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 - February 2023  (Print version: GBP ClassUSD ClassEUR ClassNOK Class)

During the month we have reduced and diversified your investments in the Luxury Goods sector, trimming your holdings in both LVMH and Hermes while increasing your investment in Richemont; owner of, amongst others, the Cartier and Van Cleef & Aprels brands. We have used the proceeds of these changes to increase your investments in the Aerospace and Defence sector.

February has witnessed the first anniversary of Russia’s invasion of Ukraine, regretfully, that conflict looks set to continue for the foreseeable future. As a result, weapons systems will need replacing and, military expenditure, as a percentage of GDP, will likely rise over coming years. Elsewhere in the economy, we have observed a marked downshift in revenue growth for companies reliant on private sector spending where inflation and higher debt service costs are eroding real disposable income. On the other hand, order books in the Aerospace and Defence sectors suggest strong future revenue and earnings growth. 

The recent relaxation of Covid lockdown restrictions in China appears to be unleashing the expected economic boost through pent-up-demand spending. The timing of this development represents a welcome counterbalance to the weaker demand from European and US economies. We believe your portfolio is well positioned to benefit from stronger Chinese growth through its investments in in the Energy, Mining and Luxury Goods sectors.

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.



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