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Global Equity

For long-term investors in international listed equities.

OVERVIEW

The objective of this single-asset class strategy is to construct a globally diversified portfolio of quality companies bought at reasonable prices to achieve long-term US dollar returns with minimum risk of capital loss. History has shown that equity-only mandates typically provide the best long-term real returns – but they come with the greatest volatility of returns over shorter time horizons. The long-term outperformance target is 2 to 3% per annum in excess of the relevant benchmark after costs.

STRATEGY

Although the global equity strategy is relatively new, the strategy is managed according to the long-standing tried and tested Foord investment philosophy. Because Foord portfolios reflect a concentration on our very best long-term investment ideas, there can be prolonged periods of under-performance relative to the market index in the short to medium term. This has been a common feature of the performance patterns of Foord portfolios since inception in the early 1980s. Indeed, the highly regarded Foord International Fund suffered cumulative under-performance of almost 50% (relative to global equity indices) in the first three year’s of its existence. This was more than made however, over the longer-term as the full investment cycle played out and the dominant investment theses in the portfolio resulted in comfortable outperformance in the fullness of time. We believe that the Foord Global Equity Fund is indeed on a similar trajectory in this early part of its life cycle.

Historic investment returns
Years Composite Return % Benchmark* Return %
1 Year 23.6 16.3
3 Years 9.9 10.1
5 Years 11.4 12.3
Since Inception 01 June 2012 9.3 11.6

* Benchmark: MSCI All Countries World Index

Performance History

Document downloads


Performance Overview

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.

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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…

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