Merian Global Equity Fund R GBP Acc

Global Growth

Rated fund 2013-19. Avoids style bias to follow the money

Last year’s winner of Best Global Growth Fund in Money Observer’s annual fund awards, this fund has been overseen since 2004 by Ian Heslop, head of global equities at Merian Global Investors, with co-managers Amadeo Alenton and Mike Servant.

Rather than sticking to growth or value stocks, they use a variety of styles and follow multiple themes in their portfolio so that they cover all the different investment styles that can outperform in different market conditions. This produces a highly diversified portfolio – of more than 450 stocks at the end of 2018 – which Heslop says has been important in stabilising the returns the fund has achieved over the longer term.

The managers look at the types of stock other investors are buying and then seek out the best companies they can buy to take advantage of these themes. Companies are selected on the basis of five specific criteria that are in the public domain. These are: dynamic valuation or risk appetite; market dynamics and price movements; sustainable growth based on companies’ growth prospects; analyst sentiment to take account of announcements; and company managements and their use of capital. These are considered in the context of the “temperature of the market”.

They are looking to follow the money, an approach that recognises the cyclicality of investment processes and adjusts exposures to take advantage of prevailing market conditions.

Narrative and ratings content all as of 01 January 2019.

See all Money Observer rated funds
Name
Merian Global Equity Fund R GBP Acc
Manager
Merian Investment Management Limited
Type
Open Ended Investment Company
ISIN
GB00B1XG9821
Sector
Global
Launched
09/01/2013
OCF
1 %
Risk Rating
3
3 Year Sharpe
1.17
3 Year Alpha
0.08
Yield
0.4 %
Benchmark
MSCI World NR USD
To seek to achieve capital growth by delivering a return, net of fees, greater than that of the MSCI World Index with net dividends reinvested over rolling 3 year periods. The fund primarily invests (at least 70%) in a diversified portfolio of equities in developed markets globally.
Holding %
Apple Inc 1.60 %
Microsoft Corp 1.38 %
Amazon.com Inc 1.16 %
Visa Inc Class A 1.15 %
Procter & Gamble Co 1.13 %
Roche Holding AG Dividend Right Cert. 1.03 %
Boeing Co 1.02 %
Mastercard Inc A 1.01 %
Alphabet Inc Class C 0.88 %
Adobe Inc 0.86 %
Region %
United States 62.00 %
Eurozone 9.63 %
Japan 8.14 %
United Kingdom 7.05 %
Europe - ex Euro 5.39 %
Sector %
Healthcare 17.61 %
Technology 15.86 %
Financial Services 15.36 %
Consumer Cyclical 13.10 %
Industrials 9.70 %
Consumer Defensive 7.06 %
Real Estate 7.01 %
Basic materials 5.67 %
Utilities 5.12 %
Name
Merian Investment Management Limited
Address
EC4P 4GG, London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Ian Heslop
Joined 12/31/2004

Dr. Ian Heslop is the Deputy Head of Quantitative Strategies at Old Mutual Asset Managers (UK). He joined the Quantitative Strategies team in June 2004 from OMAM's Global Equities team, where he was a fund manager specialising in the global technology and biotechnology sectors. He joined the Old Mutual group from Barclays Global Investors, where he was a UK quantitative fund manager (1997-2000). Ian has a BA in Chemistry from Oxford University (1993) and a PhD in Medicinal Chemistry from Edinburgh University (1997).

Amadeo Alentorn
Joined 12/31/2004

Amadeo joined the business in 2005. Prior to joining the company, he developed simulation models for systemic and liquidity risk for the Financial Stability Group at the Bank of England. He holds a BEng in robotics from the University of Plymouth, an MSc in computer science, and a PhD in computational finance from the University of Essex. He is a CFA charterholder.

Mike Servent
Joined 12/31/2004

Mike joined the company in 2004. He joined from Barra International where he was a senior consultant specialising in the implementation of multi asset-class risk systems. Prior to this he spent five years with COR Risk Solutions. Mike has an MA in physics from the University of Oxford.

Data provided by Morningstar.

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Morningstar. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.