Skip to main content
This website uses cookies. Read more. Okay

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 (to 30/Apr) -8.5 -12.9

Characteristics
Benchmark

MSCI All Country World Total Return Index.

Time horizon

Longer than three 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

High in periods shorter than three years. Subject to market volatility, lower in longer term.

Top 5
Security description Asset class Market Portfolio weight %
JD.Com Inc - ADR Equity US 6.2
Tencent Holdings Ltd Equity HK 5.4
Alphabet Inc Equity US 5.1
IPG Photonics Corporation Equity US 4.5
Wheaton Precious Metals Corp Equity US 4.3
Commentary

Monthly Commentary – April 2020

  • Global equity bourses (+10.7%) capped their best month since 1987 – unprecedented stimulus and flatter virus curves in the major economies bolstered hope for rebounding economic activity
     
  • US markets (+13.1%) surged as the US Federal Reserve took further steps to avert economic collapse by providing $2.3 trillion to support households, businesses and local government – which includes $600 billion of credit support to small and mid-sized businesses
     
  • Europe (+5.9%) underperformed due to its reliance on industrial activity as France’s economy contracted 5.8% month-on-month in the first quarter – its steepest decline since 1949 when records began
     
  • Emerging markets (+9.2%) gained with their currencies and commodities despite more than 80 countries seeking IMF aid – Brazil (+5.4%) underperformed on poor COVID-19 management while India (+16.1%) outperformed as low oil prices improved the fiscal deficit
     
  • Oil’s (+11.1%) volatility continued as May WTI contracts plunged into negative territory for the first time amid a lack of storage to take delivery – Saudi Arabia and Russia ended their oil-price war, agreeing to cut 10% of global supply for the next two months, nowhere near enough to offset the 25-30% collapse in near-term demand
     
  • Fund outperformance expanded despite a high cash balance – Mesoblast (+157.7%) surged after its remestemcel-L treatment achieved meaningful results in treating a small sample of severe COVID-19 patients and progressed to comprehensive trials
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 long-term equity carve-out returns of Foord Asset Management's Global Balanced composite from 1 January 1990. These returns are gross of fees and taxes. 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

24 Apr 2020

Politics of oil

There has been a seismic change in global oil markets, with potentially devastating long-term risks to the global economy and geopolitics. Portfolio manager and resources analyst MIKE TOWNSHEND looks at the politics…

Read more

09 Apr 2020

THE PIN THAT POPPED THE BUBBLE

Global equity markets delivered the best calendar-year return of the decade in 2019. Many markets were at or near all-time highs. In this podcast, Nick Curtin talks to Foord Singapore portfolio manager Brian Arcese…

Listen now
newsletter subscription