Global Equity

Description:

The Global Equity Fund is an actively managed equity portfolio which holds c.80-100 global stocks. The portfolio is managed in accordance with the Setanta investment philosophy. That is, the managers seek to own good businesses for the long-term at prices below what they think they’re worth, carefully considering each investment’s risk profile.

The fund is managed by a team of eight global sector specialists, overseen by two lead portfolio managers. The aim is to achieve a sensible level of diversification on a sector and geographic basis. Reflecting this, portfolio sector weights are generally set so as broadly similar to the sector weights in the benchmark. Within each sector, stocks are chosen through bottom-up analysis, based on investment merit. Rather than focusing on the historic level of volatility of an asset, the portfolio managers regard the probability of permanent impairment of capital as the most relevant measure of risk. In doing so, they seek to maximise downside protection by understanding the risks posed by the valuation, financial, and operational characteristics of the asset.

The Fund’s active share, a measure of overlap versus the benchmark, is typically around 90%, a level that is generally considered highly differentiated.

 

Investment Objective:

The investment objective of the Fund is to outperform the MSCI World index over the long term.

Key Information & Disclosures(s)

The Global Equity Fund is managed by Setanta Asset Management Limited and is a representative account of the Global Equity strategy. The strategy is also available on a segregated basis or a UCITS mutual fund via Beresford Funds ICAV. Learn more

For this life assurance product, investors should refer to the relevant policy conditions. The strategy is also available on a segregated basis to institutional investors.

The EU Sustainable Finance Disclosure Regulation (“SFDR”) requires a determination, on a product-by-product basis, whether sustainability risks are relevant to financial products. For the purposes of SFDR, “sustainability risk” means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of an investment.

While sustainability risks might (from an economic perspective) have a material negative effect on the returns of the Global Equity Strategy, we have determined that sustainability risks are not relevant to the Strategy. The Strategy does not expressly promote or have a core objective concerning sustainability matters as set out in SFDR, or expressly oblige Setanta to integrate sustainability risks into its investment decision making and/or assess the likely impacts of sustainability risks on the returns of the Strategy.

Setanta will keep its assessment that sustainability risks are not relevant to the Strategy under regular review. Setanta has implemented a policy in respect of the integration of sustainability risks in its investment decision making process on a firm-wide basis. This policy is available here.

WARNING: Past performance is not a reliable indicator of future results. The price of units and the income from them may go down as well as up and investors may not get back the amount invested. The return may increase or decrease as a result of currency fluctuations. Forecasts are not a reliable indicator of future performance.