CFS, Baillie Gifford offer retail investors new global growth fund

CFS/global-equities/peter-chun/colonial-first-state/retail-investors/peter-chun/FE-Analytics/

23 October 2018
| By Anastasia Santoreneos |
image
image
expand image

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks ago

TOP PERFORMING FUNDS