CFS, Baillie Gifford offer retail investors new global growth fund
Colonial First State (CFS) has entered a strategic alliance partnership with Baillie Gifford to give retail investors access to a new global equity offering, the Baillie Gifford Long Term Global Growth Fund.
General manager of distribution at CFS, Peter Chun, said the mandate has significantly outperformed its benchmark, and since its inception in 2006, the fund has returned 6.43 per cent per annum above the MSCI All Country World Index benchmark.
According to FE Analytics, the index returned 9.72 per cent for the ten years to 30 September 2018, 15 per cent across the five years to 30 September, 12.88 per cent across the three years to 30 September and 19.67 per cent for the year to 30 September.
“We believe their investment philosophy is focussed on transformative growth opportunities by identifying regular, sustainable, high-growth businesses that can outperform their peer group over time to provide investors a sound source of return in their portfolios,” he said.
The partnership would broaden the fund managers’ relationship and build on CFS’ significant distribution footprint and knowledge of the Australian retail market.
The chart below tracks the performance of the MSCI All Country World Index for the ten years to date.
AUTHOR
Anastasia Santoreneos
Recommended for you
The “experiment” away from vertical integration has been a mistake, according to Clime’s Michael Baragwanath, and Clime is positioning to benefit via advice and fund manager acquisitions.
JP Morgan Asset Management has identified Australia as an “emerging growth market” as it seeks to double its assets under management in the Asia-Pacific region in the next five years.
Australian Ethical funds under management were $14.3 billion at the end of September, with its investment division seeing inflows return after outflows in the previous quarter.
Record flows into iShares ETFs helped BlackRock’s assets under management reach US$13.5 trillion in the third quarter, but it reported outflows from the APAC region.
