Global Equities

Yarra Global Share Fund

The Yarra Global Share Fund is designed for investors looking for investment opportunities either not available or not well represented in Australia, and which are expected to provide long-term capital growth.

Our investment strategy is to identify future quality

The Yarra Global Share Fund is managed by the Global Equity team of Nikko Asset Management Europe, the investment manager of this Strategy. The Fund gains exposure to global equities, holding between 40-60 stocks, weighted to reflect the alpha conviction in individual holdings.

The team believes that alpha can be sourced from any company across the geographical and market capitalisation spectrum. They identify ‘future quality’ businesses—i.e. those with, or with a path to, high and sustainable returns which are under-appreciated by the market.

In April 2021, Nikko AM Australia became part of the Yarra Capital Management Group, with Yarra Capital Management assuming responsibility for distribution of the Fund in the Australian market. Further information on the background to this transaction can be found here.

Reasons to consider investing

Exposure to a global portfolio of best ideas

The Strategy’s investible universe comprises of around 5,000 globally-listed companies within developed and emerging markets, across all sectors.

High conviction, high active share strategy

Nikko AM’s Global Equity team believes that high conviction investment ideas are best reflected in a concentrated portfolio. An active share of 80%-95% indicates that portfolios match the team’s stock picking convictions.

Experienced team

With an average of 19 years’ industry experience, Nikko AM’s Global Equity team members are seasoned investors with proven analytical and portfolio management skills.

In-depth proprietary research

Research and long-term forecasting is done by the team using their proven and disciplined process.

Long track record

The Global Equity team has a proven global track record, which continues a long record that the senior managers have had managing multi-geography portfolios since 2001.

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Objective

To achieve capital growth over the long-term, with total returns (before fees, expenses and taxes) 3% above the MSCI All Countries World Index (with net dividends reinvested) expressed in Australian Dollars (unhedged) over rolling three-year periods.

Strategy characteristics

A high conviction global share strategy which is benchmark and style agnostic, targeting an active share of 80-95%

Benchmark

MSCI All Countries World Index (with net dividends reinvested) expressed in Australian Dollars (unhedged).

Typical number of stocks

40 – 60

Recommended investment timeframe

5+ years

Inception date

November 1995

Net returns as at 30 September 2024

1 Mth
%
3 Mth
%
1 Yr
%
3 Yrs
% p.a.
5 Yrs
% p.a.
10 Yrs
% p.a.
Since
inception
% p.a.
Yarra Global Share Fund*#+ 0.39 2.93 26.15 7.36 12.30 13.48 8.69
Benchmark^ 0.07 2.63 22.57 9.54 11.55 12.10 7.69
Excess Return* 0.31 0.30 3.58 -2.19 0.76 1.38 1.01

* The returns shown are post fees, pre tax using redemption prices and assume reinvestment of distributions. Excess return is the difference between the Fund’s net return and its benchmark. Past performance is not a reliable indicator of future performance.
# In July 2015, the Fund was restructured from a global equities multi-manager strategy to gaining this exposure by investing in the Nikko AM Global Equity Fund (Underlying Fund) (a sub-fund of the Nikko AM Global Umbrella Fund which is an open ended investment company registered under Luxembourg law as a societe d’investissement, a capital variable).
+ Effective 12 April 2021, Nikko AM Australia became part of the Yarra Capital Management Group, with Yarra Capital Management assuming responsibility for distribution of the Nikko AM Global Share Fund in the Australian market. Further information in relation to the transaction can be found here.
^ Benchmark: MSCI All Countries World Index (with net dividends reinvested) expressed in Australian Dollars (unhedged). The Fund gains exposure to global equities by investing in the Nikko AM Global Equity Fund (underlying Fund)1. Prior to 18 August 2016 MSCI All Countries World Ex-Australia Index (with net dividends reinvested) expressed in AUD (unhedged). Prior to 15 July 2015 the Benchmark was the MSCI World ex-Australia Index (with net dividends re-invested) expressed in AUD (unhedged). Prior to 1 October 2005, the index was the MSCI World Index (net dividends reinvested) expressed in AUD (unhedged).

Investment Insights

Latest investment commentary – September 2024

Fund Facts

Open To New Investors: Yes
ARSN: 092 026 269
APIR: SUN0031AU
Initial Minimum: 10,000.00AUD
Distribution Frequency: Annually¹
Management cost (ICR) (p.a.): 0.99%
Buy/sell spread: +/- 0.15%
Fund ratings: Contact a member of the Firm’s Client Team to discuss ratings in further detail
Platforms for this fund

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Product Disclosure Statement
Target Market Determination

Note: Effective 11 October 2023, changes have been made to the application process for our Funds. Refer here for further information.

Institutional investors wanting further information on the Nikko AM Global Share Strategy should contact a member of the Firm’s Client Team.

Further Information

Important Additional Information
Important Updates (none at this time)

Future Generation Partnership

The Global Equity team is a proud partner of Future Generation, an Australian-based social impact investment organisation that supports children and youth mental health.

¹ Fund returns can be volatile. Yarra Funds Management Limited does not guarantee to provide distributions, or the amount of distributions. The Fund’s constitution provides for distributions to be paid quarterly, however, due to the distribution frequency of the Nikko AM Global Equity Fund income distributions will be calculated and paid annually. Due to the capital growth style of the Nikko AM Global Equity Fund income distributions may be minimal or nil at times.

General Advice Disclaimer

Yarra Funds Management Limited (ABN 63 005 885 567, AFSL 230 251) (‘YFML’) is the issuer and responsible entity of the range of registered managed investment schemes described on this website (‘Funds’). YFML is not licensed to provide personal financial product advice to retail clients. The information provided on this website contains general financial product advice only. The advice has been prepared without taking into account your personal objectives, financial situation or particular needs. Therefore, before acting on any advice, you should consider the appropriateness of the advice in light of your own or your client’s objectives, financial situation or needs. Prior to investing in any of the Funds, you should obtain and consider the product disclosure statement (‘PDS’) for the relevant Fund by contacting our Investor Services team on 1800 034 494 or from our website at www.yarracm.com/pdsupdates. The information set out in this website has been prepared in good faith and while YFML and its related bodies corporate (together, the “Yarra Capital Management Group”) reasonably believe the information and opinions to be current, accurate, or reasonably held at the time of publication, to the maximum extent permitted by law, the Yarra Capital Management Group: (a) makes no warranty as to the content’s accuracy or reliability; and (b) accepts no liability for any direct or indirect loss or damage arising from any errors, omissions, or information that is not up to date.

Before using any of the financial services offered by Yarra Funds Management Limited, you should read our Financial Services Guide (FSG). This has been prepared to assist you in deciding to use any of the financial services offered by us. We are required to provide you with an FSG if we provide certain financial services to you as a retail client.