Foord International Trust
For conservative, absolute-return investors
(SOFT CLOSED: FOR EXISTING INVESTORS ONLY)
INVESTMENT OBJECTIVE
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.
FOR INVESTORS
- With a moderate risk profile
- Seeking preservation of capital and safe investment growth.
REGISTERED COUNTRIES
Guernsey, Singapore, South Africa.
| Year | Fund Return % | MSCI World Return % | US Inflation % |
|---|---|---|---|
| 1997 (from 10/Mar) | 9.1 | 13.1 | 1.3 |
| 1998 | 13.9 | 24.3 | 1.6 |
| 1999 | -11.7 | 24.9 | 2.7 |
| 2000 | 23.7 | -13.2 | 3.4 |
| 2001 | -4.0 | -16.8 | 1.6 |
| 2002 | 3.2 | -19.9 | 2.5 |
| 2003 | 21.1 | 33.1 | 2.0 |
| 2004 | 13.0 | 14.7 | 3.3 |
| 2005 | 5.8 | 9.5 | 3.3 |
| 2006 | 18.4 | 20.1 | 2.5 |
| 2007 | 12.7 | 9.0 | 4.1 |
| 2008 | -18.4 | -40.7 | 0.0 |
| 2009 | 18.8 | 30.0 | 2.8 |
| 2010 | 10.2 | 11.8 | 1.4 |
| 2011 | -1.1 | -5.5 | 3.0 |
| 2012 | 11.2 | 15.8 | 1.8 |
| 2013 | 14.3 | 26.7 | 1.5 |
| 2014 | -2.1 | 4.9 | 0.7 |
| 2015 | 1.8 | -0.9 | 0.7 |
| 2016 | 1.1 | 7.5 | 2.2 |
| 2017 | 15.5 | 22.4 | 2.0 |
| 2018 | -9.6 | -8.7 | 1.9 |
| 2019 | 17.0 | 27.7 | 2.3 |
| 2020 | 7.1 | 15.9 | 1.3 |
The use of MSCI benchmark is for performance comparison only
| Objective |
To achieve meaningful inflation-beating US dollar returns over a full investment cycle. |
| Time horizon |
Longer than five years. |
| Inception date |
10 March 1997 |
| Initial investment amount |
US$10,000 or equivalent |
| Subsequent subscription amount |
US$1,000 or equivalant |
| Significant restrictions |
The portfolio may only invest in cash and Foord International Fund. |
| Income distributions |
A roll-up fund with income being reinvested in the portfolio. |
| Income characteristics |
Zero income yield as it does not distribute income. |
| Portfolio orientation |
Fully invested in the Foord International Fund, a sub-fund of Foord SICAV, domiciled in Luxembourg. |
| 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 in periods shorter than five years. Subject to market volatility, lower in longer term. |
| Security description | Asset class | Country of Listing | Portfolio weight % |
|---|---|---|---|
| FMC Corp | Equity | US | 8.6 |
| SSE PLC | Equity | GB | 5.6 |
| Nestle | Equity | CH | 5.6 |
| Roche Holding | 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
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.
Insights
14 Jan 2021
The Rise and rise of the Foord Global Equity Fund
The Foord Global Equity Fund performed extraordinarily well in 2020, which was an extraordinary year by any measure. Portfolio manager Ishreth Hassen reviews the fund’s index-beating performance.
13 Jan 2021
Markets in a Nutshell — December 2020
Developed market equities again reached new highs on the first COVID-19 vaccine approvals by US, UK and EU regulators and the passage in the US of a $900 billion pandemic relief bill. Despite accelerating COVID-19…