Quality Growth Boutique Global Equities

Vontobel Fund - Global Equity

ISIN
LU1550202458
Valor
35324119

Fund strategy

Investment objective

This equity fund aims to provide strong returns over a market cycle with considerably less business risk than the global equity markets.


Key features

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.


Approach

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.

147.25
NAV
5.43%
Performance YTD
As at Aug 06 2020

Why invest?

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.

Key Features

  • Clearly defined bottom-up approach that aims to identify the best investment opportunities around the world
  • Designed to participate in rising markets and protect capital during declining markets
  • Long-term track record with lower risk than the market

“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.”

Matthew Benkendorf, Chief Investment Officer Quality Growth Boutique

Investment process

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.

infograph-product-global-equity-process_en

Investment opportunity

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.

Investment team

  • 30 investment professionals averaging 18 years industry experience; includes 3 investigative analysts that help quantify risk
  • Managing the Vontobel Fund – Global Equity for 26 years
  • Research analysts with diverse backgrounds and on-the-ground coverage

All data is as at Jun 30 2020 unless otherwise indicated.

Daily Performance

Periodic Performance

1M YTD 3Y SI
HN (hedged) EUR 2.5% -3.4% 6.0% 34.9%
Index 3.2% -6.3% 6.1% 29.7%

Rolling Performance

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%
Index NA NA 10.7% 5.7% 2.1%

Annual Performance

Risk Data

Portfolio
Volatility 14.7%
Sharpe ratio 0.4
Information ratio negative
Tracking error 4.6%
Jensens alpha 0.7%
Beta 0.8
[3 years annualized]
Past performance is not a reliable indicator of current or future performance. Performance data does not take into account any commissions and costs charged when shares of the fund are issued and redeemed, if applicable. The return of the fund may go down as well as up due to changes in rates of exchange between currencies. The value of the money invested in the fund can increase or decrease and there is no guarantee that all or part of your invested capital can be redeemed.

All data is as at Aug 06 2020 unless otherwise indicated.

Fund data
Portfolio Manager Matthew Benkendorf
Fund Domicile Luxembourg
Fund Currency USD
Share Class Currency EUR
End of fiscal year 31 August
Index MSCI All Country World TR net
Share Class Launch date Jan 31 2017
Distribution type Accum
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
Nav Information
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
Fees And Expenses
Management fee 0.83%
TER 1.22% (Feb 28 2020)
Identifiers
ISIN LU1550202458
Valor 35324119
Bloomberg VONGHNE LX
WKN A2DK1S
Parties
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

Available Share Classes

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
Click here to see an overview of our shareclass naming convention.

* TER includes performance fee where applicable

All data is as at Jun 30 2020 unless otherwise indicated.

Country Weighting

Major Sectors

Major equity positions

Stock Allocation
Microsoft Corp Shs 5.3%
Amazon Com Shs 4.5%
SAP 3.9%
Mastercard Inc 3.7%
Nestle 3.5%
Visa -A- 3.5%
Tencent Holdings Ltd 3.3%
Alibaba Group Holding Ltd ADR 2.9%
Alimentation Couche -B- 2.9%
Alphabet Inc 2.9%
Document Date DE EN ES FR IT
Factsheets & Commentaries
Factsheet Jul 2020
Monthly Commentary Jun 2020
Quarterly Commentary Jun 2020
Brochures
Product Flyer Oct 2019
KIIDs
KIID Jun 2020
Legal Documents
Articles of Association Apr 2016
Notification to Investors Jan 2020
Sales Prospectus Dec 2019
Financial Reports
Annual Report Aug 2019
Dividend Payout Jan 2019
Semi-Annual Report Feb 2020
Dealing Information
Holiday Calendar 2020 Jan 2020
List of Active Retail Share Classes Dec 2018
Policies
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

Morningstar rating: © 2020 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.