New Products
New Dominion Fund Goes For Global Trends

Guernsey-based
Dominion Fund Management today announced it
is rolling out its Dominion Global Trends Strategic Fund, a
portfolio aiming to
tap into global trends in a way that bypasses traditional asset
allocation
thinking.
The fund, officially launched on 24 September, is managed by
Arjen Los, Dominion’s chief
investment officer. The fund selects stocks from a universe of
around
150 securities; it has identified 10 sectors which it sees as
likely to make
returns: agriculture; health, consumer discretionary spending;
infrastructure
& logistics; consumer staples; metals & mining; energy;
technology
& telecoms, finance & commerce and water.
“The dynamic rise of eastern economies is an established
fact and a two-speed global economy of global growth in the
developed countries
and faster growth in rapidly developing economies is now the `new
normal’.
These global shifts have created some exciting worldwide
investment
opportunities,” Los said in a statement.
Dominion already has a Global Trends Consumer Fund (formerly
known as the “CHIC” fund), targeting trends such as the growth of
an affluent,
brand-conscious middle class in emerging markets. Launched in
June 2007, that
fund has delivered cumulative returns (in sterling) since the
start of 2012 of 6.7
per cent, against a gain of 3.5 per cent for international
equities. It has a
five-year return performance of over 27 per cent, comfortably
ahead of
international stocks (Source: Trustnet.)
The fund focuses on holding international firms that derive
the bulk of their earning power in fast-growing economies; the
exact domicile
of a business – such as Switzerland’s
Nestlé – is far less important. (In the case of the Swiss food
manufacturer,
its Swiss location is almost irrelevant.)
The fund is a sub-fund of Dominion Global Trends SICAV plc
and is compliant with UCITS IV structures; it is regulated by the
Malta
Financial Services Authority and recognised by CONSOB in Italy
and the
Monetary Authority of Singapore. Share classes in the fund are
available in
euros, sterling and the dollar. The minimum initial investment is
£2,000 ($3,129) and
the fund carries an initial charge ranging from zero to 6.5 per
cent, depending
on the share class. (In
the UK, the fund has a post-RDR share class with a zero initial
charge.
There is also a sterling “R” share class with an initial charge
of up to
5 per cent - but all of that charge goes to the introducer. The
6.5 per cent charge is for international share classes where the
model is different to within the UK.)
The fund is benchmarked against the MSCI World (Sterling) index.
Dominion was launched in 2004 and oversaw $470 million of
client money as at 30 June this year.