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Foord Global Equity Fund (Luxembourg)

For long-term investors in global equity securities



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.


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


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


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 31/Jul) 6.1 -1.3


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 6.5
Tencent Holdings Ltd Equity HK 5.3
Wheaton Precious Metals Corp Equity US 4.7
IPG Photonics Corporation Equity US 4.7
Alphabet Inc Equity US 4.6

Monthly Commentary – July 2020

  • Global equities (+5.3%) advanced as earnings season produced better-than-feared results—hopes for a COVID-19 vaccine grew as pharmaceutical companies reported promising early trial results
  • US markets (+5.9%) gained as Republicans presented a new $1 trillion fiscal stimulus package and the Federal Reserve extended its lending support programme to non-profit organisations—as daily virus numbers reached new highs and deaths resumed an uptrend in a second wave of infections
  • European bourses (+3.8%) gained even as the economy deteriorated—German (+5.0%) second-quarter GDP fell most since records began in 1970
  • Emerging markets (+8.9%) outperformed on dollar weakness, led by Brazil (+14.2%), India (+10.4%) and China (+9.4%)—the Chinese recovery gained momentum as geopolitical tensions worsened amid the closure of the Chinese consulate in Houston on claims of economic espionage
  • The US dollar index (-4.4%) had its worst month since 2010, prompting technical break-outs in gold (+9.5%) and silver (+34.9%)—most commodities including copper (+6.8%) and oil (+5.2%) gained, supported by US and European stimulus announcements
  • All sectors other than energy (-2.0%) rose—consumer discretionary (+8.2%), materials (+8.0%) and IT (+7.1%) gained the most
  • Fund outperformance was sustained despite the very narrow market—the top five US tech companies have gained more than 35% this year and now account for 20% of the S&P 500, while the index’s remaining constituents have fallen approximately 5% in an increasingly bifurcated and risky market

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


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

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.


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