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Foord Global Equity Fund (Singapore)

For long-term investors in global equity securities

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 higher 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 (to 31/Jul) 6.0 13.1

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.

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 %
Alphabet Inc Equity US 7.1
Tencent Holdings Ltd Equity HK 4.7
JD.Com Inc - ADR Equity US 4.0
Freeport-McMoran Inc Equity US 3.8
Alibaba Group Holding Ltd Equity HK 3.3
Commentary

Monthly Commentary – July 2021

  • Global equities (+0.7%) rose for the 6th consecutive month despite spread of the COVID-19 Delta variantmarket performance was supported by low interest rates and corporate earnings pointing to robust economic rebound
  • US indices (+2.3%) outperformed as reopening momentum continuedpersonal saving rates staying above pre-COVID norms should sustain economic growth
  • European indices (+1.8%) performed in-line with global equitiesEurozone manufacturing activity improved as industrial activity levels continued to recover
  • Emerging markets (-6.7%) declined, led by China (-13.8%) and Hong Kong (-2.9%)Chinese regulatory interventions aiming to ban for-profit private education firms and regulate ride-hailing company Didi triggered market worry that regulatory crackdowns could hurt other successful industries
  • Defensive sectors outperformed, with healthcare (+3.0%), info tech (+2.8%) and utilities (+2.6%) gainingoffsetting declines in the energy (-5.9%) and consumer discretionary (-2.3%) sectors
  • Gold (+2.4%) and copper (+4.3%) rebounded slightly from broader decline through Junewhile Brent (+1.6%) remained above $70 a barrel
  • Top fund holding Alphabet (+7.9%) was the top contributor in the month—with fund performance helped by gains from precious metals streamer Wheaton Precious Metals (+4.7%) and copper miner Freeport-McMoRan (+2.8%)
  • Fund performance was hurt by declines in Chinese tech names Tencent (-18.0%), Alibaba (-14.2%) and JD.com (-11.2%) on negative sentiment following regulatory intervention—company valuations appear increasingly attractive given long-term structural growth opportunities, with regulation driving greater focus on delivering solutions that benefit all stakeholders
Fees

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) by the performance fee, calculated as the difference between the portfolio performance and the benchmark return for the same period multiplied by the performance fee sharing rate.

Initial fees: NONE
Annual fee: 0.85% + 15% of outperformance over the benchmark

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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