Global Franchise Fund

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

Fund highlights


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.


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.


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


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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

What do we mean by Quality?

  • Hard-to-replicate enduring 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 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.

Source: Morningstar, cumulative performance from 04.07.09 to 31.12.20, 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 31.12.20, NAV to NAV, (inclusive of all annual management fees), gross income reinvested, in USD. 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 shown are not indicative of future performance. Investors are reminded that investment involves risk. Investors should read the prospectus and product highlights sheets of the funds which are available from or any of the appointed distributors before making any investment decision. Please contact your financial advisor if you are in doubt of any information contained in this website. The value of the shares in the fund and the income accruing to the units, if any, may fall or rise.

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