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Foord Global Equity Fund (Singapore)

For long-term investors in global equity securities

Celebrating 10 Years

INVESTMENT OBJECTIVE

The fund aims to achieve optimum risk-adjusted returns by investing in a diversified portfolio of global equities and related securities. It seeks to outperform the MSCI All Country World Net Total Return Index after fees, without assuming greater risk.

FOR INVESTORS

  • With a moderate to high risk profile
  • Seeking long-term capital growth
  • And able to withstand investment volatility in the short to medium term.

REGISTERED COUNTRIES

Singapore, South Africa.

 

Performance

Returns
Year Fund Return % Benchmark Return %
2012 (from 01/Jun) 12.4 15.3
2013 18.7 22.8
2014 -6.4 4.2
2015 -2.2 -2.4
2016 1.9 7.9
2017 25.8 24.0
2018 -16.0 -9.4
2019 26.5 26.6
2020 24.9 16.3
2021 2.2 18.5
2022 (to 31/May) -10.0 -12.8

Characteristics
Benchmark

MSCI All Country World Total Return Index.

Time horizon

Longer than five years.

Inception date

1 June 2012

Initial subscription amount

US$10,000 or equivalent

Subsequent subscription amount

US$ 1,000 or equivalent

Signification restrictions

Complies with the Code on collective investment scheme issued by the Monetary Authority of Singapore.

Income distributions

A roll-up fund with income being reinvested in the portfolio.

Income characteristics

Zero income yield as it does not distribute its income.

Portfolio orientation

Investing in quality global equities that presents compelling long-term investment value.Global equity exposure typically between 90% and 100%, with balance invested in cash and money market instruments.

The fund is actively managed and not constrained by the benchmark in its portfolio positioning.

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 to high in periods shorter than five years. Subject to market volatility, lower in longer term.

Top 5
Security description Asset class Market Portfolio weight %
Freeport-McMoran Inc Equity US 4.2
Tencent Holdings Ltd Equity HK 4.0
JD.Com Inc - ADR Equity US 3.7
Alibaba Group Holding Ltd Equity HK 3.5
Alphabet Inc Equity US 3.2
Commentary

Monthly Commentary – May 2022

  • Global developed market equities (+0.1%) were volatile, with broad-based selling culminating midmonth in markets’ worst one-day return in nearly two years — followed by a final week rally, driven (ironically) by hopes for more dovish US Federal Reserve policy on prospects of slowing growth
  • UK (+1.7%) and European (+0.7%) bourses led developed markets — with a quarter of its market in energy and mining stocks and a further third in defensive sectors (including healthcare and consumer staples), UK equities have bested nearly all developed markets this year
  • Emerging markets (+0.4%) rose modestly, led by commodity-driven and export-oriented Brazilian equities (+8.2%), which remains one of the best performing markets this year — Indian equities (-5.8%) fell as higher commodity prices weigh on growth expectations
  • The energy (+12.0%) and financial (+2.0%) sectors were the best performing sectors — the energy sector rose on the back of continued oil price rises (+12.4%) while financials remain buoyed by the endowment effect of rising interest rates
  • Concerns that persistently high inflation has begun to weigh on consumer balance sheets led to the underperformance of consumer sectors — the consumer discretionary (-2.9%) and consumer staples (-3.2%) sectors weighed on index returns
  • Oil (+12.4%) has now posted double-digit price increases in four of the last six months — largely on supply uncertainty due to prospects of further Russian sanctions
  • Precious metals including gold (-3.5%) and silver (-7.1%) declined, giving up much of their 1Q22 gains — the real rates now available for select fixed-interest instruments increase the opportunity cost of holding the metals
  • The fund outperformed the index — driven by communication services, consumer staples and industrials holdings
Fees

Management fee (percentage of the applicable Net Asset Value per share) Class B: 0.85% + 15% of performance fee.

The annual fee comprises a fixed standard fee plus a performance fee, subject to an overall minimum.

The annual fee may be adjusted up daily, subject to fulfilling the performance conditions.

Performance fee is chargeable only when the portfolio performance exceeds the benchmark and the high-water mark ("HWM") is exceeded.

Should the portfolio underperform, it must first recover the underperformance since the last HWM before performance fees are payable.

WHAT IF YOU HAD INVESTED WITH US IN THE PAST?


Experience the compounding phenomenon of a sustained, long-term investment with the Foord International Fund.

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Currency
Using rand returns of Foord’s best investment view South African funds. ? In calculating the current value of your hypothetical investment, we have applied the returns of Foord Asset Management’s retirement fund track record from 1 January 1990 to 31 March 2008 (gross of fees) combined with the net returns of the Foord Flexible Fund of Funds from 1 April 2008. Any information provided is not intended nor does it constitute financial, tax, legal, investment, or other type of advice, and the suitability or potential value of any information or particular investment source is not guaranteed. Performance may be affected by changes in the market or economic conditions and legal, regulatory and tax requirements. Distributions may be subject to mandatory withholding taxes. Foord does not provide any guarantee either with respect to the capital or the performance return of investments.
Using US dollar returns of Foord’s best investment view global fund. ? In calculating the current value of your investment, we have applied the long-term returns of the Foord International Trust. These returns are calculated net of fees. Past performance is no guarantee of future performance. Foord Asset Management (Singapore) Pte. Limited disclaims any liability for any loss, liability, or damages (whether direct or consequential) of any nature whatsoever that may be suffered as a result of, or which may be attributable, directly or indirectly to the use of or reliance upon the information provided.
Value Today: R0
Annualised Return: 0%
The annualised return is the effective annual percentage return achieved over the term of the investment. Results for an investment term of less than one year should be treated with caution.

Insights

07 Jun 2022

MARKETS IN A NUTSHELL - MAY 2022

With developed market equities ending flat and emerging markets slightly up, one could be forgiven for thinking that May was uneventful. It was in fact another volatile month that included the markets’ worst one-day…

Read more

02 Jun 2022

Foord Asset Management welcomes seasoned investment professional Linda Eedes

Foord is delighted to announce the appointment of Linda Eedes to its investment team from 1 June 2022.

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