New Capital
Global Equity Conviction Fund

»Jeff Li

Picking quality stocks from around the world

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A classic stock picking global equity portfolio

In contrast to the many thematic or style-driven global equity funds available in the market, the New Capital Global Equity Conviction Fund is a classic stock-picking portfolio – albeit run within EFGAM’s top-down macro and risk framework.

The team are looking for 40 to 50 high-quality stocks on a global basis. In basic terms, we focus on what a business is likely to be worth in three years’ time and value it accordingly.

This can lead to traditional ‘value’ plays where a stock is trading on a cheaper valuation than we feel it deserves, but the fund also owns businesses where the team believes a company’s growth potential is higher than consensus estimates.

Stockpicking on the Global Equity Conviction Fund is based on four pillars: the first three focus on various business risks, cashflow, management and growth, and the final one on valuation.

Cashflow is focused on a company’s track record of generating cash and how it uses this within the business, while management looks at the individuals tasked with doing that. We prefer management teams with real passion for their business, however, this is hard to quantify.

The third pillar looks at a company’s ability to grow its cashflow over time. Having assessed each business based on these factors, the final pillar, valuation, is about paying an appropriate price for the potential returns on offer.

Video

A DIFFERENTIATED APPROACH TO GLOBAL EQUITY INVESTING

Looking for companies that can deliver value to shareholders independently of market conditions.

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12.32%

Cumulative performance
USD Inst Acc share class Since inception (08 May 2015)
 
  1 Year YTD
Fund
Benchmark
»MONTHLY COMMENTARY
»QUARTERLY WEBINAR

PRICES AND LITERATURE

Class ISIN Price Currency Price Date Factsheet Datasheet KIID
USD Ord Acc IE00BWGC5Q41 115.42 USD 10/16/2017
EUR Ord Acc IE00BWGC5V93 113.87 EUR 10/16/2017 -
GBP Inst Acc IE00BWGC5T71 115.62 GBP 10/16/2017 -
GBP Ord Acc - N/A - N/A -
USD Inst Acc IE00BWGC5R57 117.00 USD 10/16/2017

DOWNLOAD FUND DOCUMENTS FOR DUE DILIGENCE

Reports & Accounts
Annual Report-ENG
Semi-Annual Report-ENG
Prospectus
Full Prospectus-ENG
How to Invest
Application Form
Shareholder Notice
Shareholder Notice-ENG
HMRC Year End Reporting
HMRC Reporting-ENG
Registration Matrix
Registration Matrix-ENG
Dealing Calendar
Dealing Calendar-ENG
Memorandum and Articles of Association
Memorandum and Articles of Association-ENG

DOWNLOAD HISTORICAL PRICES FOR DUE DILLIGENCE

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