January 2018 


 

https://vimeo.com/252772318/2dbdc2bce0

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

During the Global Innovators Fund Webcast,  Portfolio Managers Dr. Ian Mortimer and Mr. Matthew Page discussed:  

  • The fourth quarter was another strong quarter – MSCI World Index was up 5.62% (total return in USD) following positive returns in Q1, Q2, and Q3
  • IT, Materials, and Consumer Discretionary sectors lead the pack again, with Energy continuing its recovery alongside oil price rises.
  • Telcoms, Health Care, and Utilities noticeable underperformers
  • Changes made to the portfolio: we sold our position in Schlumberger and bought Anta Sports
  • During the quarter, top 5 performers were WisdomTree Investments, Intel Corp, Nike Inc, FANUC Corp, and Boeing
  • The bottom 5 performers were VeriFone Systems Inc, Check Point Software Technologies, Schlumberger, Schneider Electric SE, Cognizant Technology Solutions Corp
  • IT sector has outperformed MSCI World index since December 2010, with significant divergence in performance amongst tech industries. 

 

Source: Guinness Atkinson Asset Management, Bloomberg (12.31.2017)

Holdings are subject to change.

For Investment Professional Use Only

 

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