Sanlam Private Wealth’s Global High Quality UCITS Fund (GHQ) is celebrating its third anniversary, having recently exceeded £125 million in assets under management (AUM). The fund, managed by Pieter Fourie and supported by team of eight investment professionals, has beaten both the broader MSCI World Index and FTSE All-Share Index since its inception. The fund invests in global equities with a high quality bias, and operates on a long/cash basis, allowing the manager to de-risk the portfolio by moving between equities and cash (maximum 22 percent) during times of uncertainty. It typically invests in companies with high returns on capital, low leverage, enduring businesses with a sustainable competitive advantage that produce significant free cash flow after capital expenditure. In terms of stock selection, the firm said, Unilever, Diageo, Johnson and Johnson and Microsoft all significantly aided positive performance. The allocation to emerging market listed companies is limited to no more than 30 percent of the assets. The investment process is unconstrained, and the fund’s emphasis is on companies with predictable revenue growth that produce sustainable economic value over the long-term. It is high conviction and benchmark agnostic, with sector and regional positioning driven by bottom-up stock selection.
Global investment manager, Orbis Investments, is extending the UK distribution of two of its flagship strategies to include retail intermediaries. Both of its OEIC Global Equity and Global Balanced funds are now available through a number of platforms including Transact, Canada Life International, Old Mutual International and AJ Bell Investcentre and the firm is actively looking for further platform opportunities. The inclusion of the funds onto leading platforms is part of the company’s wider strategy to launch into the intermediary market and increase the availability of its funds. The funds offered by Orbis are managed using their fundamental, long-term and contrarian investment philosophy—anchored in the belief that superior performance demands a truly differentiated approach. They have a unique fee structure in which fees are only paid when Orbis outperforms, and refunds are paid when it underperforms. Both flagship strategies have outperformed their respective benchmarks and peer groups, delivering first quartile performance over one and three years.
UBS Asset Management's UBS (IE) ETF CMCI Composite SF UCITS ETF has surpassed $1 billion in AUM driven by a rise in net new money of $224 million year-to-date (YTD). The ETF delivered a 16 percent return in 2016. Global indicators point to a rising inflationary environment and with commodities viewed as a natural hedge against this, inflows into the asset class have gained momentum with renewed interest in commodities over the last six months. The UBS (IE) ETF CMCI Composite SF UCITS ETF is an enhanced beta broad commodities ETF. It seeks to replicate the returns of the UBS Bloomberg CMCI Composite TR index, a unique benchmark which provides efficient exposure to a basket of more than 25 commodities. It offers both sector (energy, precious metals, industrial metals, agriculture, livestock) and maturity diversification (five different maturity contracts from three months to three years) and does so using a unique constant maturity rolling process which ultimately helps to mitigate the effects of negative roll yield. The weightings of the index are designed to reflect the economic significance and market liquidity of each commodity. According to UBS, the index has consistently outperformed other broad commodity indices and has a proven live track record of more than 10 years. The ETF is available in both USD and currency-hedged shares classes (EUR, CHF and GBP).
Source has launched Europe's first ETF entirely dedicated to fintech. The Source KBW NASDAQ Fintech Ucits ETF tracks the KBW NASDAQ Financial Technology Index, which provides exposure to US-listed companies that use technology to deliver financial products and services, such as payments, financial data, exchanges, internet banks, speciality lenders and software. The index currently comprises 50 companies, weighted equally, and is reviewed annually and rebalanced quarterly. The companies have market caps ranging from under $1 billion to over $150 billion.The fund has an annual management fee of 0.49 percent.