This website uses cookies. Read more. Okay

Foord International Fund

For conservative, absolute-return investors

INVEST NOW

INVESTMENT OBJECTIVE

The fund aims to achieve meaningful inflation-beating US$ returns over rolling five-year periods from a conservatively managed portfolio of global investments reflecting Foord's prevailing best investment view.

FOR INVESTORS

  • With a moderate risk profile
  • Seeking preservation of capital and safe investment growth.

REGISTERED COUNTRIES

Japan, Luxembourg, Singapore, South Africa, Switzerland, United Kingdom.

Performance

Returns
Year Fund Return % MSCI World Return % US Inflation %
1997 (from 10/Mar) 9.1 13.1 1.3
1998 13.9 24.3 1.6
1999 -11.7 24.9 2.7
2000 23.7 -13.2 3.4
2001 -4.0 -16.8 1.6
2002 3.2 -19.9 2.5
2003 21.1 33.1 2.0
2004 13.0 14.7 3.3
2005 5.8 9.5 3.3
2006 18.4 20.1 2.5
2007 12.7 9.0 4.1
2008 -18.4 -40.7 0.0
2009 18.8 30.0 2.8
2010 10.2 11.8 1.4
2011 -1.1 -5.5 3.0
2012 11.2 15.8 1.8
2013 15.1 26.7 1.5
2014 -1.9 4.9 0.7
2015 1.9 -0.9 0.7
2016 1.2 7.5 2.2
2017 15.5 22.4 2.0
2018 -9.6 -8.7 1.9
2019 17.0 27.7 2.3
2020 6.8 15.9 1.3
2021 (to 30/Sep) 0.4 13.0 4.7

The use of MSCI benchmark is for performance comparison only

Characteristics
Objective

To achieve meaningful inflation-beating US dollar returns over a full investment cycle.

Time horizon

Longer than five years.

Inception date

2 April 2013

Initial investment amount

US$10,000 or equivalent

Subsequent subscription amount

US$1,000 or equivalent

Significant restrictions

Complies with UCITS regulation. In addition, the Fund cannot entered into total return swaps, securities lending transactions, repurchase transactions or reverse repurchase transactions or any other securities financing transactions. Only listed derivatives can be used for efficient portfolio management.

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

Flexible asset allocation across different asset classes - global equities, listed commodity securities, interest-bearing securities, cash and money market instruments - to achieve its objective.

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

Top 5
Security description Asset class Market Portfolio weight %
Commentary

Monthly Commentary – September 2021

  • Developed market equities (-4.2%) fell for the first time in eight monthsa likely peak in global growth, increasingly hawkish central banks, the imminent US debt ceiling and potential credit default by China’s largest property developer were too much for investors to shrug off when coupled with elevated valuations
  • US equities (-4.8%) fell precipitously, posting their first monthly loss of the yearthe US Congressional brinkmanship over key Biden spending bills weighed heavily on shares given the potential for a US debt default and government shut down
  • Emerging market equities (-4.0%) also fell, with Brazilian equities (-13.0%) faltering after the central bank raised the benchmark interest rate for the fifth time this year to combat near double-digit inflation—while investors in Chinese bourses (-5.0%) reflected expectations for slowing growth and a potential credit default by the country’s largest property developer, Evergrande
  • Developed market bond yields, including the US 10-year, rose on worries that rising global inflation may not be as transitory as first believed—while Chairman Powell continues to walk a fine monetary policy line, it is becoming increasingly probable the US Fed will begin its bond tapering program within the next two months and we continue to expect a lift-off in rates sometime in 2022
  • The US dollar advanced strongly against the other majors—with investors now more actively positioning for a moderation of the prevailing accommodative US monetary policy and the subsequent rise in interest rates
  • Precious metals platinum (-4.8%), silver (-10.5%) and gold (-3.3%) moved lower on US dollar strength—with palladium (-22.6%) falling on continued auto production problems
  • Industrial commodities including iron ore (-24.9%) and copper (-6.2%) fell on concerns of a slowdown in Chinese economic growth compounded by Chinese power supply constraintsoil (+7.6%), gas (+87.5%) and coal (+53.4%) rose sharply as alternative fuels capable of enabling Chinese power generation
  • The fund’s US S&P 500 market index hedges contributed the most to fund performance—while leading global copper miner Freeport-McMoran (-10.6%) and US-based gold streamer Wheaton Precious Metals (-16.6%) detracted the most from fund performance
Fees

Management Fee (Percentage of the applicable Net Asset Value per share)
Class B: 1.00% (Institutional investors)
Class R: 1.00% (Retail investors)
 

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.

Insights

21 Oct 2021

China - regulating for change

Recent Chinese regulatory initiatives across high-profile industries have spooked global investors.

Watch now

07 Oct 2021

Foord Turns 40

Foord opened its doors for business on 1 October 1981 in Market House, Greenmarket Square. Then known as Foord & Meintjes, founders Dave Foord and Liston Meintjes were joined by receptionist Loretta Macleod (retired…

Read more
newsletter subscription