Dave Foord Presentation

Dave Foord presented at Foord’s biannual Mind of the Manager roadshow for financial advisors. The presentation was themed on the imminent 10th anniversary of Foord’s flagship best investment view SA fund, the Foord Flexible Fund.

Portfolio Management Team Update

Foord’s multiple-counsellor system allocates the management of each investment portfolio to two or more portfolio managers. The firm annually reviews the optimal fund manager complement, considering the skill set available and capacity of the individual managers. We provide an update on the 2018 team.

The Year In Review

Politics has always impacted financial market outcomes, but in 2017 the effects were particularly acute. This dynamic was not isolated to any specific region but was manifest across the globe, perhaps indicating an inflection point in the world order. NICK CURTIN reviews the major events and market outcomes of 2017.

FOREWORD | ISSUE 45 | 1st QUARTER 2018

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FOREWORD | ISSUE 44 | 4th QUARTER 2017

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Steinhoff Allocation In Foord Investor Portfolios

The resignation of Markus Jooste as CEO of Steinhoff, disclosure of potential accounting irregularities and delay in the publication of Steinhoff's audited financial year-end results caused a calamitous fall in the Steinhoff share price. At this stage details are vague. Foord’s exposure to Steinhoff was mandate dependent, in keeping with Foord’s investment approach to match investment risk to the investment objective and to own assets that suit the investor’s profile and time horizon.

FOREWORD | ISSUE 43 | 3rd QUARTER 2017

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A Long-Term View Of The Rand

We are frequently asked, “Where do you see the rand going?” The question is valid because investors wish to preserve and grow their investments in rand and dollar terms, an attainable long-term objective. WILLIAM FRASER explains why it’s critical to take a long-term view of the rand.

RBC Migration: Further Information

As recently communicated, the administrator for all the Foord global and international funds will change to RBC Investor & Treasury Services (RBC) from 1 July 2017. This announcement contains further information for investors.

Consolidation Of Offshore Service Providers

By way of introduction, Foord Asset Management (Guernsey) Limited established the Foord International Trust (FIT) in Guernsey in 1997. In 2012, Foord Asset Management (Singapore) Pte. Ltd was established as an investment research office and launched the Foord Global Equity Fund (FGEF) in Singapore. Foord Asset Management (Foord) then mirrored the FIT and FGEF investment strategies in two UCITS-compliant sub-funds of Foord Sicav in Luxembourg, Europe’s leading cross-border funds market. Unlike FIT and FGEF, these UCITS Funds are eligible for distribution in all EU markets.