Colonial First State - AXA Wholesale Global Equity – Value
Note: Investment Objective and Investment Strategy details are copied from Fund Manager PDS or profile documents.
||Colonial First State - AXA Wholesale Global Equity – Value
||Colonial First State - FirstChoice Wholesale Investments (show all funds)
||Global (ex Australia)
||MSCI All Countries World Index ex Australia
||The objectives are twofold: to provide unitholders with long-term capital
growth and to outperform the MSCI World (ex Australia) Index (net
dividends reinvested), in Australian dollar terms, after costs over rolling
||The investment strategy for the option is to buy shares in companies
whose share price appears undervalued relative to long-term earnings
potential. Bernstein manages the option’s global equities using a research
driven active value style. The focus is on individual stock merit as the
basis of selection, with country, sector and currency considered as byproducts
of the selection process. Bernstein’s fundamental company
analysts are organised by industry sector and conduct interviews with
company managers, suppliers and competitors around the world. This
gives them a clear understanding of the issues driving each company’s
earnings power. The option usually holds a diversified portfolio of stocks,
in companies with a market capitalisation generally in excess of US$750
million. These stocks will typically have a low share price in relation to
their long-term earnings power. Theoption’s investments in foreign
markets will generally be exposed to the relevant foreign currencies.
When circumstances warrant, the portfolio managers may use currency
hedging strategies to reduce exchange rate risk.
* Statistics exclude both first and current (incomplete) financial year
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* Statistics exclude both first and current (incomplete) quarter
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Performance data assumptions
Performance is calculated on an initial investment of $10,000 using entry price, with distributions reinvested using actual unit price. No tax or contribution fees have been deducted from the results. If your own investment was subject to contribution fees or if you did not reinvest distributions, your returns may be less than that shown. Your after-tax returns will also be less. Data is sourced directly from fund managers, but we offer no warranty as to the accuracy of the data, we suggest you verify the data from other sources before acting on the information on this site.
These charts show historical performance only and give no indication of future performance. This information is general in nature and does not take into account your personal circumstances, goals or investment objectives. You should assess whether the information is appropriate for you and consider talking to a financial adviser before making any investment decisions.
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