What is on your equity playlist?
Our video demonstrates how our approach to equity portfolios is similar to how you would create a playlist of your favorite songs.
Our equity investment philosophy
Key is owning more of the high conviction ideas
WTW GEFF investment philosophy. For illustrative purposes only.
Our investment philosophy is grounded in the belief that, whilst most active managers underperform net of fees, genuinely skilled managers, who excel in company analysis and stock selection, do exist and can generate alpha beyond their fees. Further, we can identify these skilled managers through rigorous research and due diligence.
We employ high active share and concentrated portfolios to maximise the impact of manager skill on returns. This approach is supported by academic research and our own empirical work. We also seek to exploit the full opportunity set across global equities to provide the greatest freedom to uncover the best investment opportunities. To mitigate investment risks and adverse manager selection, we employ multiple managers to bring diversity and resilience to the portfolio and diversify factor risks such as style, sector, and region. At WTW, we prioritise delivering value for money to our clients by leveraging our scale to reduce costs and using our relationships with managers to create bespoke, cost-effective products.
Differentiated approach
High conviction
GEFF aims to provide investors with access to concentrated global equity portfolios that are highly differentiated from the benchmark. The underlying 10 to 20 stock portfolios only contain investments in which the managers have the highest conviction.
Low fees
We are able to negotiate competitive fees due to our brand and scale from pooling our high quality investor base.
Risk control
In isolation the returns from one of these concentrated portfolios can be volatile. We aim to control the volatility by selecting managers that have complementary approaches. We manage risks at the total fund level to ensure that it is relatively style, sector and country neutral. This seeks to support stock selection primarily driving returns.
Sustainability
We integrate sustainable investing considerations within our processes, including manager research, manager selection, portfolio construction through our net zero commitment, and monitoring.
Investment objective
This fund seeks to outperform developed equity markets over the medium to long term across a wide range of market conditions. Relative risk, measured by tracking error, is expected to typically range between 2% to 4% per annum.
Expected return and risk considered under normal market conditions. Return is not guaranteed.
Fund facts
| Base currency | AUD |
|---|---|
| Fund inception date | 4 November 2019 |
| Subscriptions | Daily |
| Subscription timings | Completed application form and cleared funds prior to 2pm Australian Eastern Standard Time on subscription date |
| Minimum initial subscription | ”A” Units: AUD 5,000,000 “W” Units: AUD 1,000,000 |
| Redemptions | Daily |
| Redemption timings | 1 business day notice in Sydney. Cash paid by T+6 |
| Regulator | Australian Securities and Investments Commission |
| Fund arrangement | Registered Managed Investment Scheme |
| Responsible entity | The Trust Company (RE Services) Limited |
| Investment Manager | Towers Watson Australia Pty Ltd |
| Custodian and administrator | The Northern Trust Company |
| Registry | The Northern Trust Company |
Download fund documents
| Title | File Type | File Size |
|---|---|---|
| Product Disclosure Statement | 1 MB | |
| Reference Guide | 3.2 MB |
Disclaimer
This information has been prepared and issued by Towers Watson Australia Pty Ltd ABN 45 002 415 349 AFSL 229921 (“WTW”) as the investment manager of the WTW Australia Global Equity Focus Fund ARSN 635 077 100 (“Fund”). The Trust Company (Re Services) Limited ABN 45 003 278 831 AFSL 235150 is the responsible entity and the issuer of units in the Fund.
This document contains general information only and is not intended to provide you with financial product advice. It has been prepared without taking into account your objectives, financial situation or needs. Investments in the Fund may only be made using the application form provided with the Product Disclosure Statement (PDS) and any person seeking to invest in the Fund should consider the PDS prior to making any investment decisions. The PDS can be obtained for free by emailing WTW_investorservices@unitregistry.com.au or calling 03 9616 8612. If you require financial advice that takes into account your personal objectives, financial situation or needs, you should consult your licensed or authorised financial adviser. This information is only as current as the date indicated, and may be superseded by subsequent market events or for other reasons. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. All investments in the Fund contain risk and may lose value.
Neither WTW nor any company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) (“Perpetual”) guarantees the performance of the Fund or the return of an investor’s capital. Neither WTW nor Perpetual give any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document.
Please note that:
The value of all investments and the income from them can go down as well as up. This means you could get back less than you invested.
Past performance and simulated past performance are not reliable indicators of future returns.
Changes in exchange rates may cause the value of investments to decrease or increase.
Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future.
The securities and derivatives investment activities which the funds engage in, may be speculative and involve a substantial risk of loss.
Units or shares in the funds described herein may become illiquid and investors may redeem their investments only as stated in the funds’ prospectuses.
