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
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
