Sanlam Private Wealth’s (SPW) Global High Quality Fund (GHQ) has reached GBP100 million assets under management, with its returns beating both the FTSE All-Share Index and the broader MSCI World Index over the course of the year and since inception.
The Global High Quality fund is an actively managed portfolio of global equities with a high quality bias. It typically invests in companies with high returns on capital, low leverage, enduring businesses with a sustainable competitive advantage that produce significant free cash flow after capital expenditure.
Stryker, Samsung, Johnson and Johnson and NetEase all significantly aided positive performance this year.
The allocation to emerging market listed companies is limited to no more than 30 per cent of the assets. The investment process is unconstrained, and the fund’s emphasis is on companies with predictable revenue growth that produce sustainable economic value over the long-term. It is high conviction and benchmark agnostic, with sector and regional positioning driven by bottom-up stock selection.
Pieter Fourie, head of global equities at Sanlam UK, says: “We are extremely pleased with the success of the SPW Global High Quality Fund, particularly in light of the current uncertainty in global markets. Following the Brexit vote and the election of Donald Trump in the US, we have had to be one step ahead and adjust the balance of our portfolio. Our central focus has always been on quality global businesses, which has led to excellent performance in 2016.”
