Exposure to companies with a unique competitive advantage

What the IFP Global Franchise Fund offers

Seeking quality global equities exposure

With the potential for above index returns at lower risk

Defensive investing

Potential for protection in down markets

Leading companies

Concentrated exposure to some of the world's leading international companies

All investments carry risk. Different investments carry different levels of risk, depending on the investment strategy and the underlying assets. Generally, the higher the potential return of an investment, the greater the risk. The risks of investing in the fund include:

  • Investment risk: The fund has exposure to share markets. The risk of an investment in the fund is higher than an investment in a typical bank account or fixed income investment. Amounts distributed to unitholders may fluctuate, as may the fund’s unit price. The unit price may vary by material amounts, even over short periods of time, including during the period between a redemption request being made and the time the redemption unit price is calculated.
  • Market risk: Share markets can be volatile, and have the potential to fall by large amounts over short periods of time. The investments of the fund are likely to have a broad correlation with share markets in general, and hence poor performance or losses in domestic and/or global share markets are likely to impact negatively on the overall performance of the fund.
  • Concentration risk: The fund may have exposure to a small number of key investments. This may result in the returns of the fund being dependent on the returns of individual companies and industry sectors. This concentration of exposures may increase the volatility of the fund’s unit price, and increase the risk of poor performance. It may also result in the fund’s returns differing significantly from its benchmark.

For a full description of the risks of investing in the fund, you should read the Product Disclosure Statement before deciding to invest.

About the IFP Global Franchise Fund

Investment manager

Independent Franchise Partners LLP (IFP) is an employee-owned investment management firm established in June 2009.

IFP's founding partners previously managed the investment strategy at Morgan Stanley Investment Management. IFP is based in London and is regulated by the UK's Financial Conduct Authority.

IFP specialises in a single investment strategy which aims to identify companies capable of compounding shareholder wealth at superior rates of return over the long-term. The strategy uses strict value and quality criteria to evaluate potential investments.

Investment objective

The IFP Global Franchise Fund aims to achieve a long-term total return (before fees and expenses) that exceeds the MSCI World ex Australia Index, in $A unhedged, with net dividends reinvested (Benchmark).

Investment strategy

The fund provides exposure to a concentrated portfolio of global equities by investing in securities issued by companies IFP believes are high quality. IFP selects companies they believe have a primary competitive advantage supported by a dominant intangible asset, such as a brand, patent or licence.

IFP believes that investing in shares of high quality companies, trading at attractive valuations will earn superior returns and with less volatility compared to the Benchmark.

How the IFP Global Franchise Fund works

The fund's investment approach is founded on the belief that a concentrated portfolio of exceptionally high quality companies will earn attractive long-term returns with less than average absolute volatility. The fund looks to invest in companies whose primary competitive advantage is supported by a dominant intangible asset, such as a brand, patent or licence.

IFP believes these intangible assets will help to protect the company from competition maintaining the pricing power in their products. This, in turn, should assist them to continue to generate stable profits across a variety of market conditions. The businesses selected also tend to have robust long-term track records and strong management teams.

You can also choose to invest in a hedged version of the fund. Macquarie will use currency hedging to reduce the fund's exposure to foreign currency movements.

Fund information

 IFP Global Franchise Fund
APIR code MAQ0404AU
Inception date 17 November 2004
Minimum investment timeframe 7 years
Distribution frequency Generally annually
Management fee 1.38% pa of the net asset value of the Fund
Minimum investment $20,000
Performance reports View monthly performance report.
View client quarterly fund snapshot.
Flyer Learn more about the benefits of the Fund.

Awards and recognition

The Fund has been recognised for excellence, recently receiving industry awards:

  • Winner – Best International Share Fund – Money magazine Best of the Best Awards 2017
  • Winner – Best International Share Fund – Money magazine Best of the Best Awards 2016
  • Winner – Best Global Equities Fund (Broad Cap) – Lonsec/Money Management Fund Manager of the Year Awards 2016

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