STANLIB is launching a diversified offshore equity fund for South African investors. The STANLIB Global Select Fund is sub-managed by J.P. Morgan Asset Management (JPMAM), according to a JPMAM strategy that has a long-term, benchmark-beating track record.
Mark Lovett, Head of Investments at STANLIB says, “The STANLIB Global Select Fund will provide South African investors access to the compelling diversification and growth opportunities offshore equity presents. To maximise these opportunities, the portfolio is sub-managed by JPMAM’s world-class equity team that follows an investment discipline that has been in place for more than three decades.”
The new fund will be managed according to the same fundamental research-driven strategy that has delivered excellent returns for the JPM Global Select Equity Strategy, delivering an annualised gross return of 12.37% since inception* against the MSCI World Index benchmark’s return of 9.6%.
The STANLIB Global Select Fund gives investors who are seeking long-term capital growth and diversification through exposure to global equities access to a broadly sector-neutral “all weather” fund, which is constructed to perform across different market conditions.
The strategy is managed by two London-based JPMAM portfolio managers, Helge Skibeli and Christian Pecher, with almost 60 years of industry experience between them. Their process is focused on proprietary long-term earnings and cash flow forecasts, giving them an advantage in capturing the opportunities arising from both structural and cyclical changes across industries today.
They are backed by a team of about 80 equity research analysts around the world, who provide both breadth and depth of expertise in an environment where idea-sharing is encouraged. The team draws upon JPMAM’s substantial resources, which include independent risk management, specialised technology and data science capabilities.
Some of the underlying themes in the fund are electric and self-driving vehicles, healthcare innovation, sustainable consumption, the return of consumer “experiences”, millennial spending habits, the shift to the public cloud, the new energy revolution, and harnessing data science. Key holdings within these themes include LVMH, Marriott International, Deere, Microsoft, RWE and Amazon.
“The launch of this fund is further proof of the benefits of our close working relationship and collaboration with JPMAM. This investment-led partnership gives us access to best-in-class global investment solutions and exclusive access to other global investment opportunities,” Lovett concludes.
The fund will be available in US dollars and as a rand feeder fund. For more information about the fund, please visit stanlib.com.
*Since inception date of composite return is 30/11/2015. Returns to 30 June 2023.
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