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COMGEST MONDE Z
Investment Policy
The investment objective of the SICAV ("the Fund") is to seek a performance unrelated to an index, with a long term outlook, through a selection of securities based on criteria related to the company and not to the stock markets. The SICAV is invested and/or exposed at all times with at least 60% of its assets in international equities.
The Fund is actively managed. The index is provided for comparative purposes only.
The Fund is aimed at investors with a long-term investment horizon (typically 5 years or more).
| Total Net Assets (all classes, m) | 2,218.90 EUR |
|---|---|
| Number of holdings | 39 |
| Weight of top 10 stocks | 38.9% |
PERFORMANCE & HOLDINGS As of 30-Apr-2022
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Cumulative returns shown are monthly returns calculated on the last business day of each month.
Index: MSCI AC World - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
Please note that performance is rebased to 100.
For additional information on the index and the fund’s inception date, please refer to the monthly report below. -
Rolling Net (%)
Annualised QTD YTD 1Y 3Y 5Y 10Y Inception Fund -3.6 -11.9 -1.5 7.8 - - 9.7 Index -3.0 -6.2 7.9 11.6 - - 10.6 Rolling Volatility (%)
Annualised 1Y 3Y 5Y 10Y Fund 12.3 14.4 - - Index 10.7 17.4 - - Calendar Year Past Performance (%)
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Fund - - - - - - 4.9 24.4 12.6 17.1 Index - - - - - - -4.8 28.9 6.7 27.5 Annual Performance (%) As At Quarter End
Q1 2017
-Q1 2018Q1 2018
-Q1 2019Q1 2019
-Q1 2020Q1 2020
-Q1 2021Q1 2021
-Q1 2022Fund - 19.5 -1.9 30.2 3.8 Index - 12.4 -9.2 44.3 13.3 Index: MSCI AC World - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
For additional information on the index and the fund’s inception date, please refer to the monthly report below. -
TOP 5 HOLDINGS
Company Name Weight (%) Microsoft 5.9 Eli Lilly 5.2 Alphabet A 4.9 Intuit 4.1 Johnson & Johnson 3.2 The above equity exposures are provided for information only, are subject to change and are not a recommendation to buy or sell the securities.
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Breakdowns based on Comgest data, GICS sector and MSCI country classifications.
Past performance does not predict future returns.
Performance figures are calculated net of investment management fees, administrative fees and all other fees with the exception of sales charges. If taken into account, sales charges would have a negative impact on performance.
Documents
View all documentsDetails
| Investment Manager | Comgest S.A. |
|---|---|
| Fund Name | COMGEST MONDE |
| Share Class | COMGEST MONDE Z |
| ISIN Code | FR0013290939 |
| Bloomberg Code | COMMONZ FP |
| Sedol Code | BF2PKT6 |
| Share Class Currency | EUR |
| Fund Base Currency | EUR |
| Share Class Distribution Policy | Accumulation |
|---|---|
| Hedged | No |
| UCITS | Yes |
| Share Class Inception Date | 13-Dec-2017 |
| Fund Domicile | FRANCE |
| Investment Management Fee | 1.05% |
| Ongoing charges | 1.32% |
| Maximum entry fee | 2.50% |
RISKS AND REWARDS
RISKS AND REWARD
Typically lower rewards
Higher Risk
Typically higher rewards
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This indicator represents the risk and reward profile presented in the Key Investor Information Document (KIID). See additional risk information in KIID. It is not guaranteed and may change during the month. The fund is aimed at investors with a long-term investment horizon.
MAIN RISKS
This fund has the following core inherent risks (non-exhaustive list):
• Investing involves risk including possible loss of principal,
• The value of all investments and the income derived therefrom can decrease as well as increase,
• There is no assurance that the investment objective of the fund will be achieved,
• When a Share Class is denominated in a currency that is different from yours, changes in exchange rates can negatively impact both the value of your investment and the level of income received.
A more detailed description of the risk factors that apply to the fund is set out in the Prospectus.
INVESTMENT TEAM
VIEW FULL TEAM
Laure Négiar joined Comgest in 2010 and is an Analyst and Portfolio Manager specialising in Global equities. She is also a non-executive member of the Board of Partners.
Laure co-manages Comgest's Global and EAFE (Global ex-US) strategies as well as the team’s segregated accounts. Before joining Comgest, she worked at BNP Paribas Equities & Derivatives in Paris and London, and prior to that worked in several roles within the US government.
Laure obtained a Bachelor’s degree in Public Policy from Stanford University (with Honours and Phi Beta Kappa) before graduating on the Dean's list with an MSc in Management from the HEC business school in France. She is also a CFA® charterholder.
Zak Smerczak joined Comgest in 2016 and is an Analyst and Portfolio Manager specialising in Global equities. He is also a member of the Comgest Group's Investment Committee.
Zak started his career in 2006 at Deloitte in London, initially in Assurance & Advisory Services before moving to Transaction Services where he was responsible for operational and financial due diligence. In 2011, Zak joined Mirabaud Asset Management where he worked as an Analyst covering global equities. In 2015, he moved to Polar Capital Holdings where he held the position of Analyst / Portfolio Manager for the firm’s global multi-asset income strategy.
Zak holds a Bachelor of Business Science Degree with Honours in Finance from the University of Cape Town. He is a CFA® charterholder and has been a member of the Institute of Chartered Accountants of Scotland since 2009.
Alexandre Narboni joined Comgest in 2009 and is an Analyst and Portfolio Manager specialising in Global equities. He is also a member of the Comgest Group's Investment Committee.
Alexandre is also responsible for developing and supervising Comgest’s Flex strategies, the firm's first investment strategies to employ hedging techniques with the objective of reducing volatility and drawdowns. He previously worked in the Group’s US equity team. Before joining Comgest, he worked in New York in asset-backed securities at Société Générale from 2005-2007 and then as a hedge fund credit Analyst at HSBC.
Alexandre graduated from the National School of Statistics and Economic Administration (ENSAE) in Paris and Columbia University in New York where he was awarded a Master’s degree in Financial Mathematics.
Richard Mercado joined Comgest in 2019 and is an Analyst and Portfolio Manager specialising in Global equities.
Before joining Comgest, Rick worked in London as a Portfolio Manager responsible for a North American equities fund with USS Investment Management and prior to that, as a Global Equities Portfolio Manager with F&C Investments. From 2001-2008 he worked in Australia, with Capital Partners as an Investment Analyst and with AMP Capital Investors as an Investment Strategist.
He holds a Bachelor of Science in Mathematics and a Bachelor of Commerce in Finance from the University of New South Wales. He is also a CFA® charterholder.
Investment Team listed above may include advisors from affiliates within the Comgest group.
Related Communications
WHEN THE GOING GETS TOUGH, THE TOUGH GET GOING: QUALITY GROWTH VERSUS CYCLICAL GROWTH IN BOOM AND BUST
For investors it makes sense to have patience in equity investing and to focus on the micro strengths of companies instead of macro ‘insights’ of the market at large.
WHEN GROWTH STALLS: ANTICIPATING A GROWTH INVESTOR's GREATEST CHALLENGE
Growth stocks naturally tend to command premium valuations to reflect their attractive earnings profile. While growth lasts, all is well. Any unexpected halt, however, can be painful as investor expectations are reset. Using Tesco as an example, this White Paper attempts to demonstrate how long-term investors can spot a future stall in order to sell out in time.
WHAT’S NOT GOING TO CHANGE: BUSINESS MODEL STABILITY IN AN AGE OF DISRUPTION
Change has been a human obsession for thousands of years. The concept of “planned obsolescence” intentionally pushes change on consumers whether they want it or not. And yet change is notoriously difficult to predict accurately. People have been making horrible predictions about change for as long as people have been making predictions.
IMPORTANT INFORMATION
This is a marketing communication. Please refer to the fund prospectus and to the KIID before making any final investment decisions. These documents are available at our offices free of charge and on our website at www.comgest.com. Our French funds’ prospectuses are available in French and may also be available in German. The KIIDs are available in a language approved by the EU/EEA country of distribution.
Tax applicable to an investment depends on individual circumstances. Depending on where you live, the fund may not be available to you for subscription. Consult your financial or professional adviser for more information on investing and taxation. The information provided does not constitute investment advice and it should not be relied on as such.
Comgest S.A. may decide to terminate at any time the arrangements made for the marketing of its UCITS.
Comgest S.A.’s complaints handling policy (which contains a summary of investor rights and information on redress mechanisms in the event of litigation) is available in English, French, German, Dutch and Italian on our website at www.comgest.com in the regulatory information section.
