Intermede Global Equities Fund

"We have a single focus – global equities – as we believe this will deliver the best outcomes for our clients"

FUND FACTS


APIR code
PPL0036AU
Inception date
20 March 2015
Minimum initial investment
$20,000
Minimum additional contributions
$1,000
Management costs
1.25% per annum
(including GST, net of Reduced Input Tax Credit)
Buy/Sell spread:
0.15% on application
0.15% on withdrawal
Benchmark
MSCI All Country World Index
(net dividends reinvested) (A$)
Typical number of stocks
40–50
Minimum suggested investment timeframe
7 years
Risk level (expected volatility)
High
Currency hedging
The Fund is not hedged to the Australian dollar
Valuation and pricing
The unit price for the Fund is usually calculated as at the end of each NSW business day
Distribution frequency
Annual
Investment objective
The fund aims to deliver a return that exceeds the MSCI All Country World Index (Net Dividends Reinvested) (A$) (the Benchmark), before fees, over 7 year periods.
Investment philosophy
Intermede believes that companies with good management and strong market positions in attractive industries will outperform if their shares are bought at the right price.
Investment approach
The team engages in intensive bottom-up research to find investment opportunities in mid and large capitalisation companies, across developed and emerging markets.
The Fund is a concentrated portfolio of approximately 40–50 companies.
Intermede looks for companies that meet some or all of the following criteria:
  • - a sustainable competitive advantage eg a dominant position in their industry
  • - a superior business model eg their costs grow more slowly than revenue
  • - an excellent management team eg proven track record and clear strategy for growth, and
  • - a price lower than Intermede’s valuation for the company.
Why Intermede?
Prior to establishing Intermede, most members of the investment team worked together, applying a consistent investment approach to managing global equity funds. They bring this same approach and philosophy to their new business and fund.
1 Investment expertise
Intermede uses an investment approach that the Portfolio Manager has applied to managing global equities funds for many years, through many types of market conditions including the global financial crisis. Intermede believes that by using this investment approach, the Fund can outperform its Benchmark.
2 Focuses on long-term growth
Intermede buys companies for the Fund with the intention of holding for the long term.
3 Single investment strategy
The team has a single focus – global equities – as they believe this will deliver the best outcomes for clients.
The Fund may be suited to you, if you…
  • - want to invest in a portfolio of companies from around the world managed by a specialist global equities manager
  • - want to invest in a portfolio focused on long-term capital growth
  • - can tolerate fluctuations of income and the risk of capital loss, and
  • - are comfortable having foreign currency exposure ie currency risk.

Videos

On the hunt for quality stocks in volatile markets with Intermede

09/05/2016

09 May 2016 - Intermede CEO Barry Dargan and Investment Analyst James Kim discuss the search for value in subdued markets, the growth slowdown and how their portfolio is positioned.

Navigating the global equities universe

20/08/2015

20 Aug 2015 - Intermede Investment Partners, CEO and Portfolio Manager, Barry Dargan sheds light on Intermede’s measured stock selection process while traversing the vast global equities universe and touches on how this can drive performance

Investment team


Intermede’s team of highly motivated and specialised global equity analysts have extensive investment experience and most members have worked together previously. The team of one portfolio manager and three investment analysts are supported by an investment associate.
 
Barry Dargan Barry Dargan
Portfolio Manager
Barry is the lead portfolio manager and has 30 years’ experience as an investment professional, 12 years of which were as a global equity portfolio manager. Prior to Intermede, Barry was partner, managing director and portfolio manager at Artisan Partners in London. He also worked in London, Boston and Tokyo during his 14 year tenure at MFS Investment Management.
Nicholas Midgley Nicholas Midgley
Investment Analyst
An investment analyst focussed on the capital goods sector, Nicholas has eight years of investment experience. Previously working at Artisan Partners in London, Nicholas was a global sector analyst. He also covered European capital goods as an analyst at Jeffries, London.
Chris Smith Chris Smith
Investment Analyst
Chris is an investment analyst with 15 years’ investment experience and covers consumer sectors. Working alongside Barry at Artisan Partners in London, he was a global sector analyst. Prior to this he worked for investment managers in the US covering drug retail and healthcare distribution, global consumer sectors and consumer finance companies.
 
James Kim James Kim
Investment Analyst
James is an investment analyst covering technology stocks and has 15 years of investment experience working in New York and Tokyo. Prior to Intermede, James worked for Fidelity Management Research in Japan.
Charles Cooper Charles Cooper
Investment Associate
An investment associate, Charles completes the team’s research capability. Previously employed at Berenberg Bank in London he covered biotech/mid cap pharmaceutical companies.
How to invest
An investment in the Fund can be made directly through the Product Disclosure Statement available at www.nabam.com.au/intermede
CONTACT US
Website
www.nabam.com.au/intermede
Client services
1300 738 355
Email
info@nabam.com.au
Adviser services
Contact your NAB Asset Management Investment Specialist
Important notice:
This information is issued by Antares Capital Partners Ltd ABN 85 066 081 114, AFSL 234483 (‘ACP’), as the Responsible Entity of the Intermede Global Equities Fund (‘the Fund’). This information is general in nature and does not take account of your individual objectives, financial situation or needs. Before making a decision to invest in the Fund you should read the current Product Disclosure Statement and Product Guide (‘PDS’) and, with the assistance of a financial adviser, consider if it is appropriate for your circumstances. A copy of the PDS is available at www.nabam.com.au/intermede or by phoning Client Services on 1300 738 355. An investment in the Fund does not represent a deposit with or a liability of National Australia Bank (NAB) and is subject to investment risk including possible delays in repayment and loss of income and capital invested. Neither ACP nor any other member of the NAB Group guarantees the repayment of your capital, payment of income or the performance of your investment. NAB does not provide a guarantee or assurance in respect of the obligations of ACP, the Fund or Intermede Investment Partners.

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