Performance Review — Light at the End of the Tunnel

The Foord International Fund is known for its resilience during market weakness. It is much more likely to lag in bull markets — and last year was no exception. In this article, Director Paul Cluer discusses why the Foord global funds underperformed last year, when and how we expect them to recover.

MARKETS IN A NUTSHELL — FOR MARCH 2024

World equity markets remained in go-go mode last month, with US bourses hurtling along at a giddy pace. The S&P 500 Index added another 3.1%, wrapping up the first quarter with a hefty double-digit gain and closing at yet another all-time high. Notably, the March rally was not driven by ‘big tech’ — energy, materials and utilities were the biggest gainers. World developed market bourses rose in tandem, while emerging markets also gained as even reluctant investors joined the fray. Chinese equities nudged higher, with the market seemingly now to have troughed.

MARKETS IN A NUTSHELL — FOR MARCH 2024

In our monthly podcast, ‘Markets in a nutshell’, Linda Eedes discusses what’s happened in global markets and economies over the past month, how we see things playing out and how Foord is positioned as a result.

Investing in China — Risks and Opportunities

China’s main Hong Kong stock market index — the Hang Seng — has nearly halved on net selling by foreign investors since its post-COVID peak. The index is trading at levels last seen 25 years ago and at valuation lows reminiscent of the 1997 Asian Financial Crisis. In this article, Foord Singapore portfolio manager JC XUE counters the ‘China is not investible’ argument and looks at long-term opportunities for patient investors.

Markets In A Nutshell — For February 2024

Investors showered US stocks with love this Valentine’s month, spurning bonds. The US S&P 500 Index surged 5.2%, closing above the 5,000 level for the first time. The Nasdaq Composite and Dow Jones indices also achieved all-time highs. In contrast, US bonds fell on robust economic data and an uptick in US inflation — which again pushed out expectations for the timing of the US Federal Reserve’s first interest rate cuts.

Markets In A Nutshell — For February 2024

In our monthly podcast, ‘Markets in a nutshell’, Linda Eedes discusses what’s happened in global markets and economies over the past month, how we see things playing out and how Foord is positioned as a result.

Quarterly Conversations Q4 2023 I Foord International Fund

Multiple-counsellor portfolio manager on the Foord International Fund, Brian Arcese talks to investment professional, Lind Eedes about the fund’s performance in 2023 and how it is positioned going forward.

Quarterly Conversations Q4 2023 I Foord Asia ex-Japan Fund

Portfolio managers Brian Arcese and JC Xue provide an update on the fund’s performance through Q4 2023 and how Foord Asset Management navigates complex market conditions.

Markets In A Nutshell — For January 2024

January marked the beginning of a new year, but it did not herald a change in stock market momentum. US equity markets continued to defy gravity and the US S&P 500 Index again made new highs. Meanwhile, the Hang Seng Index in Hong Kong slumped further towards levels last seen 20 years ago.

Markets In A Nutshell — For January 2024

In our monthly podcast, ‘Markets in a nutshell’, Linda Eedes discusses what’s happened in global markets and economies over the past month, how we see things playing out and how Foord is positioned as a result.