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Forsyth Barr Global Equities Fund

The fund aims to achieve positive long-term returns by investing in selected international shares, subject to the risks associated with investments in international share markets.

Unit Price

AS AT 24 FEB 2020

1.525 NZD


Month End Unit Price

As at 31 Jan 2020

1.5019 NZD

Manager's Comment

We actively manage the fund’s foreign currency exposures. As at 31 January 2019, these exposures represented 94.38% of the value of the fund. After allowing for foreign currency hedges in place, 70.12% of the value of the fund was unhedged and exposed to foreign currency risk.

The next Manager’s commentary will be included in the March Performance Summary (available April 2020).

Major Investments

As at 31 Jan 2020

Company name Volume
JP Morgan Chase & Co. USD Cash Deposit 8.40%
Amazon.com, Inc. 7.14%
ANZ transactional bank account 5.62%
Thor Industries Inc. 3.84%
Baxter International Inc. 3.63%
Siemens AG-Reg 3.37%
Visa Inc.- Class A Shares 3.31%
Alphabet Inc Class A 3.30%
Apple Inc. 3.22%
NIKE, Inc. 2.97%
Major holdings as % of total portfolio 44.79%
Total portfolio holdings 40

Return Comparison

As at 31 Jan 2020

1 Month 3 Months 1 Year 3 Years* Since commenced operation*
*Annualised
Net Fund Return 1 Month 3.11% 3 Months 6.46% 1 Year 25.14% 3 Years* 13.85% Since commenced operation* 3.04%
Gross Fund Return 1 Month 3.06% 3 Months 7.22% 1 Year 27.93% 3 Years* 16.63% Since commenced operation* 4.69%
MSCI ACWI Net Total Return Index (0% hedged to the NZD) 1 Month 3.10% 3 Months 3.92% 1 Year 24.36% 3 Years* 15.74% Since commenced operation* 7.59%
MSCI ACWI Net Total Return Index (50% hedged to the NZD) 1 Month 1.23% 3 Months 4.47% 1 Year 20.69% 3 Years* 13.76% Since commenced operation* 8.79%
MSCI ACWI Net Total Return Index (100% hedged to the NZD) 1 Month -0.63% 3 Months 4.94% 1 Year 16.94% 3 Years* 11.60% Since commenced operation* 9.63%

The unit prices shown do not take into account any adjustment for PIE tax.

Net Fund Returns are calculated after deduction of fund charges, trading expenses and accrued tax for a New Zealand resident paying individual tax at the highest Prescribed Investor Rate (28%). Gross Fund Returns are calculated before deduction of taxes and fund charges but after deduction of trading expenses. Market index returns do not have any deductions for fund charges, trading expenses or tax.

Fund update

As at 31 December 2019

This document tells you how the Forsyth Barr Global Equities Fund has performed and what fees were charged. The document will help you to compare the fund with other funds.

General Fund Information

Risk indicator

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The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the relevant fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. The risk indicator is based on the returns data for the five years to 31 December 2019. See more information about the risks of investing in the Product Disclosure Statement.

Target investment mix

Price Volume
Cash and cash equivalents 10.00%
New Zealand fixed interest 0.00%
International fixed interest 0.00%
Australasian equities 0.00%
International equities 90.00%
Listed property 0.00%

Things to note

  • Manager: Forsyth Barr Investment Management Limited
  • Date the fund started: 26 June 2008
  • Tax status: Portfolio Investment Fund (PIE)
  • Minimum suggested investment time frame: At least five years
  • Benchmark: None
  • Currency: New Zealand dollars
  • View the Product Disclosure Statement for detailed information about this Fund and Forsyth Barr Investment Funds Scheme.

Fees

Annual fund charges are currently 1.55% of the net asset value of the fund (estimated), made up of our management fee (1.50% of the portion of the fund's assets that we invest directly or 0.50% of the portion of the fund's assets that we invest in other managed funds) and other annual fund charges (0.05%, estimated).

All fees and charges are quoted exclusive of GST.

Forsyth Barr Investment Management is the manager of the Investment Funds. The comments on this webpage do not take your personal circumstances into account. Before acting on this information, please contact your Forsyth Barr Authorised Financial Adviser. His or her disclosure statement is available on request and free of charge. Forsyth Barr Limited and its affiliates do not make any representation or warranty (express or implied) that this webpage is accurate, complete, or current and to the maximum extent permitted by law disclaim any liability for loss which may be incurred by any person relying on this webpage. This webpage is not intended to be distributed or made available to any person in any jurisdiction where doing so would constitute a breach of any applicable laws or regulations.

Get in touch

21 locations around New Zealand

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