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Global High Quality Fund
takes top honours in London
SPW’s Global Equity team walked away with top honours at the City of London Wealth Management Awards (COLMA) recently – the Global High Quality Fund was named the winner in the Best Fund category. Since the fund was launched in February 2014, it has returned an annualised US$ performance of 8.5% p.a. (at end-February 2017), outperforming the benchmark MSCI World Index by 3.3% p.a. In rand terms, the fund has returned 18.69% p.a. over the three years, compared to 6.1% p.a. returned by the JSE All Share Index over the same period.
The COLMA awards are highly valued, with investors themselves voting to determine the winners in each category. They recognise quality of service from the very best wealth management companies and individuals. ‘The Global High Quality Fund celebrated its third anniversary in February, and the fact that it has been given the nod by investors makes winning this top accolade extremely pleasing for us,’ says lead Fund Manager Pieter Fourie.
The Global High Quality Fund was established as part of SPW’s global equity offering, which also includes segregated mandates, to meet the increasing demand for global investments among SPW clients. ‘In order to address the increased needs for global diversification by our clients, we’ve built a top team in London,’ says CEO Daniël Kriel. ‘The hard work and dedication of Pieter and our Global Equity team have indeed paid off. They’ve done an exceptional job as demonstrated by the performance numbers, and our clients have been rewarded handsomely.’
The Global High Quality Fund currently has total assets under management in excess of £125 million/US$150 million, and was ranked number two globally over three years based on Financial Express data for its international equity peer group.
‘The fund aims to produce compound total returns in excess of the MCSI World Index over the medium to long term with less risk. It’s managed on an active, unconstrained, benchmark-agnostic and high-conviction basis while tactically using cash as a risk management tool,’ Pieter says.
SPW’s Global Equity team is also responsible for managing the total global equity offering on behalf of our clients, which now totals around US$611 million (R8 billion). The offering consists of direct equity models totalling US$379 million, and unit trusts totalling US$231 million.
‘Our Global Equity team will continue to build on the long-term success of the Global High Quality Fund and the investment strategies employed to deliver this success for the benefit of our clients,’ Daniël concludes.
We provide daily reporting of trades, monthly portfolio evaluations and annual tax reports to clients.
Riaan Gerber has spent 13 years in Investment Management.
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