IFP Global Franchise Fund (Hedged)
Macquarie Professional Series
Features and benefits
The IFP Global Franchise Fund (Hedged) invests into the IFP Global Franchise Fund which holds a portfolio of approximately 20 to 40 global stocks.
The IFP Global Franchise Fund (Hedged) offers:
- Exposure to high quality businesses with high free cash flow generation 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
- A low turnover, buy and hold approach
- Macquarie will substantially hedge the Fund's exposure to international assets back to Australian dollars.
The unique 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; and
- capable management.
The companies that the Manager 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). The Manager 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 LLP, London |
| Investment objective | To seek to achieve attractive long term returns by investing in international shares. The strategy focuses on quality and value in absolute terms, which means that the Global Franchise investment team does not use a benchmark index for portfolio construction. |
| Investment approach | The fund seeks to invest only in the highest quality businesses with high free cash flow generation and dominant intangible assets such as brands, patents, licences and distribution agreements. |
| Asset allocation |
International shares: 90% to 100% Cash: 0% to 10% |
| Minimum investment | $20,000 |
| Distributions | Paid annually as at 30 June. If any |
| Applications | Daily |
| Withdrawals | Daily |
| Entry Fee | Nil |
| Exit Fee | Nil |
| Inception date | 23 November 2009 |
| Benchmark | MSCI World ex Australia Accumulation Index (hedged) in AUD |
| Number of stocks | Generally 20-40 |
| Portfolio turnover | Approximately 15% per year |
| Buy/Sell spread | +0.43%/-0.27% |
| Management fee | 1.38% p.a. (inclusive of GST) |
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.
