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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 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 (to 31/Oct) 4.9 16.8

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 %
Alphabet Inc Equity US 7.6
Tencent Holdings Ltd Equity HK 4.7
JD.Com Inc - ADR Equity US 4.4
Freeport-McMoran Inc Equity US 4.1
Nutrien Ltd Equity US 3.3
Commentary

Monthly Commentary – October 2021

  • Global equities (+5.1%) rebounded from September’s losses—investors shrugged off recurring evidence of supply-chain bottlenecks and a potential peak in corporate margins
  • US bourses (+6.9%) outperformed as S&P500 corporate earnings growth (+38% year-on-year) surpassed expectations—European stocks (+4.5%) also rose despite energy concerns from stubbornly high gas prices in the lead up to winter
  • Emerging markets (+1.0%) underperformed, with India (-0.8%), Korea and Brazil (-9.0%) falling for the fourth consecutive month—Chinese bourses (+3.2%) rose on a reprieve in US/China geopolitical tensions and the abatement of new regulatory pressures and diminishing Evergrande related contagion risks
  • Consumer discretionary (+8.0%) (on strong earnings and improving China sentiment), information technology (+6.7%) and energy (+6.4%) led equity markets higher—financials (+5.7%) were higher on strong third-quarter earnings and rising rate hike expectations
  • Industrial commodities, iron ore (+1.3%), copper (+7.0%) and oil (+7.5%) continued higher while gas (-21.6%) and Chinese thermal coal (-22.9%) fell on potential Russian gas supply increases and Chinese coal pricing intervention—precious metals platinum (+5.7%), palladium (+4.8%), silver (+11.5%) and gold (+1.6%) all moved higher
  • Fund outperformance of the index was driven primarily by the fund’s Chinese holdings, communication services and materials as sentiment for Chinese equities began to improve and inflation concerns drove commodity prices higher—the managers expect commodity prices to be supported in the medium term by persistent inflation
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.

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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

24 Nov 2021

The Case for Commodities

Foord portfolio manager, Ishreth Hassen, discusses the case for commodities.

Watch now

16 Nov 2021

Staying the course

 “When adversity strikes, that's when you have to be the most calm. Take a step back, stay strong, stay grounded and press on.” — LL Cool J. Portfolio manager NANCY HOSSACK revisits the thesis that share volatility…

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