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
Grant Hackett has been promoted from CEO of Generation Life to head up the wider Generation Development Group.
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
