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Risk Considerations

  1. The Fund is actively managed and invests mainly in a diversified portfolio of shares of companies that have the potential for above average and sustainable rates of earnings growth. The companies may be anywhere in the world, including emerging markets.
  2. Investment in the Fund involves risks, including general investment risk, geographic concentration risk, currency risk, equity market risk, risks associated with depositary receipts, exclusion criteria risk and style risk which may result in loss of a part or the entire amount of your investment. 
  3. The Fund may use derivatives for hedging and efficient portfolio management and is subject to derivatives risk. Exposure to derivatives may lead to a risk of significant loss by the Fund.
  4. The value of the Fund can be volatile and could go down substantially.
  5. Investors should not invest in the Fund solely based on this website.

 

 

 

Investment involves risk. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

SICAV
Global Focused Growth Equity Fund
Seeks to increase the value of its shares, over the long term, through growth in the value of its investments.
ISIN LU0143551892
FACTSHEET
KFS
SFDR DISCLOSUR
30-Nov-2023 - David Eiswert, Portfolio Manager,
We appear to be on a new macroeconomic path where higher inflation and interest rates lead to scarcity, which, in turn, helps fuel higher inflation and interest rates. In such an environment, we want to maintain a balance in the portfolio in order to capture tailwinds while seeking to support our holdings during periods of volatility.

Overview
Strategy
Fund Summary
Actively managed and invests mainly in a diversified portfolio of shares of companies that have the potential for above average and sustainable rates of earnings growth. The companies may be anywhere in the world, including emerging markets.
Performance - Net of Fees

Past performance is not a reliable indicator of future performance.

30-Nov-2023 - David Eiswert, Portfolio Manager,
Global equities advanced in November amid hopes that major central banks may not have to raise interest rates further to combat inflation. Within the portfolio, our holdings in the information technology sector, coupled with an overweight position, contributed the most to relative returns. Shares of an e-commerce omnichannel platform surged following the release of stronger-than-expected third-quarter earnings and fourth-quarter revenue guidance. Management noted that third-quarter gross merchandise value strength was primarily driven by merchant growth across the platform. We think the company is well positioned for accelerating returns given the fact that its strategic positioning as the digital operating system for smaller merchants has only strengthened over the last couple years, and recent plans for increased monetisation are encouraging. Conversely, stock picks and an overweight position in energy detracted. Shares of a large oil field services company declined as falling oil prices pressured energy names. We believe the company is the technology leader in its field with the greatest scale and best reputation with customers. In our view, the firm is also well positioned to benefit from increased international spending that we expect to occur both onshore and offshore and across commodities.
30-Nov-2023 - David Eiswert, Portfolio Manager,
We are underweight industrials and business services given the growing possibility of a global economic slowdown, which generally pressures demand in industrial end markets. However, we still believe our exposure within the sector is poised to capture the tailwinds of accelerating economic fundamentals as COVID-19 distortions continue to abate and the world begins to normalise in a more synchronised fashion. Our exposure is focused on long-cycle industrials and commercial services companies that have strong competitive positions, as well as aerospace-related names that have a significant backlog and pent-up demand.

Disclosure on Vendor Indices can be found here.