Value is more than a number …
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The Global Equity Fund is an actively managed equity portfolio which holds c. 100-140 global stocks. The stocks are chosen within a global sector framework via thorough bottom-up analysis. The key endeavour is the establishment of a value case for each investment, informed by conviction in the value- investment principles of our firm.
The investment objective of the Fund is to outperform the MSCI World index over periods of three years or more.
| 1 month | YTD | 1 Year | 3 Year p.a. | 5 Year p.a. | 10 Year p.a. | |
| Fund | 3.6% | 3.6% | 4.6% | 17.4% | -0.2% | 3.0% |
| Benchmark | 4.1% | 4.1% | 1.6% | 15.6% | -1.8% | 0.2% |
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Fund | 13.0% | -1.0% | -36.6% | 32.2% | 16.2% | 0.9% |
| Benchmark | 7.4% | -1.7% | -37.6% | 25.9% | 19.5% | -2.4% |
| Company | Sector | % of Fund |
| MICROSOFT | Information Technology | 2.3% |
| JOHNSON & JOHNSON | Healthcare | 2.2% |
| EXXON MOBIL | Energy | 2.0% |
| PFIZER | Healthcare | 1.9% |
| TYCO INTERNATIONAL | Industrials & Materials | 1.9% |
| MEDTRONIC | Healthcare | 1.9% |
| GENERAL DYNAMICS | Industrials & Materials | 1.8% |
| TOTAL | Energy | 1.8% |
| OWENS-ILLINOIS | Industrials & Materials | 1.8% |
| ENI | Energy | 1.8% |
| Sector Name | Fund Weight |
| Consumer Discretionary | 9.8% |
| Consumer Staples | 11.3% |
| Energy | 15.1% |
| Financials | 11.9% |
| Healthcare | 13.6% |
| Industrials & Materials | 17.4% |
| Information Technology | 14.0% |
| Telecoms & Utilities | 7.0% |
John Looby re-joined Setanta in 2007 having previously been with the firm from its foundation in 1998 to 2003. John is currently lead manager of our Global Equity suite, manager of our Global Telecom Services and Utilities sector, co-manager of our German Equity Fund and part of our 3-person multi-asset team. He has over 20 years experience in financial markets in roles spanning fixed income, absolute return and equities. With a primary degree in economics from UCD, he also has post-graduate qualifications in statistics and international relations from TCD and DCU, respectively.
Performance Source: Setanta Asset Management Limited. Benchmark: MSCI World Index. The Fund returns stated (in Euro) are based on the movements in the unit prices of a representative account, based on mid to mid prices, and are gross of management fees. The performance will be reduced by the impact of management fees paid, the amount of which varies.
The Global Equity Fund is managed by Setanta Asset Management Limited and is a representative account of the Global Equity strategy. The Fund is currently available in Ireland via a unit-linked offering of Canada Life Assurance (Ireland) Limited and in Germany via a unit-linked offering of Canada Life Assurance Europe Ltd. For this life assurance product, investors should refer to the relevant policy conditions. The strategy is also available on a segregated basis to institutional investors.
WARNING: Past performance is not a reliable indicator of future results.The price of units and the income from them may go down as well as up and investors may not get back the amount invested.The return may increase or decrease as a result of currency fluctuations. Forecasts are not a reliable indicator of future performance.
