Summer Global Equities
Summer Global Equities fund performance summary as at 31 August 2020.
Fund at a glance
Unit price (as at 31 August 2020): $1.6493
Date the fund started: 19 September 2016
For information on fees, see our Fees page.
For more information on the Summer Global Equities fund, read the latest quarterly fund update and the product disclosure statement.
Fund objective and strategy
See the Global Equities page for the Summary of investment objective and strategy.
Fund returns
| Annualised total since inception | 1 Month | 3 Months | 1 Year | 3 Years^ | |
|---|---|---|---|---|---|
| Fund | 12.66% | 5.64% | 5.27% | 17.72% | 11.18% |
Fund returns are calculated net of fund charges, trading expenses and accrued tax for a New Zealand resident individual paying tax at the highest Prescribed Investor Rate (28%)
^ Annualised
Top 10 investments
| Asset name | % of fund net assets | |
| 1 | ANZ transactional bank account | 10.39% |
| 2 | Alphabet Inc Class A | 5.04% |
| 3 | Takeda Pharmaceutical Co Limited | 4.38% |
| 4 | Comcast Corp Class A | 4.23% |
| 5 | Apple Inc. | 4.21% |
| 6 | NIKE, Inc. | 4.11% |
| 7 | Amazon.com, Inc. | 3.74% |
| 8 | Visa Inc.- Class A Shares | 3.70% |
| 9 | Medtronic Inc. | 3.19% |
| 10 | LVMH Moet Hennessy- Louis Vuitton | 3.17% |
The top 10 investments make up 46.17% of the fund.
Manager's Commentary
We actively manage the fund’s foreign currency exposures. As at 31 August 2020, the fund’s foreign currency exposures represented 89.61% of the value of the fund. After allowing for foreign currency hedges in place, approximately 71.30% of the value of the fund was unhedged and exposed to foreign currency risk.
The next Manager’s commentary will be included in the September Performance Summary (available October 2020).
This is not a recommendation to buy or sell any financial product and does not take your personal circumstances into account. All opinions reflect our judgement on the date of communication and may change without notice. Past performance is not a reliable guide to future performance. We recommend you take financial advice before making investment decisions. We have prepared this web page in good faith based on information obtained from other sources, but we do not guarantee the accuracy of that information. We do not make any representation or warranty (express or implied) that this web page is accurate, complete, or current and to the maximum extent permitted by law disclaim any liability for loss which may be incurred by any person relying on this web page.
