January 2018


 

https://vimeo.com/252769154/5972af5ed3

Click here for a PDF version of the webcast presentation slides.

During the Dividend Builder Fund 4th Quarter webcast,  Portfolio Managers Dr. Ian Mortimer and Mr. Matthew Page discussed: 

  • Another strong quarter in 2017– MSCI World up 5.62% (total return in USD) – following positive returns in Q1, Q2, and Q3 
  • Regional quarterly performance broadly followed YTD trends with strong markets in Asia ex-Japan and Emerging Markets. However, Japan had strongest returns. 
  • IT, Materials, and Consumer Discretionary sectors leading the pack again, with Energy continuing its recovery alongside oil price rises.
  • Telcoms, Health Care, and Utilities noticeable underperformers
  • During the quarter, the top 5 performing stocks were: Wal-Mart Stores Inc, Hengan International Group Co Ltd, VF Corp, Microsoft Corp, Cisco Systems
  • During the fourth quarter, the bottom 5 performing stocks were: Merck & Co Inc, BAE Systems PLC, NEX Group PLC, Unilever PLC, Schneider Electric SE 
  • Changes made in the quarter:  bought Reckitt Benckiser and sold Coca-cola 

 

Holdings are subject to change.

For Investment Professional Use Only

 

Our website uses cookies to provide you the best, most relevant experience and personalized services, both on the GA Funds website and through other media. For more information please see our Privacy Policy.   Accept Cookies

X