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This website contains advertising and is only for Qualified Investors as defined in Art.10 CISA (see T&Cs for definition). By entering the site you confirm that you fall under this definition.

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Ahead of the pack in European equities


Why Europe? Why now?

  1. Europe is home to many established global leaders
  2. A weaker euro should boost exports and help corporate earnings
  3. Lower oil prices should benefit European companies and consumers
  4. European shares are at historic lows vs. the US, leaving scope for improvement
  5. European equity valuations are at the middle of their historic levels.

Fund highlights

  • Invests in high quality European companies with attractive valuations.
  • High conviction risk-aware portfolio of up to 70 European stocks*
  • Employs our rigorous and consistent 4FactorTM bottom-up investment process
  • Provides an adaptable portfolio which is style, size and benchmark agnostic
  • 83% active share and 41% currently invested in small to medium size companies
  • Excellent track record of outperformance with a low beta
  • Portfolio Currency Hedged Share Classes available, which hedge all non-USD currency exposure into US dollar

Our track record in managing European equities


Past performance figures are not audited and should not be taken as a guide to the future, losses can be made. Source: Morningstar, dates to 31.12.15, NAV based, (inclusive of all annual management fees but excluding any initial charges), gross income reinvested, A Acc share class, in US dollar. Investec’s 4Factor Equities team started managing the Fund from 29.12.06, prior to this date the Fund was managed by a third party.

*Internal parameters subject to change without prior notice.

**The investment objective of the Fund was amended on 30.11.12 to include investment in the UK.  

***Comparative index change from MSCI Europe ex UK NR to MSCI Europe NR on 30.11.12.

Fund ratings may be provided by independent rating agencies based on a range of investment criteria. For a full description of the ratings please see www.investecassetmanagement/ratings. Ken Hsia is AAA rated by Citywire for his 3 year risk-adjusted performance for the period 31.12.12 – 31.12.15. The Morningstar rating shown is based on the A Acc share class, the primary share class.


Specific risks applicable to the Fund

Concentration: Investments may be primarily concentrated in specific areas (e.g. countries/geographical regions and/or industry sectors), in terms of investment style (e.g. income or growth), in individual holdings and/or in a number of other ways. This may mean the value of the Fund may decrease whilst more broadly invested funds might grow.

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.

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, the owners of their equity rank last in terms of any financial payment from that company.

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.

All information is as at 31.12.15 unless otherwise stated.

The value of this investment, and any income generated from it, will be affected by changes in interest rates, general market conditions and other political, social and economic developments, as well as by specific matters relating to the assets in which it invests. The Fund’s investment objective will not necessarily be achieved and investors are not certain to make profits; losses may be made. All the information contained in this communication is believed to be reliable but may be inaccurate or incomplete. Any opinions stated are honestly held but are not guaranteed and should not be relied upon. This is not a buy, sell or hold recommendation for any particular security. The portfolio may change significantly over a short period of time.

This communication is provided for general information only. It is not an invitation to make an investment nor does it constitute an offer for sale. The full documentation that should be considered before making an investment, including the Prospectus and Key Investor Information Documents, which set out the fund specific risks, is available from Investec Asset Management. The Fund is a sub-fund of the Investec Global Strategy Fund, which is a UCITS organised as a Société d’Investissement à Capital Variable under the law of Luxembourg. This communication should not be distributed to private customers who are resident in countries where the Fund is not registered for sale or in any other circumstances where its distribution is not authorised or is unlawful. Please visit to check registration by country. For further information on the Fund including application forms and a schedule of fees and commissions, please contact Investec Asset Management.

Fund prices and English language copies of the Prospectus, Report & Accounts and Articles of Incorporation and local language copies of the Key Investor Information Documents may be obtained from our website and free of charge from the following country specific contacts: Austria - Paying and Information Agent, Raiffeisen Bank International AG, Am Stadtpark 9,1030 Vienna, Austria; France - Correspondent Centralisateur, RBC Investor Services Bank France S.A.,105, rue Réaumur, 75002 Paris, France; Germany - Paying and Information agent, J.P. Morgan AG, Junghofstraße 14, 60311 Frankfurt am Main, Germany; Ireland - J.P. Morgan Administration Services (Ireland) Limited, JPMorgan House, International Financial Services Centre, Dublin 1, Ireland; Italy - Paying Agent, BNP Paribas Securities Services, Via Ansperto 5, 20123 Milan, Italy; Luxembourg - Investec Global Strategy Fund, 49 avenue J.F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg; Spain - Allfunds Bank S.A., c/Estafeta nº6 (La Moraleja), Complejo Plaza de la Fuente - Edificio 3, 28109, Alcobendas, Madrid, Spain; UK - Investec Fund Managers Limited, Woolgate Exchange, 25 Basinghall Street, London EC2V 5HA; Switzerland (all documentation available in German language) – Swiss Representative and Paying Agent, RBC Investor Services Bank S.A., Esch-sur-Alzette, Badenerstrasse 567, P.O. Box 1292, CH-8048 Zurich, Switzerland.