Global Franchise Fund

Seeks consistency in an uncertain world
Seeks consistency in an uncertain world

Fund highlights

01

Invests in world-leading companies with strong franchises
Focuses on quality businesses with high customer loyalty, strong brands, low debt and are relatively more resilient in times of economic uncertainty.

02

Focuses on companies with stable growth
The Fund focuses on stocks which could deliver consistent returns throughout the cycle – frequently in the technology, consumer staples and healthcare sectors.

03

Seeks to deliver excellent consistent long-term performance
The Fund had a long-term track record of outperformance1; with meaningful participation in up markets and smaller drawdowns in down markets

 

Useful links

 

 

 

The right attributes that aim to withstand most economic conditions

The Fund has outperformed in periods especially falling markets, dampening drawdowns for investors. Equally, the Fund has historically kept up with rising equity markets resulting in attractive outperformance over the long term2.

Average rolling 12 month performance

Global Franchise Fund performance

What do we mean by Quality?

  • Hard-to-replicate competitive advantages
  • Dominant market positions in stable growing industries
  • Low sensitivity to the economic and market cycle
  • Healthy balance sheets and low capital intensity
  • Sustainable cash generation and effective capital allocation

As a result, the Fund avoids capital intensive, cyclical and/or leveraged companies. The portfolio of the Fund typically looks very different from the global MSCI ACW Index.

The Fund seeks to provide resilient returns by investing in quality companies with durable business models and strong franchises on a global basis.
Past performance should not be taken as a guide to the future and there is no guarantee that this investment will make profits; losses can be made. Performance of underlying securities does not represent the performance of the Fund.

1
Source: Morningstar, accumulative performance from 04.07.09 to 31.03.20, based on NAV to NAV (inclusive of all annual management fees but excluding any initial charges) of A Acc share class, gross income reinvested, in USD.

2Source: Morningstar, based on A Acc Share class as at 31.03.20, NAV to NAV, (inclusive of all annual management fees but excluding any initial charges), gross income reinvested, in USD. Calendar year performance – 2015:8.2%; 2016:-0.1%; 2017: 23.8%; 2018: -4.5%: 2019: 27.0%: YTD (31.03.20): -13.0%. Rolling 12 month periods since inception: 4 July 2009. Comparative index: MSCI AC World NR (MSCI World NR pre 01/10/2011). The comparative index may vary. As such the performances of the “composite” comparative index may consist of a combination of the old comparative index prior to the change and the current comparative index post the change.
Past performance figures shown are not indicative of future performance. Investors are reminded that investment involves risk. Investors should refer to the offering documents for details, including risk factors. This website has not been reviewed by the SFC. 

By clicking on the hyperlink of Investor relations below, you are leaving this website with information specific for retail investors in Hong Kong and entering the global website.

Please note that the global website is not intended to target Hong Kong investors. It has not been reviewed by the Hong Kong Securities and Futures Commission (“SFC”). The website may contain information on funds and other investments products that are not authorised by the SFC and therefore are not available to retail investors in Hong Kong. The website may also contain information on investment services / strategies that are purported to be carried out by a Ninety One group company outside of Hong Kong.

Any product documents and information contained in this website are for reference only and for those persons or entities in any jurisdictions or country where the information and use thereof is not contrary to local law or regulation.

Issuer: Ninety One Hong Kong Limited
Email: [email protected] 
Telephone: (852) 2861 6888 
Fax: (852) 2861 6861