September, 2023
The Loomis Sayles Global Equity Fund declined -0.2%, in AUD terms, slightly outperforming the MSCI All Country World Index (Net) which declined -0.4%. The Consumer Staples and Communication Services sectors were the largest contributors on a relative basis, as well as not having exposure to the Utilities sector. The Energy Sector was the largest detractor from relative returns, followed by the Health Care and Information Technology sectors.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/205899683.pdfJune, 2023
The Loomis Sayles Global Equity Fund returned 8.5% AUD net of fees, outperforming the MSCI All Country World Index (Net) return of 6.8% (also in AUD terms) for the quarter. Performance drivers were broad based, with the majority of sectors contributing to relative results. The Industrials sector was the largest contributor, followed by the Financials and Materials sectors. The Fund’s lack of exposure to the Utilities and Real Estate sectors also contributed to relative returns. Security selection in the Health Care sector was the largest detractor from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/202687655.pdfDecember, 2022
The Loomis Sayles Global Equity Fund returned 4.4%, slightly outperforming the MSCI All Country World Index (Net) return of 4.1% (in AUD terms). Security selection in the Information Technology sector was the largest contributor to relative results. The Financials, Industrials, and Materials sectors also contributed on a relative basis. The Consumer Discretionary sector was the largest detractor from relative returns, followed by the Consumer Staples sector. Not having direct exposure to the Energy sector also detracted from relative performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/195913060.pdfSeptember, 2022
The Loomis Sayles Global Equity Fund and the Loomis Sayles Global Equity Fund (Quoted Managed Fund) returned +0.2% (AUD, net of fees), modestly outperforming the MSCI All Country World Index which declined by -0.3% (also in AUD terms). Security selection in the Consumer Discretionary sector was the largest contributor to relative results. The Industrials, Communication Services and Health Care sectors also contributed on a relative basis. The Information Technology sector was the largest detractor from relative performance, followed by the Financials sector. The Fund’s lack of direct exposure to the Energy sector also detracted on a relative basis.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/191913373.pdfJune, 2022
The Loomis Sayles Global Equity Fund and the Loomis Sayles Global Equity Quoted Managed Fund declined -11.5% and -11.4% respectively, underperforming the MSCI All Country World Index. Security selection in the Consumer Discretionary sector was the largest detractor from relative results, followed by the Information Technology and Consumer Staples sectors. The Funds lack of direct exposure to the Energy sector also detracted on a relative basis. Security selection in the Materials, Financials and Industrials sectors contributed to relative returns.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/189281836.pdfSeptember, 2021
The Loomis Sayles Global Equity Fund returned 3.5% (AUD, net of fees), ahead of the benchmark. The Information Technology sector was the largest contributor on a relative basis, followed by the Communication Services and Health Care sectors. The Consumer Discretionary, Financials and Industrials sectors detracted from relative results. Not having direct exposure to the Energy and Utilities sectors also detracted on a relative basis
Our investment philosophy is predicated on the belief that investing in companies with multiple alpha drivers, where the risks can be quantified, can help deliver outperformance. We follow a disciplined and repeatable process, investing only in opportunities that meet our three alpha drivers: quality, intrinsic value growth and compelling valuation. This bottom-up approach results in a concentrated portfolio of businesses where we fully understand and have quantified the risks associated with each investment. Our scenario analysis, under which we determine a range of business values, is an integral part of this process. Through this framework, we determine the relative attractiveness of our investments to assist in constructing an optimal portfolio.
The economic outlook in large part continues to depend on the successful management of the pandemic on a global scale. While much of the developed world has made demonstrable progress in terms of infection rates, and some emerging markets have gained better control of the virus, there remain parts of the world which continue to struggle to manage the virus (e.g., Africa). The recent increase in vaccine production is positive; but with a lack of consensus on duration of antibodies and the potential for new variants uncertainty persists. The outlook is also reliant on the duration of fiscal and monetary support, and other relief packages, in the US and globally. Supply chain issues and inflation surprises remain risks. Thus, our focus remains on investing in companies we believe have the ability to successfully navigate the current environment and generate value over the longer-term
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/180203350.pdfJune, 2021
The Loomis Sayles Global Equity Fund returned 10.9% (net of fees in AUD terms) over the quarter, outperforming the MSCI All Country World Index return of 9.0% (also in AUD terms). Security selection in the Health Care sector, from companies like IQVIA and Danaher, was the largest contributor to the Fund’s relative performance. The Communication Services, Consumer Staples, and Industrials sectors also helped performance. The Fund’s holdings in Consumer Discretionary names like Airbnb and Alibaba weighed on performance as did the lack of direct exposure to the Energy and Real Estate sectors
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/174651372.pdfDecember, 2020
The Loomis Sayles Global Equity Fund rounded out a successful year with a solid return of 2.5% for the December quarter although the Fund lagged its benchmark for the quarter. The Fund’s underweighting to the Financials and Energy sectors weighed most heavily on performance while the Fund’s positioning in the Health Care and Consumer Staples sectors supported the Fund’s relative performance.
The three most significant contributors to performance were Peloton, M&T Bank, and HDFC Bank. The three largest detractors from returns were Alibaba, S&P Global, and Northrop Grumman.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/163763248.pdfasset_class: Foreign Equity
asset_category: Large Blend - Fundamental
peer_benchmark: Foreign Equity - Large Fundamental Index
broad_market_index: Developed -World Index
manager_contact_details: Array
ticker: IML0341AU
release_schedule: Quarterly
commentary_block: Array
factsheet_url:
https://investmentcentre.moneymanagement.com.au/factsheets/mi/q6uw/loomis-sayles-global-equity
Quick Links -> Provider’s own factsheet
fund_features:
Loomis Sayles Global Equity aims to provide a rate of return (after fees and expenses and before taxes) which exceeds the return of the Fund’s benchmark over a full market cycle.
- The Fund invests primarily in common stocks of companies globally.
- The Fund invests in the securities of companies with three alpha drivers: quality, intrinsic value growth and valuation. The Fund focusses on approximately 35-65 securities which demonstrate these three alpha drivers.
- The Fund employs a style agnostic approach to finding opportunities, therefore avoiding sub-optimal constraints of style box characteristics.
structure: Managed Fund