Firetail launches global fund on ASX
Firetrail Investments has launched the high conviction S3 Global Opportunities fund on the Australian Securities Exchange (ASX).
The fund was concentrated, high conviction global equity portfolio with $204 million in assets under management and aimed to outperform the MSCI World Net Total Return index over the long term.
Managers used fundamental analysis to identify the attractive opportunities in the market, particularly those with sustainable characteristics and those which were future and current leaders in positive change.
Portfolio manager, James Miller, said : S3 refers to the three attributes of the ideal stocks for the portfolio- sustainable business models, sustainable earnings and sustainable positive change.
“We assess a company against these attributes not today, but on our forecasting five years into the future. Sustainability is not simply a risk to be managed- it’s an investment opportunity”.
The firm said the fund on the ASX offered a different option to other passive and active global exchange traded funds thanks to its differentiated portfolio and could be used as a core component or satellite within an investment portfolio.
AUTHOR
Laura Dew
Recommended for you
Natixis Investment Managers has hired a distribution director to specifically focus on the firm’s work with research firms and consultants.
The use of total portfolio approaches by asset allocators is putting pressure on fund managers with outperformance being “no longer sufficient” when it comes to fund development.
With evergreen funds being used by financial advisers for their liquidity benefits, Harbourvest is forecasting they are set to grow by around 20 per cent a year to surpass US$1 trillion by 2029.
Total monthly ETF inflows declined by 28 per cent from highs in November with Vanguard’s $21bn Australian Shares ETF faring worst in outflows.
