The Investec Global Quality Equity Income Fund provides a differentiated approach to income investing. A long-term approach which has been proven since it was launched in 2007.
The Fund has an excellent track record and has achieved very attractive risk-return characteristics over the long-term.
Risk vs. return since March 2007, in USD
Source: Investec Asset Management, 30.09.17.
The Fund has a proven track record of outperformance in falling markets, dampening drawdowns for investors. Equally, the Fund has historically kept up with rising equity markets, resulting in attractive long-term outperformance.
Average rolling 12 month performance, in USD†
Past performance should not be taken as a guide to the future, losses may be made. Data is not audited. 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 inception: 30.03.07. Data is run monthly and is based on a pooled vehicle within the strategy. This data is not available at the composite level.
Avoiding capital intensive sectors such as utilities and natural resources, we focus on capital light Quality companies that can pay a growing and sustainable dividend to investors.
Dividend received from US$100, invested in 1984
Source: Investec Asset Management, FactSet, 31.12.16
†Performance is based on the Guernsey B Global Opportunity Equity Fund that was launched on 30.03.07 and then merged on 03.12.10 into the newly launched GSF Global Opportunity Equity Fund in order to make the strategy more accessible to a broader range of investors. On 16.07.15 the Fund changed its name to Global Quality Equity Income Fund and its investment objective was clarified to reflect its above average income profile as well as long-term capital focus. Performance is based on the primary share class of the fund and would be lower on share classes with higher applicable charges.
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.
The yield reflects the amount that may be distributed over the next 12 months as a percentage of the Fund’s net asset value per share, as at the date shown, based on a snapshot of the portfolio on that day. The yield number in brackets, it is calculated in the same way, however, as the charges of the share class are deducted from capital rather than income, it shows the level of yield had these charges been deducted from income. Yields do not include any preliminary charge and investors may be subject to tax on their distributions. The effect of taking expenses from capital is to increase income whilst reducing capital to an equivalent extent and may constrain future capital and income growth
All information is as at 30.09.17 unless otherwise stated.
The Fund’s investment objectives and performance targets will not necessarily be achieved and there is no guarantee that these investments will make profits; losses may be made.
Fund specific risks:
Currency 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.
Developing market: Some of the countries in which the Fund invests may have less developed legal, political, economic and/or other systems. These markets carry a higher risk of financial loss than those in countries generally regarded as being more developed.
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.
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.