Global Equity: When the Voting Machine Overwhelms the Weighing Machine | EP 212
March 25, 2026
26 Mins
Mawer Global Equity Fund
As at March 31, 2026
Morningstar Rating™
starstar
(As at Mar 31, 2026)
Series Start Date:
Oct 22, 2009
Fund Net Asset Value:
$4,976.00 million
Total Net Asset Value (Series A):
$729.20 million
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What Does this Fund Invest In?
The Fund invests in equity securities of companies from around the world. The Manager will allocate capital to the best global opportunities, which may include both large and small capitalization companies. Treasury bills or short-term investments, not exceeding three years to maturity will also be used.
Investor Suitability
Investors seeking long-term, above-average growth who can tolerate equity volatility. Medium risk.
Investment Strategy
In order to achieve its investment objectives, the Manager systematically creates a broadly diversified portfolio of wealth-creating companies with excellent management teams bought at discounts to their intrinsic values. The Manager employs a highly disciplined, research-driven, bottom-up process and long-term holding period to allow for investor recognition or corporate growth, and to minimize transaction costs.
Top Holdings
| Top Holdings | Weight (%) |
|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | 5.7 |
| Alphabet Inc | 4.9 |
| Cash and Cash Equivalents | 4.7 |
| Microsoft Corp | 4.6 |
| Amazon.com Inc | 3.9 |
| Marsh & McLennan Cos Inc | 3.4 |
| Visa Inc | 2.9 |
| Berkshire Hathaway Inc | 2.8 |
| SK hynix Inc | 2.6 |
| Meta Platforms Inc | 2.5 |
| Northrop Grumman Corp | 2.4 |
| Tencent Holdings Ltd | 2.2 |
| Wells Fargo & Co | 2.2 |
| Roche Holding AG | 2.0 |
| Orkla ASA | 2.0 |
| Bunzl PLC | 1.8 |
| Publicis Groupe SA | 1.7 |
| Alimentation Couche-Tard Inc | 1.7 |
| JPMorgan Chase & Co | 1.6 |
| Amphenol Corp | 1.6 |
| DNB Bank ASA | 1.6 |
| KDDI Corp | 1.6 |
| Shell PLC ADR | 1.6 |
| Waters Corp | 1.6 |
| Booking Holdings Inc | 1.5 |
Equity Sector Weights
Portfolio
Global Equity Benchmark[‖]
Communication Services
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials
Real Estate
Utilities
Cash and Cash Equivalents
Regional Weights
Portfolio
Global Equity Benchmark[‖]
Asia Pacific Ex. Japan
Canada
Emerging Markets
Europe Ex. U.K.
Japan
Latin America
Middle East/Africa
United Kingdom
United States
Cash & Cash Equivalents
Emerging Markets
Related Links
Global Equity: When the Voting Machine Overwhelms the Weighing Machine | EP 212
March 25, 2026
26 Mins
Nostalgia Is Not a Strategy: Adapting the Investing Playbook to a Changing World Order | EP208
February 3, 2026
28 Mins
Global Equity Update: Collaboration, Diversification, and Staying in the Middle of the Net | EP 201
October 29, 2025
20 Mins
Disclaimers