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.
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
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.