Foord International Trust
For conservative, absolute-return investors
(SOFT CLOSED: FOR EXISTING INVESTORS ONLY)
The fund aims to achieve long-term 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.
Guernsey, Singapore, South Africa.
|Year||Fund Return %||MSCI World Return %||US Inflation %|
|1997 (from 10/Mar)||9.1||13.1||1.3|
|2020 (to 31/Jul)||0.6||-1.3||-0.5|
To achieve meaningful inflation-beating US dollar returns over a full investment cycle.
Longer than three years.
10 March 1997
|Initial investment amount||
US$10,000 or equivalent
|Subsequent subscription amount||
US$1,000 or equivalant
The portfolio may only invest in cash and Foord International Fund.
A roll-up fund with income being reinvested in the portfolio.
Zero income yield as it does not distribute income.
Fully invested in the Foord International Fund, a sub-fund of Foord SICAV, domiciled in Luxembourg.
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 three years. Subject to market volatility, lower in longer term.
|Security description||Asset class||Country of Listing||Portfolio weight %|
|CVS Health Corp||Equity||US||4.1|
Monthly Commentary – July 2020
- Developed market equities (+4.8%) gained when second quarter corporate earnings surpassed (albeit lowered) expectations—sizeable fiscal and monetary stimulus measures continue to bolster equity markets
- Emerging markets (+8.9%) outperformed, led by Brazil (+14.2%) and China (+9.4%)—continued oil price stabilisation (+5.2%) and gradual peaking of COVID-19 infections in Brazil served to buoy the country’s bourses
- Global developed market sovereign and highly-rated corporate bond yields are at record lows with more than 60% of global debt trading below 1.0% and 85% below 2.0%—July’s US Fed meeting reinforced expectations that interest rates will remain low for the foreseeable future
- The US dollar continued to decline—weakening against the euro (+5.3%), British pound (+6.2%) and Japanese yen (+2.0%)
- Precious metals gold (+9.5%) and silver (+34.9%) led gains in hard and soft commodities—driven by global central banks pinning interest rates near zero, unprecedented peacetime fiscal deficits and emerging US dollar weakness
- The fund’s gold ETF and investment in precious metals streamer Wheaton Precious Metals (+23.3%) contributed most to performance—while leading Hong Kong retail property developer Wharf REIC (-25.9%) again detracted on renewed political instability and reaccelerating COVID-19 infections
- The path to a full economic recovery is considerably uncertain given increasing geopolitical tensions, expensive equity valuations, US elections and the COVID-19 pandemic—the managers remain cautious and the fund retains S&P 500 hedges to protect against these elevated risks
No initial fees and redemption fees are levied. A fixed annual fee of 1.00% is levied in the Foord International Fund.
WHAT IF YOU HAD INVESTED WITH US IN THE PAST?
Experience the compounding phenomenon of a sustained, long-term investment with Foord.