Quarterly Conversations Q3 2023 I M.I.C.E Update

Linda Eedes talks to Portfolio Manager, Rashaad Tayob about M.I.C.E. framework, a useful gauge Foord uses to consider the macro landscape.

Thematic Investing — Navigating the Investment Landscape

In the dynamic world of investing, identifying and capitalising on emerging themes can be key to long-term investment success. While change often creates near-term noise, Linda Eedes writes that it also creates opportunities for patient, forward-thinking investors.

The Foord Asia Ex-Japan Fund Explained

Asia offers a diverse matrix of fast-growing, emerging-market investment opportunities — although not without risk. In 2021, Foord Singapore launched the Foord Asia ex-Japan Fund to offer investors bespoke access to this dynamic market. Portfolio manager JC Xue delves into the fund’s genesis, strategy and performance.

Will the Dollar Remain the Global Reserve Currency?

De-dollarisation has become a trending geopolitical topic after the perceived weaponisation of the greenback as a tool to sanction Russia for its invasion of Ukraine. Portfolio manager Rashaad Tayob suggests that the threat of de-dollarisation is an underappreciated risk, given the speed at which geopolitical shifts are materialising.

MARKETS IN A NUTSHELL — FOR SEPTEMBER 2023

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.

MARKETS IN A NUTSHELL — FOR SEPTEMBER 2023

As autumn descended on the Northern Hemisphere, it brought with it a chill on Wall Street. Global equity and bond markets both sold off sharply — September was the worst month for the US S&P500 Index this year. US stocks have now fallen more than 7% since their July peaks. As with the rally earlier this year, the selloff was valuation and not earnings driven — a stark reminder that thematic rallies are vulnerable to rapid reversals.

Foord Global Equity Australia Feeder Fund Q3 2023 Commentary

"Despite robust current economic conditions, we are beginning to see signs of consumer strain both globally and in Australia. The lagged impact of aggressive central bank interest rate hikes and tightening credit conditions is just now beginning to work its way through the system," says Brian Arcese, portfolio manager in the Foord Global Equity Australia Feeder Fund Q3 2023 commentary. Every quarter Foord multiple-counsellor portfolio managers, Brian Arcese and Ishreth Hassen provide commentary across the fund range against a global market backdrop.

Foord International Fund Q3 2023 Commentary

"Though challenging during periods of market exuberance, recent volatility is a comforting reminder of the importance of remaining steadfast. Our portfolios are positioned conservatively, though balanced, comprised of securities that will serve to protect capital during periods of economic contraction while also investing in securities that can withstand, or even benefit from, periods of higher inflation," says portfolio manager Brian Arcese in the Foord International Fund commentary for Q3. Every quarter Foord multiple-counsellor portfolio managers, Brian Arcese and Ishreth Hassen provide commentary across the fund range against a global market backdrop.

Foord Global Equity Fund Q3 2023 Commentary

“Our portfolios are positioned conservatively though balanced, comprised of securities that will serve to protect capital during periods of economic contraction while also investing in securities that can withstand, or even benefit from, periods of higher inflation,” says portfolio manager Ishreth Hassen in the Foord Global Equity Fund commentary for Q3 2023. Every quarter Foord multiple-counsellor portfolio managers, Brian Arcese and Ishreth Hassen provide commentary across the fund range against a global market backdrop.

Foord-Hassen Shariah Equity Fund Q3 2023 Commentary

"Despite developed market economies finding themselves in a continual tug of war between growth and inflation over the quarter, the fund’s asset allocation contributed positively in performance," says Ishreth Hassen, portfolio manager on the Foord-Hassen Global Equity Shariah Fund. Every quarter Foord multiple-counsellor portfolio managers, Brian Arcese and Ishreth Hassen provide commentary across the fund range against a global market backdrop.