The fund aims to achieve meaningful inflation-beating US$ returns over rolling five-year periods from a conservatively managed portfolio of global investments reflecting Foord's prevailing best investment view.
- With a moderate risk profile
- Seeking preservation of capital and safe investment growth.
Japan, Luxembourg, Singapore, South Africa, Switzerland, United Kingdom.
|Year||Fund Return %||MSCI World Return %||US Inflation %|
|1997 (from 10/Mar)||9.1||13.1||1.3|
The use of MSCI benchmark is for performance comparison only
To achieve meaningful inflation-beating US dollar returns over a full investment cycle.
Longer than five years.
2 April 2013
|Initial investment amount||
US$10,000 or equivalent
|Subsequent subscription amount||
US$1,000 or equivalent
Complies with UCITS regulation. In addition, the Fund cannot entered 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.
A roll-up fund with income being reinvested in the portfolio.
Zero income yield as it does not distribute its income.
Flexible asset allocation across different asset classes - global equities, listed commodity securities, interest-bearing securities, cash and money market instruments - to achieve its objective.
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 in periods shorter than five years. Subject to market volatility, lower in longer term.
|Security description||Asset class||Country of Listing||Portfolio weight %|
|Roche Holding AG||Equity||CH||4.4|
|CVS Health Corp||Equity||US||4.2|
Monthly Commentary – December 2020
- Developed market equities (+4.2%) again reached new highs—the approval of the first COVID-19 vaccines by US, UK and EU regulators and (delayed) passage of a $900 billion US pandemic relief bill drove markets
- Improving global economic sentiment propelled emerging markets (+7.4%) higher—commodity exporters Brazil (+13.6%) and Russia (+10.1%) led returns, boosted by increases in underlying commodity prices including oil (+8.9%) and iron ore (+25.1%)
- Developed market bond yields diverged modestly—European sovereign yields declined on reaccelerating COVID-19 infections, while US yields edged higher on a modest improvement in US employment and the COVID-19 vaccine approvals
- The US dollar continued to weaken against most emerging market currencies and the majors—improving global economic prospects and an 11th hour Brexit trade deal led to gains for the euro (+2.3%) and British pound (+2.4%)
- Industrial commodities oil (+8.9%), copper (+2.7%) and iron ore (+25.1%) rose on expectations that production, distribution and uptake of COVID-19 vaccines may be enough to curtail the pandemic and accelerate global growth in 2021—precious metals gold (+6.6%) and silver (19.6%) rebounded after three months of retreat
- UK utility SSE PLC (+11.8%) and Hong-Kong property developer Wharf REIC (+11.9%) contributed the most to performance—Chinese insurer PICC Property & Casualty (-8.3%), detracted
- The managers continue to favour equities over other asset classes—mindful of elevated equity valuations, however, the managers also hold cash, precious metals and a modest derivative position to hedge against a potential market retracement
Management Fee (Percentage of the applicable Net Asset Value per share)
Class B: 1.00% (Institutional investors)
Class R: 1.00% (Retail investors)
WHAT IF YOU HAD INVESTED WITH US IN THE PAST?
Experience the compounding phenomenon of a sustained, long-term investment with Foord.