Global Equity
For more information, please contact us.
For more information, please contact us.
Investment Philosophy
As bottom-up, benchmark agnostic, fundamental investors, we seek to identify companies with sustainable competitive advantages, regardless of industry or economic conditions. We believe that by consistently following our investment philosophy—seeking wealth-creating companies, with great management teams, bought at a discount to intrinsic value—we can provide investors with above-average, long-term, risk-adjusted returns.
What Does the Strategy Invest In?
The objective of this strategy is to achieve attractive long-term, risk-adjusted rates of return by investing in securities from around the world. The portfolio is built from the bottom up by selecting high-quality companies at reasonable prices, focusing on the long-term prospects of each company, and is all-cap in nature.
Top 10 Equity Holdings
Portfolio Weight | |
---|---|
Publicis Groupe | 5.3 |
Microsoft | 5.1 |
Marsh & McLennan | 4.4 |
Booking Holdings | 4.2 |
Alimentation Couche-Tard | 3.5 |
Alphabet | 3.4 |
BMW | 3.3 |
CGI | 3.1 |
Wolters Kluwer | 3.1 |
Amazon.com | 3.0 |
Total | 38.4 |
Market Capitalization
Billions | Number of Companies | Portfolio Weight |
---|---|---|
$200 billion and over | 15 | 33.5 |
$50 to $200 billion | 10 | 23.4 |
$10 to $50 billion | 20 | 32.9 |
Less than $10 billion | 10 | 8.6 |
Cash & Cash Equivalents | - | 1.6 |
Total | 55 | 100.0 |
Portfolio Characteristics
Portfolio | MSCI ACWI Index (Net) | |
---|---|---|
ROE (%) | 17.6 | 14.0 |
Forward P/E | 18.5 | 20.3 |
Dividend yield (%) | 1.6 | 1.7 |
Active share (%) | 84.0 | - |
Annual turnover (%) | 28.6 | - |
Number Of Holdings | 55 | - |
Disclaimers
Gross-of-fee returns include the reinvestment of all income received/earned and are presented before management fees and other expenses, and after withholding taxes, if applicable. A client's actual return will be reduced by management fees and other expenses that may be incurred in the management of the client account. Mawer Investment Management Ltd.’s management fee schedule is outlined in Part 2A of its Form ADV. Net-of-fee returns are calculated by deducting 1/12th of the top tier of the management fee schedule from the monthly gross-of-fee returns of the composite. Actual fees may vary depending on the applicable fee schedule and the size of the account.
Past performance does not guarantee or indicate future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested. Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different. Investors should be aware that forward looking statements and forecasts may not be realized.
The information contained herein was provided by Mawer Investment Management Ltd. and intends to provide you with information related to Mawer Global Equity strategy and Global Equity Composite at a point in time. It is not intended to be investment advice applicable to any specific circumstance and should not be construed as investment advice. Market conditions may change impacting the composition of a portfolio. Mawer assumes no responsibility for any investment decisions made based on the information provided herein. Certain information contained herein is obtained from third parties. Mawer believes such information to be accurate and reliable as at the date hereof, however does not guarantee that it is accurate or complete or current at all times.
References to specific securities are presented for informational purposes only. Information relating to investment approaches or individual investments should not be construed as advice or endorsement. Any views expressed were prepared based upon the information available at the time and are subject to change. All information is subject to possible correction. In no event shall Mawer be liable for any damages arising out of, or in any way connected with, the use or inability to use this information appropriately.
References to market or composite indices, benchmarks, or other measures of relative market performance over a specified period of time are provided for information only. Reference or comparison to an index does not imply that the portfolio will be constructed in the same way as the index or achieve returns, volatility, or other results similar to the index.
Indices are unmanaged, include the reinvestment of dividends and do not reflect transaction costs or any performance fees. Unlike indices, the strategy is actively managed and may include substantially fewer and different securities than those comprising each index. Results for the strategy as compared to the performance of the stated indices is for informational purposes only. The MSCI ACWI Index is a global equity index that represents large-and mid-cap stocks in 23 Developed and 24 Emerging Markets countries. The MSCI World Index is a global equity index that represents large-and mid-cap stocks in 23 Developed markets. The strategy does not mirror the stated indices and the volatility may be materially different than the volatility of such indices.
The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com).