The Fund aims to provide an attractive level of growth by investing in companies which, we believe, are high quality and typically associated with being world leaders in their field.
We believe the Investec Global Franchise Fund has the right attributes to withstand most economic conditions.
Average rolling 12 month performance
Source: Investec Asset Management, 30.09.17. Performance is net of annual management fees and excludes any initial charges, in US$. Returns are calculated on a bid to bid basis of the A class with gross income reinvested in US$. Rolling 12 month periods since month end following inception: 30.04.07.
The Fund has delivered an excellent track record since inception*, outperforming its performance comparison index and peer group, with relatively lower levels of volatility.
|1 year||3 year p.a.||5 years p.a.||Since inception p.a.*|
|Investec GSF Global Franchise A Acc USD||12.4%||8.4%||9.1%||6.5%|
|MSCI AC World NR (MSCI World NR pre 01.10.11)**||18.6%||7.4%||10.2%||4.2%|
|Morningstar Global Large-Cap Blend Equity sector||
Calendar (and Index**) year returns: 2016: -0.1%(7.9%); 2015: 8.2%(-2.4%); 2014: 3.5%(4.2%); 2013: 15.3%(22.8%); 2012: 14.7%(16.1%).
Source: Morningstar, as at 30.09.17, NAV based, (inclusive of all annual management fees but excluding any initial charges), gross income reinvested, in US$, based on the A Acc share class. *Inception date 10.04.07, quartile ranking within Morningstar Global Large-Cap Blend Equity sector. Performance is based on the OEIC Investec Global Select Equity Fund (launched 10.04.07) which then merged into the Luxembourg-domiciled Global Franchise Fund on 04.07.09. Please note month-end performance data is used. Annualised performance is the average return per year over the period. Individual investor’s performance may vary depending on actual investment dates. Calendar year performance source: Morningstar, 5 years ending December 2016. Performance is net of fees (A Share class, NAV based, including ongoing charges, excluding initial charges), gross income reinvested, in USD. If the share class currency differs from the investor’s home currency, returns may increase or decrease as a result of currency fluctuations. **Index: MSCI AC World NR (MSCI World NR pre-1 Oct 2011).
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. If any currency differs from the investor's home currency, returns may increase or decrease as a result of currency fluctuations.
Investment objectives and performance targets may not necessarily be achieved, losses may be made.
Specific risksCurrency exchange: Changes in the relative values of different currencies may adversely affect the value of the Fund’s investments and any related income. Derivatives: The use of derivatives is not intended to increase the overall level of risk in the Fund. However, the use of derivatives may still lead to large changes in the value of the Fund and includes the potential for large financial loss. Third party operational: The Fund’s operations depend on third parties. Investors in the Fund may suffer disruption or financial loss in the event of third-party operational failure. Equity investment: The value of equities (e.g. shares) and equity-related investments may vary according to company profits and future prospects as well as more general market factors. In the event of a company default (e.g. bankruptcy), the owners of their equity rank last in terms of any financial payment from that company. Concentrated portfolio: The Fund invests in a relatively small number of individual holdings. This may mean the value of the Fund may fluctuate more widely than more broadly invested funds.
All information is as at 30.09.17 unless otherwise stated.
Fund ratings may be provided by independent rating agencies based on a range of investment criteria, and do not constitute investment advice by Investec Asset Management. For a full description of the ratings please see www.investecassetmanagement.com/ratings.
Indices are shown for illustrative purposes only, are unmanaged and do not take into account market conditions or the costs associated with investing. Further, the manager’s strategy may deploy investment techniques and instruments not used to generate Index performance. For this reason, the performance of the manager and the Indices are not directly comparable.
If applicable MSCI data is sourced from MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.