Ninety One brings new wholesale fund to Aus market

Yasmine Raso

Senior Journalist, Financial Newswire

29 October 2024

Global active asset manager, Ninety One, has boosted its offering for wholesale investors with the launch of its Global Franchise Fund in Australia.

The broader Global Franchise Strategy, managed by Ninety One’s Head of Quality, Clyde Rossouw, has secured more than AUD$32.2 billion in assets under management (AUM), providing investors access to a select number of “high quality, attractively valued, well-run companies” carrying strong balance sheets and market positioning, including Visa, semi-conductor supplies company ASML and Microsoft.

Backed by a robust research process and investment team, the portfolio also features a low carbon footprint and seeks to generate “durable, defensive and differentiated” alpha over the long-term.

“The market undervalues the ability of quality companies with enduring competitive advantages, disciplined capital allocation and a focus on sustainability to deliver persistently high or improving cash flows and returns on invested capital,” Justin Cowper, Head of Institutional, Asia Pacific and Middle East at Ninety One, said.

“Global Franchise seeks to invest in a concentrated portfolio of high-quality businesses with exceptional characteristics which enable them to compound free cash flows over long periods.

“The launch of Global Franchise to the Australian wholesale market will be beneficial to professional investors because we believe that an active quality approach, driven by proprietary fundamental analysis and engagement, is best placed to compound shareholder value over the long term, while reducing the risk of a permanent loss of capital.”