Chief Investment Officer Quality Growth Boutique, Portfolio Manager
This equity fund aims to provide strong returns over a market cycle with considerably less business risk than the global equity markets.
The fund invests across both developed and emerging markets. It aims to invest in a concentrated portfolio of stocks of high-quality growth companies at sensible prices. The selected companies should exhibit relatively stable and predictable earnings growth that can be sustained for extended periods.
The highly experienced and stable investment specialist team adheres to a clearly defined, bottom-up approach that focuses on in-depth company research. The team manages the portfolio actively with the aim to participate in rising markets and protect capital during declining markets.
Our Global Equity Fund is an actively managed, concentrated portfolio covering both developed and emerging markets. Our approach is based on returns being driven by a long-term investment in companies with relatively stable and predictable earnings growth that can be sustained for extended periods of time. The strategy draws on the expertise of our boutique’s exclusive 30 strong investment team. ESG is integral to our approach given our focus on relatively stable and predictable ‘quality’ earnings growth combined with long-term holding periods. While the strategy is benchmark agnostic, performance is shown relative to the MSCI All Country World Index.
“We remain sharply focused on solid businesses that are not dependent on a strong economy and we steer clear of highly-cyclical, heavily-indebted companies. This requires unrelenting discipline and a defensive posture, both when it looks like the sky is the limit and when the bottom is dropping out.”
Many asset managers follow a high quality growth style, but what sets the Vontobel Quality Growth Boutique apart? We have spent decades building our team and distinct investment approach. Director of Research Igor Krutov discusses the philosophy and mechanics behind our process.
Investing beyond your borders can help result in attractive performance in the longer run. Here are two reasons why:
The globalization of company revenues
Global companies aren’t bound by geography – not in where they are headquartered, nor in where they derive their income – and reflect an opportunity set for investors that is meaningfully distributed across major regions.
The shifting of regional and country performance
It is impossible to predict which regions or countries will outperform in any given year. Global diversification provides investors exposure through the long-term ups and downs of different markets. In fact, over the past 15 years, no single region consistently claimed top performance, as bull markets have historically alternated among geographies.
All data is as at Jun 30 2020 unless otherwise indicated.
|HN (hedged) EUR||2.5%||-3.4%||6.0%||34.9%|
|Jul 01 2015 - Jun 30 2016||Jul 01 2016 - Jun 30 2017||Jul 01 2017 - Jun 30 2018||Jul 01 2018 - Jun 30 2019||Jul 01 2019 - Jun 30 2020|
|HN (hedged) EUR||NA||NA||8.1%||6.4%||3.5%|
|[3 years annualized]|
All data is as at Aug 06 2020 unless otherwise indicated.
|Portfolio Manager||Matthew Benkendorf|
|Share Class Currency||EUR|
|End of fiscal year||31 August|
|Index||MSCI All Country World TR net|
|Share Class Launch date||Jan 31 2017|
|Fund Registrations||AT, CH, DE, ES, FI, FR, GB, IT, LI, LU, NL, NO, PT, SE, SG|
|Share Class Registrations||AT, CH, DE, ES, FR, LU, SG|
|Highest since launch||145.65|
|Lowest since launch||99.58|
|Fund volume in mln.||USD 3,720.46|
|Share class volume in mln.||EUR 5.38|
|TER||1.22% (Feb 28 2020)|
|Depository||RBC Investor Services Bank S.A.|
|Management Company||Vontobel Asset Management S.A.|
|Swiss Paying Agent||Bank Vontobel AG|
|Swiss Representative||Vontobel Fonds Services AG|
|Share class||Currency||ISIN||Distrib.||Type||Launch date||Management fee||TER||TER Date|
|A||USD||LU0218910023||Dist||Retail||Jul 01 2005||1.65%||1.99%||Feb 28 2020|
|AI||EUR||LU1121575069||Dist||Institutional||Oct 24 2014||0.83%||0.98%||Feb 28 2020|
|AN||USD||LU1683485921||Dist||Retail||Oct 10 2017||0.83%||1.16%||Feb 28 2020|
|B||SEK||LU0979498168||Accum||Retail||Oct 15 2013||1.65%||1.99%||Feb 28 2020|
|B||USD||LU0218910536||Accum||Retail||Jul 01 2005||1.65%||1.99%||Feb 28 2020|
|C||USD||LU0218910965||Accum||Retail||Jul 16 2007||2.25%||2.59%||Feb 28 2020|
|G||USD||LU1489322047||Accum||Institutional||Sep 21 2016||0.65%||0.76%||Feb 28 2020|
|H (hedged)||SEK||LU0971939599||Accum||Retail||Sep 24 2013||1.65%||2.05%||Feb 28 2020|
|H (hedged)||EUR||LU0218911690||Accum||Retail||Nov 02 2007||1.65%||2.05%||Feb 28 2020|
|HC (hedged)||EUR||LU0333249364||Accum||Retail||Apr 15 2008||2.25%||2.65%||Feb 28 2020|
|HI (hedged)||EUR||LU0368555768||Accum||Institutional||Jun 10 2008||0.83%||1.04%||Feb 28 2020|
|HN (hedged)||EUR||LU1550202458||Accum||Retail||Jan 31 2017||0.83%||1.22%||Feb 28 2020|
|HS (hedged)||CHF||LU2090086880||Accum||Institutional||Jan 07 2020||0.00%||0.26%||Feb 28 2020|
|I||GBP||LU0824095136||Accum||Institutional||Nov 14 2012||0.83%||0.98%||Feb 28 2020|
|I||USD||LU0278093595||Accum||Institutional||Jun 19 2008||0.83%||0.98%||Feb 28 2020|
|N||USD||LU0858753451||Accum||Retail||Dec 03 2012||0.83%||1.16%||Feb 28 2020|
|S||USD||LU0571091494||Accum||Institutional||Jul 02 2012||0.00%||0.20%||Feb 28 2020|
* TER includes performance fee where applicable
All data is as at Jun 30 2020 unless otherwise indicated.
|Microsoft Corp Shs||5.3%|
|Amazon Com Shs||4.5%|
|Tencent Holdings Ltd||3.3%|
|Alibaba Group Holding Ltd ADR||2.9%|
|Alimentation Couche -B-||2.9%|
|Factsheets & Commentaries|
|Monthly Commentary||Jun 2020|
|Quarterly Commentary||Jun 2020|
|Product Flyer||Oct 2019|
|Articles of Association||Apr 2016|
|Notification to Investors||Jan 2020|
|Sales Prospectus||Dec 2019|
|Annual Report||Aug 2019|
|Dividend Payout||Jan 2019|
|Semi-Annual Report||Feb 2020|
|Holiday Calendar 2020||Jan 2020|
|List of Active Retail Share Classes||Dec 2018|
|Sanctioned Countries||Sep 2016|
|Shareclass Naming Convention||Nov 2019|
Limited participation in the potential of single securities
Success of single security analysis and active management cannot be guaranteed
It cannot be guaranteed that the investor will recover the capital invested
Derivatives entail risks relating to liquidity, leverage and credit fluctuations, illiquidity and volatility
Price fluctuations of investments due to market, industry and issuer linked changes are possible
Investment universe may involve investments in countries where the local stock exchanges may not yet qualify as recognised stock exchanges
This investment style may lead to more heavily concentrated positions in individual companies or sectors
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