AFM Fund Profile — Nikko AM Global Share Fund

Fund & Manager Details

Key Facts

Fund Type: Single Discretionary/Quantitative: Combination
Strategy: Multi Strategy FUM (millions): AU$303m
Style: Growth Fund Inception Date: Since 01 November 1995
Geographic Mandate: Global Latest Return Date: February 2024
Fund Domicile: Australia Investor Type: Wholesale & Retail
Status: Open Reporting Status: Current

Manager Details and Fund Description

Manager: Nikko Asset Management Australia Total FUM for all funds: US$10,995m
Manager Overview:
Nikko AM Australia offers investors the benefits of extensive global resources combined with the local expertise and long-standing experience of our Sydney based investment teams, with a history dating back to 1987. The company manages assets for retail and institutional clients across Australia.

Nikko AM Australia is owned by Tokyo-based Nikko Asset Management Co., Ltd., one of Asia's largest asset managers, providing high-conviction, active fund management across a range of Equity, Fixed Income and Multi-Asset strategies. Established in 1959, Nikko Asset Management has offices across 11 countries and enjoys one of the largest distributor networks in the Asian region, serving both retail and institutional clients.

The firm's extensive footprint across the Asia-Pacific region includes local offices in Tokyo, Singapore, Hong Kong, Sydney, Melbourne and Auckland, and provides an extraordinary depth of expertise in the local issues that drive investment performance globally. In addition, they gain valuable insights from affiliates in China, India and Malaysia. Offices in New York and London provide support to investors in the US, Europe and the Middle East, as well as expertise in global markets.

Nikko Asset Management Australia offers investors the benefits of a large organisational infrastructure with extensive global resources, combined with the local expertise and experience of Australian investment managers based in Sydney.
Fund/Strategy Overview:
Nikko AM acquired the Global Equity team in August 2014 from Scottish Widows Investment Partnership (SWIP). The team is based in Edinburgh, Scotland and has been successfully integrated within Nikko AM. The Nikko AM Global Share Fund aims to achieve capital growth over the long term.

The Fund gains exposure to global equities by investing in the Nikko AM Global Equity Fund*. The Global Equity team of Nikko Asset Management Europe is the investment manager of this Strategy. The Strategy will hold between 40-60 stocks, weighted to reflect the alpha conviction in individual holdings. The Global Equity team's investment objective is to identify, through in-depth research, a focused number of companies that will deliver superior investment returns over the longer term, and to weight accordingly those holdings that the team believes have the highest conviction in delivering the most significant returns.

The Global Equity investment team comprises six dual role portfolio managers/analysts, with an average of 19 years' industry experience. The team was created, and is led by, William Low. The investment process and proprietary ranking tool currently used was developed by William and the team and has evolved over the last decade. The current Nikko AM Global Equity team was formed in March 2011, whilst at SWIP, using the same investment process to manage Global equities. The skills the team used in developing a clear and differentiated investment process have been preserved at Nikko AM, and have thus established a tried and tested capability in managing global active equities.

* a sub-fund of the Nikko AM Global Umbrella Fund which is an open ended investment company registered under Luxembourg law as a 'societe d'investissement a capital variable' (SICAV)
Other funds operated by manager:
Nikko AM ARK Global Disruptive Innovation Fund

Investment Details

Investment Terms

Minimum Investment: Minimum Additional Investment: Minimum Term: Investment Frequency:
AU$250 AU$1,000 1 Months Daily
Regular Savings Option: Regular Savings Min. Amount : Regular Savings Max. Amount : Regular Savings Freq.:
Yes AU$250 Monthly 
Redemption Notice: Redemption Frequency: Notes:
30 Days Daily
Minimum balance $20,000.
Distributions: Distribution Frequency: Last Distribution Date: Last Distribution Amount:
Yes Quarterly 30 June 2015 AU$

Structure

Offshore/Onshore: Fund Structure: Share Classes: Trustee/Responsible Entity:
Offshore Unit Trust AU$ N/A
Administrator: Prime Broker: Custodian: Legal:
BNP Paribas Securities Services N/A BNP Paribas Securities Services Nikko AM

Fund Fees

Management Fee: Performance Fee: High Water Mark: Hurdle:
1.2% 0% N/A N/A
Buy Spread: Sell spread: Early Redemption Fee: Fees Notes:
0.150% 0.150% No

Performance & Risk

Returns

Latest Return Date: Latest Result: Fund Inception Date: Annualised Return:
February 2024 8.29% 01 November 1995 8.62%
Latest 3 Months: Latest 6 Months: Latest 12 Months: Latest 2 Years p.a.:
16.72% 12.67% 24.31% 10.68%
Latest 3 Years p.a.: Latest 4 Years p.a.: Latest 5 Years p.a.: Latest 7 Years p.a.:
10.29% 12.10% 13.36% 14.56%

Performance Statistics

% Positive Months (S.I.): Average Return: Average +ve Return: Average -ve Return:
60.24% 0.75% 3.03% -2.69%
Best Month: Worst Month: Up Capture Ratio (S.I.): Down Capture Ratio (S.I.):
9.78% -9.35% 89.04% 99.01%
Largest Drawdown (S.I.): Longest Drawdown (S.I.): Current Drawdown (%): Current Drawdown (Months):
-48.38% 156 months 0.00% N/A

Risk

Annualised Standard Deviation (S.I.): Downside Deviation (S.I.): Sortino Ratio (S.I.): -
12.12% 8.15% 0.56 -
Sharpe Ratio (12 months): Sharpe Ratio (3 years): Sharpe Ratio (5 years): Sharpe Ratio (S.I.):
1.61 0.71 1.04 0.43
Please note, Sharpe and Sortino ratios are calculated using the Australian Risk Free Rate

Ranking, Research & Availability

Fund Quintile in its Peer Group (Equity Alternative - Global) as at February 2024

AFM's Quintile Rankings show performance and Key Performance Indicators (KPI's) of Nikko AM Global Share Fund compared to a peer group of funds with a similar strategy and geographic mandate. Each green square places a fund in one quintile (or 20%) of its peer group - five indicating that the fund is in the top (best) quintile for the corresponding KPI.

As a reference point the equivalent "quintile" performance of the peer group's underlying market index is also indicated by the red dot.

1 Year
3 Year
5 Year
7 Year
Nikko AM Global Share Fund
All Countries World Index (AUD)

External Research and Ratings: As reported by each Fund Manager.

Morningstar Analyst Rating: Bronze, April 2020
Lonsec: Recommended, February 2020
Zenith: Recommended, November 2019

Availability:As reported by each Fund Manager.

Available on Investment Platforms:
BT Wrap, OneVue, Netwealth, MLC Wrap, AMP MyNorth, BT Panorama, MLC Navigator, Mason Stevens, Praemium

News & Insights

Assessing the impact of green bonds
5 Apr 2024 - Nikko Asset Management
Which metrics matter most to green bond investors?
Read more...
China and India's contrasting inflation front
16 Nov 2023 - Nikko Asset Management
One faces deflationary pressures, while the other copes well with elevated inflation.
Read more...
Climate change solutions in Japan
21 Sep 2023 - Nikko Asset Management
We have no option but to look up and take stock of global warming. "Hottest on record" is on repeat. In scenes now repeated every summer, not a day seems to go by without headlines of record-high heat somewhere on...
Read more...

Fund Documents

Manager's Report

Product disclosure/IM



Fund Performance

Historical Performance (all figures shown here are net of fees unless otherwise stated)

Year Jan % Feb % Mar % Apr % May % Jun % Jul % Aug % Sep % Oct % Nov % Dec % YTD %
2024 5.67 8.29 N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R 14.43
2023 0.97 1.54 1.90 4.57 -0.75 2.17 -0.25 2.36 -4.31 -2.39 3.35 2.00 11.37
2022 -5.07 -5.87 -0.61 -3.10 -0.15 -3.23 6.12 -3.24 -2.97 6.28 1.48 -3.88 -14.11
2021 -0.39 0.90 3.56 4.39 0.53 2.77 5.14 3.57 -4.48 1.28 2.35 1.78 23.19
2020 4.47 -3.02 -6.24 3.49 3.58 1.55 2.12 3.42 0.33 1.61 4.32 2.14 18.63
2019 3.98 6.07 2.36 4.20 -2.27 5.60 2.92 -0.30 -0.61 -0.75 5.88 -0.78 29.10
2018 2.96 1.41 1.50 3.83 0.93 1.99 0.99 6.47 -1.27 -5.69 -0.01 -4.58 8.20
2017 -1.99 0.98 1.35 4.11 3.22 -1.65 -0.99 1.21 3.53 3.68 2.91 -2.25 14.71
2016 -4.11 -0.80 -1.05 0.67 7.21 -4.99 2.67 2.01 -1.01 -2.00 3.56 3.36 4.97
2015 4.68 4.32 1.48 -2.15 5.46 -2.80 6.94 -3.08 -1.48 4.01 -1.79 -1.62 14.04
2014 -1.40 2.15 -2.65 0.52 2.47 0.86 0.85 1.47 3.71 -1.26 6.48 2.52 16.52
2013 4.98 1.84 -0.20 3.56 7.52 0.85 7.33 0.01 1.13 1.96 5.15 3.83 44.77
2012 0.28 3.89 4.17 -0.93 -0.66 -1.54 0.20 2.69 2.33 -0.22 0.69 1.89 13.35
2011 3.24 0.20 -0.53 -0.90 1.41 -2.22 -3.19 -3.42 0.38 0.91 1.08 1.91 -1.36
2010 -2.70 0.61 2.96 -1.59 0.68 -2.01 -0.05 -1.22 0.29 2.76 0.05 -0.28 -0.66
2009 3.18 -7.89 -2.35 2.52 0.82 -0.65 4.56 0.54 0.13 -2.66 2.80 4.64 5.04
2008 -9.35 -4.28 0.61 2.91 1.18 -7.94 -0.68 7.74 -5.45 -3.78 -5.80 -3.28 -25.78
2007 2.57 -2.11 -0.82 0.91 3.82 -2.80 -2.83 5.29 -3.52 -1.15 0.56 -0.47 -0.97
2006 1.80 1.49 6.79 -3.13 -2.98 1.12 -2.84 2.64 3.12 -0.13 0.87 2.07 10.89
2005 -1.22 0.61 0.54 -3.61 5.20 0.78 3.92 2.48 1.28 -0.08 4.20 3.87 19.11
2004 0.62 0.58 1.94 2.89 1.46 5.11 -4.29 -1.38 -0.91 -1.12 1.45 3.19 9.59
2003 -7.00 -5.03 -0.13 5.50 1.60 -1.11 4.90 2.67 -4.44 1.45 -0.35 2.20 -0.58
2002 -2.22 -3.44 0.88 -4.25 -5.14 -5.50 -5.19 -1.03 -9.34 5.78 4.46 -5.30 -27.23
2001 3.13 -4.78 0.15 3.93 -0.80 -3.70 -1.49 -8.69 -3.51 0.79 2.74 3.26 -9.36
2000 -3.02 6.35 8.00 -1.85 -1.31 -1.82 1.42 4.70 1.39 1.75 -8.32 -3.23 2.96
1999 -0.73 -3.27 2.66 -1.24 -0.73 4.22 1.65 2.45 -3.75 7.86 6.13 4.92 21.26
1998 -2.83 6.98 7.73 4.05 3.07 2.43 2.81 -9.29 -0.87 3.85 4.59 9.78 35.59
1997 5.55 -0.53 -2.09 1.18 9.73 5.39 3.75 -4.58 6.70 -3.31 2.75 4.70 32.17
1996 N/R 0.80 -2.27 3.61 -0.48 2.34 -5.38 2.32 3.71 -0.67 1.93 2.34 8.14

Historical Financial Year Performance (all figures shown here are are percentage per month net of fees unless otherwise stated)

Year Jul % Aug % Sep % Oct % Nov % Dec % Jan % Feb % Mar % Apr % May % Jun % FYTD %
2023/2024 -0.25 2.36 -4.31 -2.39 3.35 2.00 5.67 8.29 N/A N/A N/A N/A 15.04
2022/2023 6.12 -3.24 -2.97 6.28 1.48 -3.88 0.97 1.54 1.90 4.57 -0.75 2.17 14.42
2021/2022 5.14 3.57 -4.48 1.28 2.35 1.78 -5.07 -5.87 -0.61 -3.10 -0.15 -3.23 -8.74
2020/2021 2.12 3.42 0.33 1.61 4.32 2.14 -0.39 0.90 3.56 4.39 0.53 2.77 28.78
2019/2020 2.92 -0.30 -0.61 -0.75 5.88 -0.78 4.47 -3.02 -6.24 3.49 3.58 1.55 9.96
2018/2019 0.99 6.47 -1.27 -5.69 -0.01 -4.58 3.98 6.07 2.36 4.20 -2.27 5.60 15.97
2017/2018 -0.99 1.21 3.53 3.68 2.91 -2.25 2.96 1.41 1.50 3.83 0.93 1.99 22.56
2016/2017 2.67 2.01 -1.01 -2.00 3.56 3.36 -1.99 0.98 1.35 4.11 3.22 -1.65 15.29
2015/2016 6.94 -3.08 -1.48 4.01 -1.79 -1.62 -4.11 -0.80 -1.05 0.67 7.21 -4.99 -0.96
2014/2015 0.85 1.47 3.71 -1.26 6.48 2.52 4.68 4.32 1.48 -2.15 5.46 -2.80 27.15
2013/2014 7.33 0.01 1.13 1.96 5.15 3.83 -1.40 2.15 -2.65 0.52 2.47 0.86 23.06
2012/2013 0.20 2.69 2.33 -0.22 0.69 1.89 4.98 1.84 -0.20 3.56 7.52 0.85 29.13
2011/2012 -3.19 -3.42 0.38 0.91 1.08 1.91 0.28 3.89 4.17 -0.93 -0.66 -1.54 2.59
2010/2011 -0.05 -1.22 0.29 2.76 0.05 -0.28 3.24 0.20 -0.53 -0.90 1.41 -2.22 2.65
2009/2010 4.56 0.54 0.13 -2.66 2.80 4.64 -2.70 0.61 2.96 -1.59 0.68 -2.01 7.86
2008/2009 -0.68 7.74 -5.45 -3.78 -5.80 -3.28 3.18 -7.89 -2.35 2.52 0.82 -0.65 -15.48
2007/2008 -2.83 5.29 -3.52 -1.15 0.56 -0.47 -9.35 -4.28 0.61 2.91 1.18 -7.94 -18.28
2006/2007 -2.84 2.64 3.12 -0.13 0.87 2.07 2.57 -2.11 -0.82 0.91 3.82 -2.80 7.24
2005/2006 3.92 2.48 1.28 -0.08 4.20 3.87 1.80 1.49 6.79 -3.13 -2.98 1.12 22.32
2004/2005 -4.29 -1.38 -0.91 -1.12 1.45 3.19 -1.22 0.61 0.54 -3.61 5.20 0.78 -1.14
2003/2004 4.90 2.67 -4.44 1.45 -0.35 2.20 0.62 0.58 1.94 2.89 1.46 5.11 20.36
2002/2003 -5.19 -1.03 -9.34 5.78 4.46 -5.30 -7.00 -5.03 -0.13 5.50 1.60 -1.11 -16.77
2001/2002 -1.49 -8.69 -3.51 0.79 2.74 3.26 -2.22 -3.44 0.88 -4.25 -5.14 -5.50 -24.13
2000/2001 1.42 4.70 1.39 1.75 -8.32 -3.23 3.13 -4.78 0.15 3.93 -0.80 -3.70 -5.08
1999/2000 1.65 2.45 -3.75 7.86 6.13 4.92 -3.02 6.35 8.00 -1.85 -1.31 -1.82 27.53
1998/1999 2.81 -9.29 -0.87 3.85 4.59 9.78 -0.73 -3.27 2.66 -1.24 -0.73 4.22 11.03
1997/1998 3.75 -4.58 6.70 -3.31 2.75 4.70 -2.83 6.98 7.73 4.05 3.07 2.43 35.15
1996/1997 -5.38 2.32 3.71 -0.67 1.93 2.34 5.55 -0.53 -2.09 1.18 9.73 5.39 25.14
1995/1996 N/A N/A N/A N/A N/A N/A N/A 0.80 -2.27 3.61 -0.48 2.34 3.95