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| Fund Name | |
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| Latest Return Date | |
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| Latest 24 Months (pa) | |
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| 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 typically of 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. |
| Manager Comments | The Fund's return was flat in December, in line with the Index. Insync believe the outperformance of neglected sectors over the past quarter (e.g. banks, energy & cyclicals) is primarily due to exuberant expectations of much higher growth (from vaccines) and inflation views for the near term. Insync noted Megatrends have proved resilient to the COVID-19 fallout, with many existing long-term trends having been accelerated by the pandemic. These include the move to e-commerce, uptake of contactless payment methods, expansion of cloud-based services, collision of biological science technology and the transition from carbon energy to electric. They added that megatrends are typically not determined by short-term shocks, even those as significant as COVID-19. The Fund's top 10 active holdings at month-end included Nintendo, Walt Disney, Domino's Pizza, PayPal, Dollar General, Qualcomm, Visa, S&P Global, Facebook and Nvidia. |
| More Information |
