complies with the Code on collective investment scheme issued by the Monetary Authority of Singapore.
Income distributions

A roll-up fund with income being reinvested in the portfolio.
Income characteristics

Zero income yield as it does not distribute its income.
Portfolio orientation

Investing in quality global equities that presents compelling long-term investment value.Global equity exposure typically between 90% and 100%, with balance invested in cash and money market instruments.
Risk considerations

The fund is priced in US dollars. Among others, investment value is subject to foreign exchange risk, market risk and interest rate risk, and credit risk of the issuers.
Risk of loss

High in periods shorter than three years. Subject to market volatility, lower in longer term.
Top 5
Security description Asset class Country of Listing Portfolio weight %
JD.Com Inc - ADR Equity US 6.2
Tencent Holdings Ltd Equity HK 5.4
Alphabet Inc Equity US 5.1
IPG Photonics Corporation Equity US 4.5
Wheaton Precious Metals Corp Equity US 4.3
Commentary

Monthly Commentary – May 2020

  • Global equities (+4.3%) rose as lockdowns eased and unprecedented monetary and fiscal stimulus outweighed a continued deterioration in the real economy – US markets (+5.1%) led despite rapidly growing unemployment with the Fed chairman warning that more fiscal stimulus would be needed
  • European bourses (+4.6%) gained as regional coronavirus infection curves flattened after stringent lockdowns – but economic trends worsened as UK retail sales plunged 18.1% month-on-month in the largest recorded drop since data collection began in 1988
  • Emerging markets (+0.8%) underperformed after geopolitical tensions escalated between the US and China (-0.5%) over Beijing’s new Hong Kong security legislation – but oil and commodity exporters rose, led by Brazil (+8.5%) and Russia (+8.6%)
  • Commodities including iron ore (+10.4%) and copper (+1.9%) gained on hopes of a revival in economic demand – oil (+39.8%) surged after Saudi Arabia unilaterally pledged to cut another 1 million barrels per day of production, with Kuwait and the UAE also pledged cuts
  • All sectors gained led by IT (+6.8%), industrials (+6.0%) and materials (+5.9%) – consumer staples (+2.0%), energy (+1.9%) and financials (+1.4%) lagged
  • The fund added alpha in the rising market despite its conservative positioning – core holdings JD.com (+26.1%), IPG Photonics (+20.2%), Wheaton Precious Metals (+13.9%) and Activision Blizzard (+12.9%) contributed meaningfully on strong earnings reports
Fees

The annual fee comprises a fixed standard fee plus a performance fee, subject to an overall minimum.

The annual fee may be adjusted up daily (subject to fulfilling the performance conditions) by the performance fee, calculated as the difference between the portfolio performance and the benchmark return for the same period multiplied by the performance fee sharing rate.

Initial fees: NONE
Annual fee: 0.85% + 15% of outperformance over the benchmark

Transaction forms

WHAT IF YOU HAD INVESTED WITH US IN THE PAST?

Experience the compounding phenomenon of a sustained, long-term investment with Foord.

Calculate
Using rand returns of Foord’s best investment view South African funds. ? In calculating the current value of your hypothetical investment, we have applied the long-term equity carve-out returns of Foord Asset Management's Global Balanced composite from 1 January 1990. These returns are gross of fees and taxes. Any information provided is not intended nor does it constitute financial, tax, legal, investment, or other type of advice, and the suitability or potential value of any information or particular investment source is not guaranteed. Performance may be affected by changes in the market or economic conditions and legal, regulatory and tax requirements. Distributions may be subject to mandatory withholding taxes. Foord does not provide any guarantee either with respect to the capital or the performance return of investments.
Using US dollar returns of Foord’s best investment view global fund. ? In calculating the current value of your investment, we have applied the long-term returns of the Foord International Trust. These returns are calculated net of fees. Past performance is no guarantee of future performance. Foord Asset Management (Singapore) Pte. Limited disclaims any liability for any loss, liability, or damages (whether direct or consequential) of any nature whatsoever that may be suffered as a result of, or which may be attributable, directly or indirectly to the use of or reliance upon the information provided.
Value Today: $0
Annualised Return: 0%
The annualised return is the effective annual percentage return achieved over the term of the investment. Results for an investment term of less than one year should be treated with caution.

Document Downloads

Performance Data History Price History Data Foord Global Equity Fund - Fact Sheet - May 2020 FGEF Annual Report & Financial Statements for the financial year ended 31 December 2019

Insights

08 May 2020

Stretched businesses unlikely to survive COVID-19 without government aid

The Asset spoke with Singapore-based Brian Arcese, portfolio manager at Foord Asset Management to get his outlook and insights into investing in global equities in the current climate.

Read more

09 Apr 2020

THE PIN THAT POPPED THE BUBBLE

Global equity markets delivered the best calendar-year return of the decade in 2019. Many markets were at or near all-time highs. In this podcast, Nick Curtin talks to Foord Singapore portfolio manager Brian Arcese…

Listen now
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FOORD ASSET MANAGEMENT (SINGAPORE) PTE. LIMITED

TEL: + 65 6521 1100

FAX: + 65 6521 1109

INFO@FOORD.COM.SG

FOORD ASSET MANAGEMENT (GUERNSEY) LIMITED

TEL: +44 (0) 1481 70 2400

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INVESTMENTS@FOORD.COM