Loading...
Loading...
Menu

The Equitile Global Equity Fund (Ireland-domiciled ICAV) follows the same strategy and principles as the UK domiciled Equitile Resilience Fund. 

Equitile Global Equity Fund

Latest Overview - April 2022  (Print version: GBP ClassUSD ClassEUR ClassNOK Class)

The global economy and hence financial markets have been buffeted by a series of interconnected negative events during April. The tentative signs of a negotiated peace in Ukraine, which seemed possible last month, have come to nothing. Instead, positions on both sides have hardened with, worryingly, a growing risk of NATO or at least NATO members getting drawn into the conflict. In addition, large economically important parts of China have been placed under another lock down over fears of a resurgence of the Covid-19 virus. Both these events have come together to add additional upward pressure on global inflation. Europe’s attempts to decouple from Russian exports together with Ukraine’s diminished agricultural output are causing shortages in energy, metals and agricultural commodities. At the same time, China’s lockdown is causing supply disruption in finished goods. As a result, the global economy is suffering both input and output price inflation simultaneously with curtailed activity. In short, the world economy has, at least temporarily, turned stagflationary.

Against this backdrop we have made some adjustments to your portfolio by further increasing your exposure to the mining and energy sectors and trimming your investments in the semiconductor sectors. Anglo American, the diversified mining company is now your third largest investment.

Against the negative macroeconomic and geopolitical backdrop, equity markets and your portfolio valuations have declined during April. Nevertheless, the underlying businesses in which you are invested have continued progressing at a healthy rate. So far in the Q1 reporting season, 77% of portfolio holdings have exceed expectations with their financial performance. Q1 2022 average revenue growth currently stands at 17.9% year-on-year, which is still above the six year historic average for your fund. Portfolio constituents are also generally reporting that they are working well in partnership with their suppliers to outmanoeuvre input disruptions.

The information available on this website with respect to the Equitile Global Equity Fund (the “Fund”), a fund of Prescient Global Funds ICAV, is intended for UK residents (the “Intended Audience”). The Website is not intended for investors domiciled or with a registered office in the European Economic Area (“EEA”).

The information on this website with respect to the with respect to the Fund is for the purposes of review by the Intended Audience it is not intended to be the making of a direct or indirect offering or placement of units or shares of the Fund to investors domiciled or with a registered office in the EEA.

By clicking “Accept” you confirm that you have read the above risk warnings and agree that you are part of the Intended Audience.

AcceptDecline

Register

Here at Equitile we take your privacy seriously and will only use your personal information to send you monthly fund reports, news and marketing updates regarding Equitile and its funds. If you would like to receive monthly fund reports, news and marketing updates by email please fill out the form below:

Should you no longer wish to hear from us you can let us know at any time and asked to be removed from our database. You can find the details of how we process, store and protect your personal data at http://equitile.com/uploads/equitile-privacy-policy-may-2018.pdf

Register

Thank you for subscribing.