fund
Sarasin IE EquiSar Global Thematic P GBP
Thematic international fund.
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4297.90p
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.
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5674.00p
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?
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5.00% 0.00%
Initial chargeSome 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!
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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).
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1.02%
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.
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2.00%
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…
The thematic investment approach means that this trust is quite different to other "conventional" funds in the Global sector. The policy has been satisfactory, in that the 5-year return is top-quartile, although much of the outperformance occured in 1999 due to overweight technology exposure.
Fund summary
| Sector | |
| Structure | OFFSHORE FUND |
| Launched | October, 2012 |
| Size | £73m |
| Yield | 2.00% |
| Charging basis | |
| Dividends paid | 28 Feb, 31 Aug |
Charges
| Standard initial charge | 5.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 1.02% |
Allocation
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Investment process
Sarasin have managed this fund since 1994, with an adoption of a thematic investment approach from 1997. Stock selection is driven by investment themes - the Sarasin team maintains a buy list of around 100 stocks. Companies chosen are typically large, blue chips with market capitalisation above US$5 billion. Qualities sought within companies are good Return on Capital/Equity, management incentive plans, transparent accounting standards (preferably GAAP) and a willingness to prune domestic labour or subsidiary, non-core businesses.
Manager research
Average monthly relative returns
- 15/16 0.00%
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career -1.24%
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Guy Monson
Monson joined Sarasin in London in 1984 after receiving an MA in Economics from Oxford University. In 1988 he became manager of Sarasin’s flagship GlobalSar Family of balanced investment funds. In the UK he pioneered the use of thematic investment in the management of global equity portfolios, resulting in the successful launch of the EquiSar family of funds in 1996. In 1997 he became CIO for the Bank Sarasin Group, a partner of Bank Sarasin in 2001 and also joined the Bank's Board of Administration.
Track record
The track record of Guy Monson in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.
Periods of worst performance
| Absolute | -22.00% (July 2001 - September 2001) |
| Relative | -8.00% (July 2001 - November 2001) |
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.
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Portfolio
The portfolio holds 70-80 holdings and the maximum weighting in each is 5%.