Quality team

International Franchise Strategy

Seeks durable, defensive, differentiated alpha from international equities

Strategy overview

Investment Approach
Purist quality philosophy with strong valuation discipline, consistently applied over the long term

Investment Opportunity
Durable, defensive, differentiated alpha from international quality equities

Investment Universe
Equities listed primarily ex US

Elias Erickson
Portfolio Manager
Clyde Rossouw
Head of Quality
Abrie Pretorius
Portfolio Manager

The role the strategy can play in portfolios

Provides resilient growth

Seeks to provide long-term outperformance with smaller drawdowns in down markets and lower volatility

Diversifies equity exposure

Concentrated, high conviction portfolio of quality international equities

Improves efficient frontier

Portfolio has been characterised by strong long-term Sharpe and Sortino ratios

Seeks to future proof the portfolio

Invests in companies with high R&D spend and provides exposure to key long-term themes

Investment Philosophy

01

The market undervalues the ability of quality companies with enduring competitive advantages, disciplined capital allocation and a focus on sustainability to deliver persistently high or improving cash flows and returns on invested capital

02

A company's business model, financial model and capital allocation should be aligned with the long-term interests of shareholders and other key stakeholders

03

An active quality approach, driven by proprietary fundamental analysis and engagement, is best placed to compound shareholder value over the long term, while reducing the risk of a permanent loss of capital

Performance

Why Ninety One for International Franchise Strategy

01

Differentiated franchise investment philosophy seeks to offer significant diversification benefits

02

Unique global platform. Experienced, aligned, well-resourced and globally integrated investment team

03

Disciplined process, driven by in-depth proprietary fundamental research

04

High conviction portfolio, with a focus on sustainability, risk and valuation

Strategy literature

Key facts

  • Asset Subclass

    Global Equity

  • Currency

    USD

  • Inception date

    01/01/2019

  • Team

    Quality team

  • Geographical Focus

    Global

  • ESG Classification

    Enhanced Integration

  • Comparative Benchmark

    MSCI AC World ex US NDR

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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.

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