IFP Global Franchise Fund
Macquarie Professional Series
Features and benefits
The IFP Global Franchise Fund provides you with a unique investment strategy to diversify your portfolio by investing in international shares, typically in Europe and North America. The Fund holds a portfolio of between 20 to 40 global stocks and offers:
- Exposure to high quality businesses with high free cash flow and dominant intangible assets such as brands, patents, licences and distribution agreements
- An actively managed portfolio with a strong bias towards value and capital preservation
- Low turnover, buy and hold approach
The investment strategy of the IFP Global Franchise Fund may suit investors looking for long term growth, seeking to invest for five years or longer. The minimum application for the IFP Global Franchise Fund is $20,000.
About IFP
Independent Franchise Partners LLP (IFP) is an employee-owned, investment management firm established in June 2009. The firm specialises in a single investment strategy which aims to identify companies capable of compounding shareholder wealth at superior rates of return over the long-term.
The strategy uses strict value and quality criteria to evaluate potential investments. The firm’s founding partners previously managed a similar investment strategy at Morgan Stanley Investment Management.
IFP’s investment process sees them focusing on companies that they believe demonstrate exceptional quality and value. Such companies will exhibit key strengths such as:
- possession or control of dominant intangible assets (successful brands, patents, licenses, copyrights and distribution networks), which can be difficult for competitors to replicate;
- financial strength and growth potential;
- a reliable and recurring revenue stream;
- high free cash flow generation;
- capable management.
The companies that IFP invests in are usually found in sectors such as branded consumer goods (eg food, cosmetics, beverages), pharmaceuticals, media and advertising (eg publishing, broadcasting, information services) and franchised services (eg automotive, business services). IFP typically invests in developed countries with a strong culture of public share-ownership.
More information
| Fund Name | IFP Global Franchise Fund |
| Investment manager | Independent Franchise Partners (IFP), London |
| Investment objective | To seek to achieve attractive long-term returns by investing in international shares. IFP's Global Franchise strategy focuses on quality and value in absolute terms, which means that the Manager does not use a benchmark index for portfolio construction. |
| Investment approach | The Fund focuses only on high quality businesses with high free cash flow generation and dominant intangibles such as brands, licences and distribution agreements. The portfolio generally holds 20 to 40 companies with low turnover. The Fund focuses on reducing absolute risk by managing overall volatility. |
| Asset allocation |
International shares: 90%-100% Cash: 0%-10% |
| Inception date | 17 November 2004 |
| Benchmark | MSCI World ex Australia Accumulation Index (unhedged) in AUD. |
| Number of stocks | Generally 20-40 |
| Portfolio turnover | Approximately 15% per year |
| Management fees | 1.38% p.a. (inclusive of GST) |
| Buy/sell spread | +0.38% / -0.22% |
| Entry fee | Nil |
| Exit fee | Nil |
| Suggested minimum investment timeframe | At least 5-7 years |
| Minimum investment | $20,000 |
| Distributions | Paid annually as at 30 June. If any |
Brochures and forms
Macquarie Professional Series
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Did you know...
You can invest your super in international shares with SuperOptions, your simple but flexible superannuation plan.
Looking to diversify your portfolio?
Speak to a Macquarie Private Wealth adviser to gain exposure to international shares.