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Global Leaders portfolio

Image of a zebra
Image of a zebra

Key facts

Mandate type

Segregated, discretionary managed

Minimum investment

investment $300,000

Management fee

1.50% on the first $1m

1.25% thereafter

(subject to a minimum annual fee of $3,000)

Benchmark

MSCI World Index total return

Risk profile

High

  • What is a Global Leader?

    A Global Leader is a company with sustainable, enduring competitive advantages in growing markets. These advantages come in many forms which may include:

    • Industry competitive landscape – e.g. Oligopoly
    • Dominant market shareo Brand Power
    • Global distribution & sourcing
    • Pricing power
    • Technological leadership
    • Low cost position

  • Please tell us about the portfolio rationale and investment process?

    The portfolio is a segregated, discretionary managed, developed equity market portfolio. It provides investors with access to global quality growth through investing in leading companies listed in developed markets. The portfolio is managed by an investment committee of Investec Wealth & Investment’s most experienced global portfolio managers from our UK and SA offices, leveraging off the bottom-up fundamental research expertise of our dedicated analyst team, and the top-down input of our Global Investment Strategy Group. The portfolio will be long-term in focus with a bias towards larger capitalisation stocks, and will typically comprise of 30 to 50 high-conviction holdings.

  • What sort of companies do you invest in?

    We focus on companies with strategic competitive advantages that are able to compound these advantages over the long term. Our strategy is to search for companies with reasonably attractive valuations that deliver sustainable, high levels of profitability, free cash flow, and returns on capital through the economic cycle. We avoid companies that are highly leveraged, cyclical, capital intensive and price takers. Although the portfolio will gravitate naturally towards larger capitalisation stocks, up to 20% of the portfolio may be designated towards mid capitalisation stocks, as new Global Leaders emerge. 

  • How do I invest offshore?

    Investors will need to go through the required exchange control mechanisms. Investors can access the portfolio by either using their annual foreign investment allowance, or Investec Wealth & Investment’s asset swap capacity at no asset swap charge. Alternatively, money that is already held offshore, in line with the required exchange control rules, can also be invested in the portfolio. The investor requires a minimum investment of US$300,000.

Disclaimer

This service is being offered through Investec Wealth & Investment, a division of Investec Securities (Proprietary) Limited (1972/008905/07).

An authorised financial services provider, No. 15886.A registered credit provider registration number NCRCP262.Registered Office: 100 Grayston Drive, Sandown, Sandton, 2196, South Africa

Although information has been obtained from sources believed to be reliable, Investec Securities (Proprietary) Limited or its affiliates and/or subsidiaries (collectively “ISL”) does not warrant its completeness or accuracy, as it may not have been independently verified and no guarantees, representations or warranties are made as to its accuracy, completeness or suitability for any purpose. Opinions and estimates represent ISL’s view at the time of distributing this document and are subject to change without notice. Past performance is not indicative of future returns. Target returns are not guaranteed. The information contained herein is for information purposes only and readers should not rely on such information as advice in relation to a specific issue without taking financial, banking, investment or other professional advice. ISL and/or its employees may hold a position in any securities or financial instruments mentioned herein. ISL accepts no liability for any loss or damage of whatsoever nature including, but not limited to, loss of profits, goodwill or any type of financial or other pecuniary or direct or special indirect or consequential loss howsoever arising whether in negligence or for breach of contract or other duty as a result of use of or reliance on the information contained in this document, whether authorized or not. The value of investments and any income from the investment is not guaranteed and may go down as well as up; you may get less than the amount invested. Higher volatility investments are subject to sudden and large falls in value and could result in experiencing difficulty in realizing the investment or in obtaining reliable information on the value or associated risks. Changes in rates of exchange may have an adverse effect on the value, price or income of investments denominated in various currencies. Any references to the impact of taxation are made in the context of current legislation and may not be valid should levels/ and or bases of taxation change. ISL does not provide tax advice and nothing herein should be construed as such. Accordingly, you should seek advice based on your particular circumstances from an independent tax advisor. This material is for the use of intended recipients only and is not directed at you if ISL is prohibited or restricted by any legislation or regulation in any jurisdiction from making it available to you. In particular, this document and the investments referred to in this document are not available to investors who are US persons, as defined per US tax legislation. This document may not be reproduced in whole or in part or copies circulated without the prior written consent of ISL.

Statutory information

Investec Wealth & Investment International (Pty) Ltd, registration number 1972/008905/07. A member of the JSE Equity, Equity Derivatives, Currency Derivatives, Bond Derivatives and Interest Rate Derivatives Markets. An authorised financial services provider No.15886. A registered credit provider registration number NCRCP262.