A global portfolio investing in world-leading, quality franchise companies.

We seek companies with durable business models which can provide resilient growth. We believe this approach can provide long term outperformance, with greater certainty in times of economic uncertainty.

“There are not many companies that can provide the durable, resilient growth potential we seek. Finding them requires extensive research. And once we find those stocks, we tend to make long term investments.”

Product information

  • Aims to provide long term capital growth
  • High conviction portfolio
  • Invests in US listed shares or ADRs of companies operating around the world
  • Focus on companies we believe to be high quality - typically those associated with global brands or franchises
  • Aims to invest in businesses which will perform through the cycle and during uncertain economic times when economic growth is scarce
  • Has historically provided long-term outperformance (gross and net of fees) when compared to the MSCI ACWI, with:
    • Meaningful participation in up markets
    • Smaller drawdowns in down markets
    • Lower than average volatility

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Global Franchise explained

The right attributes to withstand most economic conditions

We believe the Global Franchise ADR SMA has the right characteristics to withstand most economic conditions.

A representative strategy composite has outperformed in falling markets, dampening drawdowns for investors. Equally, it has historically kept up with rising equity markets resulting in attractive outperformance over the long term.

Representative strategy composite performance

Average rolling 12 month performance1

Representative strategy composite performance

Past performance is not a reliable indicator of future performance, losses may be made. Actual individual account results may differ.

Source: Ninety One as at June 30, 2021.
1 Based on a representative discretionary portfolio that we believe closely reflects current portfolio management style for the strategy. Clients' actual separate managed accounts may differ. Net performance (net of 0.75%, actual fees will vary) and gross performance (returns will be reduced by management fees and other expenses incurred), income is reinvested, in USD. Performance prior to 1 April 2020 is of the GIPS composite performance track record of the investment strategy. Returns include reinvestment of dividends in USD and capital gains. The performance series is not GIPS compliant.
*Composite inception date is 1 May 2007.
** Benchmark: MSCI AC World Index NDR (pre-Oct-11, MSCI World NDR). Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

Clyde Rossouw
Co-Head of Quality
The value of investments, and any income generated from them, can fall as well as rise. Where charges are taken from capital, this may constrain future growth. Past performance is not a reliable indicator of future results. Investment objectives and performance targets may not necessarily be achieved, losses may be made.

Ninety One North America, Inc. (“Ninety One”) acts as a model provider on a discretionary or non-discretionary basis in a variety of separately managed account programs (each, an “SMA Program”) sponsored either by a third-party investment adviser, broker-dealer or other financial services firm (a “Sponsor”). For its non-discretionary relationships Ninety One’s responsibility is limited to providing the Sponsor with recommendations in the form of a model portfolio, and the Sponsor may utilize such recommendations in connection with its management of SMA Program accounts.  When we provide discretionary advice, we have authority to make investment decisions in accordance with your stated investment goals and we must act in your best interest and not put our interest ahead of yours.  In all “model-based” SMA Programs (“Model-Based Programs”), it is the Sponsor, and not Ninety One, which has trade implementation responsibility for, the Model-Based Program accounts.