| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | Insync employs four simple screens to narrow the universe of over 40,000 listed companies globally to a focus group of high quality companies that it believes have the potential to consistently grow their profits and dividends. These screens are size of the company, balance sheet performance, valuation and dividend quality. Companies that pass this due diligence process are then valued using dividend discount models, free cash flow yield and proprietary implied growth and expected return models. The end result is a high conviction portfolio of typically 15-30 stocks. The principal investments will be in shares of companies listed on international stock exchanges (including the US, Europe and Asia). The Fund may also hold cash, derivatives (for example futures, options and swaps), currency contracts, American Depository Receipts and Global Depository Receipts. The Fund may also invest in various types of international pooled investment vehicles. At times, Insync may consider holding higher levels of cash if valuations are full and it is difficult to find attractive investment opportunities. When Insync believes markets to be overvalued, it may hold part of its resources in cash, or use derivatives as a way of reducing its equity exposure. Insync may use options, futures and other derivatives to reduce risk or gain exposure to underlying physical investments. The Fund may purchase put options on market indices or specific stocks to hedge against losses caused by declines in the prices of stocks in its portfolio. |
| Manager Comments | Positive contributions from the Fund's holdings in Alphabet, Microsoft, Amadeus IT and Visa helped offset the Fund's losses, underlining Insync's strong approach to portfolio construction. Insync noted the Fund's core holdings remain, including Facebook. In Insync's view, Facebook exemplifies Insync's disciplined process and unique methodology of assessing ROIC and utilising Megatrends (Insync's unique investment process). Insync believe Facebook remains an excellent quality growth investment. Insync remain positive about their stock holdings and believe they will continue to benefit from global Megatrends. Insync's valuation approach, which seeks to capture the long-term growth of these companies, continues to show a valuation discount. They noted they continue to invest in companies with strong growth prospects and which are less sensitive to market fluctuations. Should the market continue to perform, the Fund will participate in the rally, however, the Fund is also prepared in the event the market suffers a significant correction. |
| More Information |
