asset_category:
peer_benchmark:
broad_market_index:
manager_contact_details: Array
ticker: GFL
release_schedule:
structure: Listed Investment Company
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fund_features:
The Global Masters Fund (GFL) is an investment company listed on the ASX. The company was created to provide investors with access to quality global assets, such as Berkshire Hathaway A Stock. Berkshire Hathaway is the primary investment for the company, however given Berkshire Hathaway doesn’t pay any dividends, the company also invests in other assets to earn dividend income to cover expenses. The Company seeks to achieve moderate to high portfolio returns over the long-term through investment in global listed investment companies with a history of profitability and a superior growth profile.
- The portfolio is managed by the Board of Directors. Historically, GFL has not sought other investment opportunities, but the proceeds of an October 2017 equity raising have been invested in UK listed small and mid-cap companies.
- The currency exposure is unhedged, therefore investors are exposed to movements in the Australian dollar compared to the US dollar and the British Pound.
- To help generate cash to pay costs, GFL also has a 8.8% weighting to Australian LIC, Flagship Investments (FSI).