Global Equity Portfolio

The Global Equity Portfolio aims to achieve gross outperformance against the MSCI World Index of 3% per annum over rolling three year periods. We provide our Global Equity Portfolio to clients either on a segregated basis or via our Irish Stock Exchange listed UCITS fund. The UCITS fund offers GBP and EUR share classes.

Our portfolio management system can accommodate client-specific variations from the model portfolio. Individual client requirements are recorded in our mandate maintenance system and regularly monitored by our client service manager. A daily post-trade compliance check is conducted by our independent administration agent to ensure we adhere to all client mandates.

We are an active global investor, with a long-term, low-turnover approach, focussing on quality companies with attractive valuations.

Our investment philosophy is a fundamental, bottom-up approach to stock picking, focusing on quality and value. We believe that investments in solid and understandable businesses that generate cash without being burdened by too much debt ultimately deliver above market returns to investors, providing they are purchased at attractive prices.

For a company to be considered in our portfolio it must demonstrate a history of stable earnings, strong balance sheet, sound management and a sustainable business. Once we identify these companies valuation becomes the key.

We may hold companies for several years, allowing them time to grow and reward shareholders. As long as the strong business tenets and fundamentals remain intact we take advantage of short term price weakness to buy more of a company.

This approach delivers a diversified portfolio of sound businesses that produces a steady but growing income stream to investors which is ultimately recognised through capital appreciation.

Portfolio snapshot

  • Typically holds between 60 and 90 stocks
  • Mid to large-cap bias (companies with a market cap of over US$2 billion in free-float)
  • Bottom-up stock selection, no top-down country or sector allocation
  • Benchmark independent – we don't invest relative to company benchmark weightings
  • Aim to invest in quality companies with sound management, competitive business models, strong and transparent balance sheets, and sustainable earnings
  • Bias to companies with high returns on equity
  • Typically has a lower P/E ratio than the market
  • Typically has a higher dividend yield than the market
  • Expected to have lower volatility than the market over three to five years
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