Sarasin IE EquiSar Global Thematic P GBP

Thematic international fund.

  • 4464.20p Price (Inc)
  • 5805.00p Price (Acc)
  • 5.00% 0.00%

    Initial charge
  • 0.75% Annual management charge
  • 1.02% Ongoing charges
  • 1.80% Yield

Fund data last updated 20 November 2019

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 £69m
Yield 1.80%
Charging basis
Dividends paid 28 Feb, 31 Aug

Charges

Initial charge 5.00%
Initial charge via Bestinvest 5.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.02%

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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

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 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%.

Key Investor Information - Income

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Key Investor Information - Accumulation

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