Our proprietary approach to quality focuses on attractively valued companies with enduring competitive advantages, disciplined capital allocation and sustainable cash flows.
Seeks to invest in quality companies, many of whom are world-leaders in their fields. They typically have high customer loyalty, strong brands, low debt and are more resilient in times of economic uncertainty
A high conviction portfolio of 25 – 40 stocks1 which is highly differentiated versus the index2
Has a long-term track record of outperformance; with meaningful participation in up markets and smaller drawdowns in down markets3
We believe the Global Franchise Fund has the right attributes to withstand most economic conditions.
It has outperformed in falling markets, dampening drawdowns for investors. Equally, the Fund has historically kept up with rising equity markets resulting in attractive outperformance over the long term.
Figure 1: Average rolling 12 month performance
Calendar (and Index) year returns: 2020: 6.7% (6.7%);2019: 30.6% (28.9%); 2018: 1.3% (-4.8%); 2017: 9.7% (8.9%); 2016: 3.9% (11.1%).
Source: Ninety One, 31 January 2021. See important information for further information.
The Fund seeks to invest in quality franchise companies which have: