Ninety One Global Equity I

Worldwide equity fund aiming for long term growth from a focused portfolio

  • 2960.35p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 1.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.87%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 01 March 2021

Fund summary

Sector Global
Structure OEIC
Launched March, 2001
Size £135m
Yield 1.00%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 1.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.87%

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Investment process

The Fund aims to achieve long term capital growth primarily through investment in a focused portfolio of companies established in the larger, more liquid equity markets of the USA, Continental Europe, UK and Japan. The Fund will not be dominated by a specific investment style.

Manager research

Average monthly relative returns

  • 16/17 -0.08%
  • 17/18 -0.04%
  • 18/19 -0.31%
  • 19/20 -0.07%
  • 20/21 0.20%

Bestinvest MRI

  • 3 years -0.06%
  • 5 years -0.06%
  • Career -0.05%
  • 3 years 52.80%
  • 5 years 53.20%
  • Career 68.10%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Global 4 Factor Team

James Hand is responsible for the Four Factor equity investment process. His portfolio management responsibilities cover certain Institutional UK and European equity mandates. In his time at Investec,hees has helped to managed Investecs UK large cap portfolios and analysed UK Financial stocks. He has also worked on the Global core team, where he managed the Investec Global Technology Fund and analysed the Global Technology and Telecoms sector. Prior to joining Investec, he spent three years at Schroders, where he specialised in small cap technology stocks and was seconded to the US for nine-months. He was also responsible for a number of small cap portfolios. Hand graduated from Cambridge University with a 1st class degree in Economics. Mark Breedon joined Investec from Alliance Capital Management, where he first became involved with emerging markets. He moved to Alliance Capital in 1986, where he started and then managed the Worldwide Privatisation Fund and also managed the NYSE listed Southern Africa Fund, Spain Fund and Austria Fund. Prior to ACM, Mark managed developed market equity accounts for Brinson Partners, after an initial three years as head of European equity research at Vickers da Costa. He graduated with a BA Hons. in Economics from Coventry University.

Track record

Global 4 Factor Team has 15.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.05%. During the worst period of relative performance (from October 2007 - February 2020) there was a decline of 21% relative to the index. The worst absolute loss has been 35%.

Periods of worst performance

Absolute -35.00% (October 2007 - February 2009)
Relative -21.00% (October 2007 - February 2020)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

4.9% Microsoft Corp
4.2% Amazon.com Inc
3.8% Apple Inc
3.6% Alphabet Inc
3.2% Alibaba Group Hldg Ltd
2.5% Samsung Electronics Co
2.3% Taiwan Semiconductor Co
2.2% Tencent Hldgs Ltd
2% Facebook Inc
2% Mastercard Inc
Source: Trustnet

Sector breakdown

Information Technology 22.00%
Health Care 14.00%
Financials 12.00%
Communications 12.00%
Consumer Discretionary 11.00%
Industrials 9.00%
Consumer Staples 8.00%
Materials 4.00%
Energy 2.00%
Money Market 2.00%

Key Investor Information

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