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Foord Global Equity Fund (Luxembourg)

For long-term investors in global equity securities

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

REGISTERED COUNTRIES

Belgium, France, Japan, Luxembourg, South Africa, Switzerland, United Kingdom.

FUND MANAGERS

Dave Foord

Chief Investment Officer

Performance

Returns
Year Fund Return % Benchmark Return %
2013 (from 02/Apr) 14.1 15.8
2014 -5.9 4.2
2015 -2.1 -2.4
2016 1.6 7.9
2017 25.8 24.0
2018 -15.8 -9.4
2019 25.4 26.6
2020 23.9 16.3
2021 2.0 18.5

Characteristics
Benchmark

MSCI All Country World Total Return Index.
Time horizon

Longer than five years.
Inception date

2 April 2013
Initial subscription amount

US$10,000 or equivalent
Subsequent subscription amount

US$ 1,000 or equivalent
Significant restrictions

Complies with UCITS regulations. In addition, the Fund cannot enter into total return swaps, securities lending transactions, repurchase transactions or reverse repurchase transactions or any other securities financing transactions. Only listed derivatives can be used for efficient portfolio management.
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 value. Global equity exposure typically between 90% and 100%, with balance invested in cash and money market instruments.

The fund is actively managed and not constrained by the benchmark in its portfolio positioning.
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

Moderate to high in periods shorter than five years. Subject to market volatility, lower in longer term.
Top 5
Security description Asset class Country of Listing Portfolio weight %
Alphabet Inc Equity US 6.7
Tencent Holdings Ltd Equity HK 4.7
JD.Com Inc - ADR Equity US 4.1
Freeport-McMoran Inc Equity US 4.0
Nutrien Ltd Equity US 3.3
Commentary

Monthly Commentary – December 2021

  • Global equities (+4.0%) were buoyed by signs that the more infectious Omicron COVID-19 variant appears to be substantially less virulent than the previous Delta variant—optimistic investors rotated back into more cyclical European markets (+6.6%) while tech-heavy US bourses (+3.9%) underperformed
  • Emerging markets (+1.9%) underperformed as continued regulatory pressure and property developer worries weighed on Chinese bourses (-3.2%)—energy centric Russian markets (-2.3%) failed to recover despite a rebound in oil prices (+10.2%)
  • All sectors bar consumer discretionary finished the month higher led by utilities (+8.1%), consumer staples (+8.0%), real estate (7.0%) and health care (+6.8%)—consumer discretionary underperformed but was only marginally negative (-0.2%)
  • Most industrial commodities including copper (+4.1%), iron ore (+18.5%) and oil (+10.2%) rebounded as investors re-engaged with economically-sensitive cyclical commodities—in anticipation of a limited Omicron related impact to economic activity
  • Precious metals silver (+1.0%) and gold (+3.0%) rose despite the looming contractionary monetary policy shift—real interest rates remain negative, decreasing the opportunity cost and increasing the attraction of holding precious metals as an alternative store of value
  • Fund underperformance of the index was driven by allocations to the consumer discretionary and communication services sectors—the holdings in Chinese tech names more than offset the positive contributions from companies in the materials sector
Fees

Management Fee (Percentage of the applicable Net Asset Value per share)
Class R: 0.85% + 15% of outperformance over the benchmark
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
 

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WHAT IF YOU HAD INVESTED WITH US IN THE PAST?

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

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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 returns of Foord Asset Management’s retirement fund track record from 1 January 1990 to 31 March 2008 (gross of fees) combined with the net returns of the Foord Flexible Fund of Funds from 1 April 2008. 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 (Lux) - Fact Sheet - December 2021 Foord SICAV Annual Report for the year ended 31 December 2020

Insights

07 Jan 2022

Markets in a nutshell — December 2021

Global equities were buoyed by signs that the highly transmissible Omicron COVID-19 variant appears to be substantially less virulent than previous variants. Optimistic investors rotated back into more cyclical…

Read more

09 Dec 2021

Markets in a nutshell — November 2021

The new and potentially more transmissible Omicron COVID-19 variant latterly weighed on global equities, with the tech-heavy US bourses outperforming. European stocks underperformed on waning economic recovery…

Read more
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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

FAX: +44 (0) 1481 73 4546

INVESTMENTS@FOORD.COM