Value team

Global Value Equity Strategy

A high conviction portfolio with persistent value bias

Strategy overview

Investment Approach
Pragmatic - the 'value' opportunity set changes over time, we move with it

Investment Opportunity
Mispriced assets with sustainable earnings recovery potential

Investment Universe
Liquid global equity

Target Return
Outperform the performance comparison index (net of fees) over a full market cycle

Alessandro Dicorrado
Portfolio Manager

The role the strategy can play in portfolios

Exposure to value stocks

Provides exposure to high conviction, mispriced stocks with potential to maximise long-term capital growth

Diversification

Investment process aims to provide exposure that is distinct from the index

Long-term horizon

Average holding period of 3-5 years

Manage ESG risk

ESG integrated throughout the investment process to help mitigate ESG risk

Investment Philosophy

01

The best investments are made when buying a growing stream of cashflows at a cheap price. The focus on cheapness keeps our style signature consistently 'value'

02

Investors should look for significant mispricing compared to conservatively assessed intrinsic value. We do not solely rely on re-rating to build our investment case

03

The reasons for cheapness differ over time, and so does its location. Pragmatism and nimbleness are important

04

If our research is correct, ultimately the market will recognise the value of our investments because the fundamentals will 'force' it to do so

Key facts

  • Asset Subclass

    Global Equity

  • Currency

    GBP

  • Inception date

    01/01/2008

  • Team

    Value team

  • Geographical Focus

    Global

  • ESG Classification

    ESG Integration

  • Comparative Benchmark

    MSCI AC World NDR (pre Oct-11, MSCI World NDR)

Portfolio & Holdings

Date as of 31/01/2025
Index
Strategy
United States
66.4
United Kingdom
3.2
Europe ex UK
10.8
Emerging Markets
9.7
Far East ex Japan
2.3
Japan
4.7
Other
2.9
Cash and Bonds
Based on a related portfolio within the strategy with substantially similar objectives as those of the services being offered. The portfolio may change significantly over a short space of time. This is not a buy, sell or hold recommendation for any particular security. For further information on Indices and Specific Portfolio Names, please reference the sections in https://ninetyone.com/-/media/documents/miscellaneous/91-further-information-en.pdf.

Why Ninety One for Global Value Equity Strategy

01

Managed by a focused, experienced value team, who are relentless investigators

02

Underpinned by an authentic value approach

03

Our investment culture strikes a careful balance between extremes: conviction and humility, optimism and caution, urgency and patience and process and creativity

Strategy Literature

Contact our client service teams.

Get in touch

Risks

Concentrated portfolio

The portfolio invests in a relatively small number of individual holdings. This may mean wider fluctuations in value than more broadly invested portfolios.

Currency Exchange

Changes in the relative values of different currencies may adversely affect the value of investments and any related income.

Emerging Market (inc. China)

These markets carry a higher risk of financial loss than more developed markets as they may have less developed legal, political, economic or other systems.

Equity Investment

The value of equities (e.g. shares) and equity-related investments may vary according to company profits and future prospects as well as more general market factors. In the event of a company default (e.g. insolvency), the owners of their equity rank last in terms of any financial payment from that company.

Foreign Investment

Investing in foreign securities may be subject to risks pertaining to overseas jurisdictions and markets, including (but not limited to) local liquidity, macroeconomic, political, tax, settlement risks and currency fluctuations.

The content of this website is made available for informational purposes only and should not be construed as an offer, marketing, solicitation or investment advice with respect to any investment products or services. The website has not been reviewed or approved by any regulatory authority and may contain information with respect to investments products that may not be registered in some jurisdictions.

Although we believe any information obtained from external sources to be reliable, we have not independently verified it, and we cannot guarantee its accuracy or completeness (ESG-related data is still at an early stage with considerable variation in estimates and disclosure across companies. Double counting is inherent in all aggregate carbon data).

Any decision to invest in the Strategy described should be made after reviewing the offering document and conducting such investigation as an investor deems necessary and consulting its own legal, accounting and tax advisors in order to make an independent determination of suitability and consequences of such an investment. This material does not purport to be a complete summary of all the risks associated with this Strategy. A description of risks associated with the Strategy can be found in the relevant offering or other disclosure documents where applicable. Copies of such documents are available upon request.

Additional information on our investment strategies not found here (ninetyone.com/-/media/documents/miscellaneous/91-further-information-en.pdf) may be provided on request.

For more information on our Ninety One ESG Classification, please click here

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