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 and is now available as an OEIC for UK investors.
Since launch in March 2007, the Luxembourg-domiciled Investec GSF Global Quality Equity Income Fund has delivered excellent, top-decile, long-term growth and first percentile risk-adjusted returns.
Risk vs. return since March 2007, in GBP
Source: Morningstar, 30.09.18. **Comparative index change from MSCI World NR to MSCI AC World NR on 01.10.11. Quartile ranking within Morningstar GIFS OE Global Equity-Income sector.
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 GBP
Calendar (and Index**) year returns: 2017: 17.6% (24.0%); 2016: 1.9% (7.9%); 2015: 8.0% (-2.4%); 2014: 3.8% (4.2%); 2013: 15.1% (22.8%).
Source: Morningstar, 30.09.18. Performance is net of annual management fees and excludes any initial charges, in GBP. Cumulative returns are calculated on a bid to bid basis of the A Inc class with gross income reinvested in USD. Average rolling performance is calculated on rolling 12 month periods since inception: 30.03.07. Calendar year performance source: Morningstar, 5 years ending December 2017. Performance is net of fees (A Inc share class, NAV based, including ongoing charges, excluding initial charges), gross income reinvested, in USD. **Comparative index changed from MSCI World NR to MSCI AC World on 01.10.11
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 — superior dividend growth leads to far higher long-term realised yields
No representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.
Source: Investec Asset Management, FactSet, 31.12.17. This is not a recommendation to buy, sell or hold a particular security. The specific companies discussed herein are included to demonstrate the overall effect of compounding at the stock level, we compared a typical high quality health care company, with a fairly typical high growth cyclical mining company, and a fairly typical bond proxy utility company. The returns from different companies within these sectors will be different, with some better and some worse performers, but we think that these examples illustrate the point we are trying to make.
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.
Currency exchange: Changes in the relative values of different currencies may adversely affectthe value of investments and any related income. Developing market: Some countries may have less developed legal,political, economic and/or other systems. These markets carry a higher risk of financial loss than those in countriesgenerally regarded as being more developed. Equity investment: The value of equities (e.g. shares) and equity-relatedinvestments may vary according to company profits and future prospects as well as more general market factors. In theevent of a company default (e.g. bankruptcy), the owners of their equity rank last in terms of any financial payment fromthat company. Concentrated portfolio: The portfolio invests in a relatively small number of individual holdings. This maymean wider fluctuations in value than more broadly invested portfolios.
All information is as at 30.09.18 unless otherwise stated.
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.
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.