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Ninety One Global Franchise I

Bestinvest LogoWorldwide equity fund favouring "quality" companies, often with strong brands.

PRICE (INC)

347.78p

PRICE (ACC)

347.78p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

0.84%

YIELD

0.2%

1 YEAR
0.76%

Prices as at 16 Aug 2022.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

Launched on 1 October 2012, this fund targets long term capital growth from a concentrated portfolio of global equities. The manager favours "high quality" stocks able to produce sustainably high returns, often through barriers to entry such as strong brands or patents. Typically these are larger companies based in developed countries, often in the consumer staples sector.

Fund summary

SectorGlobal
StructureOEIC
LaunchedOctober 2012
Size£152m
Yield0.2%
Charging BasisIncome
Dividends paidAcc units only

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.75%
Ongoing Charges Figure0.84%

Investment Process

The fund is run by a six-strong team based in Cape Town and London who look to create low volatility returns from equity markets – typically this draws them to companies with global brands or franchises. The investment process is in three stages: - Idea generation. Starting from a universe of around 6,000 companies worldwide, the managers undertake primarily quantitative screening, looking for high returns on capital, high and sustainable margins, low leverage, low capital intensity and sustainable, above average growth. - Fundamental analysis. The resulting 250 companies are subjected to qualitative research, looking at industry background (favouring stable industries with high barriers to entry), durability of competitive advantage, financial strength (strong free cash flow is important), valuation (focusing primarily on free cash flow yield), management (how they allocate capital and how they are incentivised). - Portfolio construction. Stock weightings are based on growth, yield and quality.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning