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Foord Global Equity Feeder Fund

CLOSED TO NEW INVESTMENT

For long-term investors in global equity securities

 

INVEST NOW

INVESTMENT OBJECTIVE

To outperform the MSCI All Country World Net Total Return Index from an actively managed portfolio of global equities, without assuming greater risk.

FOR SOUTH AFRICAN INVESTORS

•    With a higher risk profile
•    Requiring diversification through investments not available in South Africa
•    Seeking to hedge rand depreciation
•    And able to withstand investment volatility in the short to medium term.

Performance

Returns
Year Fund Return % Benchmark Return % SA Inflation %
2014 (from 01/May) 6.7 12.0 1.6
2015 32.0 31.8 5.2
2016 -9.4 -5.1 6.8
2017 14.1 11.7 4.7
2018 -3.5 5.1 4.5
2019 24.3 23.9 4.0
2020 28.8 21.4 3.1

Characteristics
Benchmark

The ZAR equivalent of MSCI All Country World Total Return Index.

Time horizon

Longer than three years.

Inception date

2 May 2014

Minimum investment

R50 000 lump sum or R1 000 per month

Significant restrictions

The portfolio may only invest in cash and one other collective investment scheme.

Income distributions

The Foord Global Equity Fund, in which the fund invests, does not distribute its income.

Income characteristics

Marginal to zero income yield as the Foord Global Equity Fund is a roll-up fund and does not distribute its income.

Portfolio orientation

Invests in Foord Global Equity Fund, a fund invested primarily in a diversified portfolio of global equities, priced in US dollars and domiciled in Singapore.

Risk of loss

Currency volatility means risk of loss in the short term is high. In general, the risk is high in periods shorter than one year and lower in periods longer than three years

Top 10
Security description Asset class Market Portfolio weight %
JD.Com Inc Equity US 5.5
IPG Photonics Corporation Equity US 4.9
Tencent Holdings Equity HK 4.5
Alphabet Inc Equity US 4.2
Extended Stay America Inc Equity US 3.9
Freeport-McMoran Inc Equity US 3.7
Baidu Inc Equity US 3.5
AIA Group Ltd Equity HK 3.0
Nutrien Equity US 2.4
Wheaton Precious Metals Equity US 2.4
Commentary

Monthly Commentary – December 2020

  • Global equities (+4.6%) continued rising—buoyed by the COVID-19 vaccines rollout commencing in multiple countries and passage in the US of the $900 billion pandemic stimulus bill and government funding plan
  • US equity markets (+4.1%) gained despite accelerating COVID-19 infections—market is anticipating a better 2021 given the COVID-19 vaccine roll outs and potentially more stimulus under the Biden administration
  • European bourses (+4.7%) rose on the 11th hour Brexit trade deal, which helped avoid trade friction and others issues related to a no-deal Brexit—the start of the EU vaccination drive also heralded a possible return to normal this year
  • The emerging market rally (+7.4%) gathered pace as vaccine news supported risk-on sentiment—boosting commodity prices and emerging markets including Brazil (+13.6%), India (+10.2%) and Russia (+10.1%)
  • China (+2.8%) underperformed—on concerns about government antitrust investigations on Chinese internet companies
  • Sector gains were led by the materials (+7.0%) and information technology (+6.9%) sectors—while real estate (+1.8%), utilities (+2.4%), industrial (+2.7%), consumer staples (+3.2%) and communication services (+3.7%) underperformed
  • Fund performance was supported by contributions from Baidu (+55.6%), Moncler (+24.6%) and Freeport-McMoran (+11.2%)—Alphabet (-0.5%), Tencent (+0.2%) and Nutrien (-1.3%) were the detractors
  • The rand (+5.0% vs the US dollar) gained on broad-based dollar weakness and positive emerging markets sentiment on COVID-19 vaccine news and expectations for accelerating global economic growth in 2021—despite recent dollar weakness, the rand (-5.0%) is weaker over 2020 and remains vulnerable over the longer term
Fees

The standard charge rate is a fixed fee of 0.35% plus VAT. A 0.85% fixed amount fee plus 15% performance sharing fee is charged in the Foord Global Equity Fund.

WHAT IF YOU HAD INVESTED WITH US IN THE PAST?


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

Calculate
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.

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