Cooper Investors opens up Global Endowment Fund to market


Peter Cooper

Cooper Investors Pty Limited is delighted to announce the opening of the Cooper Investors Global Endowment Fund to external investors as at 1st July 2019.

As a wholesale unit trust the Fund is the first new product launched by Cooper Investors in 5 years and the strategy has been run successfully with internal capital for over 2 and a half years.

The Fund is managed by the Global Equities team applying the CI Way investment philosophy and VoF investment process. It provides exposure to high quality global companies with attractive investment propositions, leveraging the intensely researched Watchlist run by the Global team.

The portfolio is constructed with the explicit intention to have lower volatility than global equities markets and to outperform in periods of market weakness and is intended for those investors who are retirees, charities and foundations.

Peter Cooper, founder and Chief Investment Officer of Cooper Investors explains the appeal of this type of portfolio: “This Endowment mindset way of investing is one of the biggest investment trends we’ve seen in the marketplace. Investing in a lower risk portfolio that aims to protect capital yet still experiencing market or above market returns over the longer term is highly desirable for those investors in pensions phase or for charities and foundations.”

The Fund is intended to be both diversified and concentrated, and managed with a long term time horizon. Relatively little regard will be paid to industry benchmarks though for measuring of volatility and downside capture the Manager refers to MSCI All Countries World net dividends in local currency [the “Reference Index”].

As at 30 June 2019 the Strategy has achieved:

  • Annualised absolute return (gross) since inception of +16.2%
  • 1 Year absolute return (gross) of +14.3% (versus Reference Index +6.1%)
  • Volatility approximately 88% of the Reference Index
  • Downside capture of 62% of the Reference Index (monthly compounded annualised returns)

The Fund seeks to invest in sustainable businesses with sound governance practices and the Fund will not invest in companies whose primary business is the production of tobacco, controversial weapons or gambling. Example holdings include Givaudan SA, IDEX Corporation and American Water Works Company, Inc

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