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Foord Global Equity Fund (Luxembourg)

For long-term investors in global equity securities

INVEST NOW

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

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

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 (to 30/Sep) 7.5 1.4

Characteristics
Benchmark

MSCI All Country World Total Return Index.

Time horizon

Longer than three 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.

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 7.5
Tencent Holdings Ltd Equity HK 5.0
Alphabet Inc Equity US 4.4
IPG Photonics Corporation Equity US 4.4
Wheaton Precious Metals Corp Equity US 4.2
Commentary

Monthly Commentary – September 2020

  • Global equities (-3.2%) fell for the first time in six months, weighed down by benchmark-heavy tech stocks—a wave of IPOs, M&A and stock splits typically evident of excessive liquidity characterised the month
  • US equities (-3.8%) declined on disappointing macroeconomic data and expiring stimulus measures—America’s unemployment rate is still high at 8.4%, with retail sales growth slowing dramatically in August
  • The US dollar strengthened against most majors, weighing on emerging markets and commodities—gold (-4.1%) retraced some of its recent gains and oil (-9.6%) tumbled after Saudi Arabia cut prices for major customers
  • Emerging markets (-1.6%) displayed mixed performance—commodity consumers such as India (+0.6%) (also on rumours of more stimulus) faring better than commodity producers such as Brazil (-7.1%) and Russia (-7.4%)
  • On the geopolitical front, tensions between the US and China (-2.7%) remain elevated—the Pentagon said it would extend export restrictions to China’s biggest semiconductor manufacturer SMIC
  • All sectors fell—energy (-12.1%), financials (-5.3%) and communication services (-5.1%) performed worst
  • The fund performed in line with its benchmark—its non-tech Chinese investments mostly added value, while core holdings Alphabet (-10.1%) and Wheaton Precious Metals (-8.1%) weighed on performance
  • The managers raised cash and added to portfolio hedges ahead of the volatility—market valuation levels remain stretched given the prevailing macroeconomic environment
Fees

Management Fee (Percentage of the applicable Net Asset Value per share)
Class A: 1.35%
Class R: 1.35%

WHAT IF YOU HAD INVESTED WITH US IN THE PAST?


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

Calculate
Currency
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.

Insights

08 Oct 2020

Markets in a Nutshell - October 2020

Global equities retraced from a five-month rally that had been ignited by a robust recovery in many high frequency economic indicators. Worries that high unemployment levels and expiring stimulus measures could…

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15 Sep 2020

The More Things Change...

The COVID-19 pandemic has dramatically and swiftly changed our living routines and operating habits. Future gazers have opined on how much of our daily lives will change permanently. But Foord Singapore analyst JC…

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