Geared Global Equity

Maximise long-term returns by borrowing to invest in a diversified portfolio of global companies. This strategy is a geared version of the Acadian Global Equity Fund which aims to deliver superior long-term returns by actively investing in a diversified portfolio of global companies that demonstrate a commitment to upholding environmental, social and governance (ESG) values and practices.

INVESTMENT UNIVERSE

40,000+ stocks in developed and emerging markets (includes ex-index stocks to maximise the opportunity set)

RETURN FORECAST

Daily analysis at stock-specific, peer group, and macro level results in objective risk and return forecast

PORTFOLIO CONSTRUCTION & TRADING

Forecasts enter proprietary portfolio optimisation system, weighing expected return against risk, liquidity and T-costs

Investment philosophy

Financial assets are often mispriced due to behavioural errors, such as incorrectly processing information or acting on incomplete information.

Top-performing companies display many qualities. Their success is multi-faceted and cannot be attributed to any single factor.

Market inefficiencies and attractive opportunities are best captured using systematic processes.

Curated application of artificial intelligence (AI) and machine learning (ML) technology can help extract pertinent information from large, complex datasets.

Investment processes must be dynamic and adapt to changes in investor behaviour and the investment environment.

Acadian’s edge comes from embracing innovative ideas and continuously investing in people, technology, and data.

Why Geared Global Equity?

  • The fund uses gearing (managed by CFS) with the aim of magnifying returns from the underlying Global Equity strategy.

  • Top-performing companies display many qualities. Their success is multi-faceted and cannot be attributed to any single factor. Acadian’s systematic process incorporates over 70 predictive factors including a range of ESG signals.

  • Active management can exploit market inefficiencies such as undervalued companies, arising from changing market conditions and behavioural errors.

  • Using technology, including AI and machine learning, financial data can be collected, analysed and monitored with greater efficiency across a broader investment universe. A disciplined approach also avoids qualitative bias and subjective inputs.

  • Systematic strategies cover a broader and deeper investment universe, therefore, portfolios can be customised to exclude certain companies, with minimal impact on a portfolio’s risk and return profile.

As of March 2025

APIR Code FSF0891AU
 Inception Date 16 April 2007
 Management Cost 1.23% / 2.69%
 Buy / Sell spread 0.05 - 0.15%
 Product Size  $1 billion
 Benchmark MSCI World ex-AU Index
Colonial First State Investments Limited (“CFS”) is the responsible entity for this fund, ABN 98 002 348 352, AFS Licence 232468. You can find the target market determinations (TMD) for this fund at www.cfs.com.au/tmd, which include a description of who a financial product might suit. You should also read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling CFS on 13 13 36. All Fund (NAV) returns are calculated on an annualised basis using exit price to exit price with distributions reinvested, net of management costs, transaction costs. All return calculations exclude any individual taxes payable by the investor and all other fees and rebates disclosed in the relevant product disclosure statements available on our website or by calling us. The ‘distribution’ component is the amount paid by the way of distribution, which may include net realised capital gains. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell individual securities. Reference to the benchmark is for comparative purposes only and is not intended to indicate that the Fund will contain the same investments as the benchmark. Investors have the opportunity for losses as well as profits. Past performance is no guarantee of future results. Index Source: MSCI Copyright MSCI 2025. All Rights Reserved. Unpublished. PROPRIETARY TO MSCI.

March 2025

Column Fund (Gross)  Fund (NAV)  Benchmark  Value-Added vs. Benchmark
One Month Return -14.7 -14.9 -4.7 -10.3
Three Month Return -10.1 -10.7 -2.4 -8.3
Year-to-Date Return -10.1 -10.7 -2.4 -8.3
One Year Annualized Return 9.4 6.5 12.2 -5.7
Three Year Annualized Return 18.4 15.3 14.6 0.7
Five Year Annualized Return 32.7 29.3 15.7 13.5
Ten Year Annualized Return 19.4 16.4 11.8 4.6
Since Inception Annualized Return 12.3 9.8 8.6 1.2
Colonial First State Investments Limited (“CFS”) is the responsible entity for this fund, ABN 98 002 348 352, AFS Licence 232468. You can find the target market determinations (TMD) for this fund at www.cfs.com.au/tmd, which include a description of who a financial product might suit. You should also read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling CFS on 13 13 36. All Fund (NAV) returns are calculated on an annualised basis using exit price to exit price with distributions reinvested, net of management costs, transaction costs. All return calculations exclude any individual taxes payable by the investor and all other fees and rebates disclosed in the relevant product disclosure statements available on our website or by calling us. The ‘distribution’ component is the amount paid by the way of distribution, which may include net realised capital gains. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell individual securities. Reference to the benchmark is for comparative purposes only and is not intended to indicate that the Fund will contain the same investments as the benchmark. Investors have the opportunity for losses as well as profits. Past performance is no guarantee of future results. Index Source: MSCI Copyright MSCI 2025. All Rights Reserved. Unpublished. PROPRIETARY TO MSCI.

Top Ten Holdings

As of March 2025

Column % of Portfolio
AMAZON.COM INC 4.5
NVIDIA CORP 4.3
APPLE INC 3.4
ALPHABET INC 2.6
ROCHE HOLDING AG 2.5
CITIGROUP INC 2.5
BOOKING HOLDINGS INC 2.3
COLGATE-PALMOLIVE CO 2.2
MASTERCARD INC 2.1
META PLATFORMS INC 2.0
NUMBER OF SECURITIES 373
% OF PORTFOLIO FOR TOP 20 CURRENT HOLDINGS 45.2
% OF NON-BENCHMARK PORTFOLIO HOLDINGS 13.0

To view a full list of quarterly holdings in the Fund, visit Colonial First State.

 

Colonial First State Investments Limited (“CFS”) is the responsible entity for this fund, ABN 98 002 348 352, AFS Licence 232468. You can find the target market determinations (TMD) for this fund at www.cfs.com.au/tmd, which include a description of who a financial product might suit. You should also read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling CFS on 13 13 36. All Fund (NAV) returns are calculated on an annualised basis using exit price to exit price with distributions reinvested, net of management costs, transaction costs. All return calculations exclude any individual taxes payable by the investor and all other fees and rebates disclosed in the relevant product disclosure statements available on our website or by calling us. The ‘distribution’ component is the amount paid by the way of distribution, which may include net realised capital gains. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell individual securities. Reference to the benchmark is for comparative purposes only and is not intended to indicate that the Fund will contain the same investments as the benchmark. Investors have the opportunity for losses as well as profits. Past performance is no guarantee of future results. Index Source: MSCI Copyright MSCI 2025. All Rights Reserved. Unpublished. PROPRIETARY TO MSCI.

Current Positioning -Sector

Geared Sustainable Global Q3 2024

Colonial First State Investments Limited (“CFS”) is the responsible entity for this fund, ABN 98 002 348 352, AFS Licence 232468. You can find the target market determinations (TMD) for this fund at www.cfs.com.au/tmd, which include a description of who a financial product might suit. You should also read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling CFS on 13 13 36. All Fund (NAV) returns are calculated on an annualised basis using exit price to exit price with distributions reinvested, net of management costs, transaction costs. All return calculations exclude any individual taxes payable by the investor and all other fees and rebates disclosed in the relevant product disclosure statements available on our website or by calling us. The ‘distribution’ component is the amount paid by the way of distribution, which may include net realised capital gains. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell individual securities. Reference to the benchmark is for comparative purposes only and is not intended to indicate that the Fund will contain the same investments as the benchmark. Investors have the opportunity for losses as well as profits. Past performance is no guarantee of future results. Index Source: MSCI Copyright MSCI 2025. All Rights Reserved. Unpublished. PROPRIETARY TO MSCI.

Platform Availability

AMP Colonial First State Mason Stevens HUB24  BT
 MyNorth FirstChoice  FirstWrap  Super/Pension Wrap Investment Wrap   Investments  Super   Panaroma
IOOF  Netwealth Praemium
 Portfolio Services Pursuit Select  Investment/Super Super SMA

 

Fund Ratings & Awards

1
1The rating published on 03/2025 for (FSF0891AU) is issued by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research). Ratings are general advice only and have been prepared without taking account of investors’ objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec Research assumes no obligation to update. Lonsec Research uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2025 Lonsec. All rights reserved.

Acadian Asset Management (Australia) Limited (“Acadian Australia”) ABN 41 114 200 127 is the holder of Australian financial services license ("AFSL") number 291872. It is also registered as an investment adviser with the U.S. Securities and Exchange Commission ("SEC"). Under the terms of its AFSL, Acadian Australia is limited to providing the financial services under its license to wholesale clients only.
Acadian Australia is a wholly owned subsidiary of Acadian Asset Management LLC (“Acadian”), a U.S. registered investment adviser regulated by the U.S. SEC. Acadian is exempt from the requirement to hold an AFSL under the Corporations Act 2001 (Cth) ("Corporations Act"). Acadian is regulated by the SEC under United States of America laws, which differ from Australian laws. This website is intended only to provide a summary of the subject matter covered. It does not purport to be comprehensive or to provide legal, taxation or other advice on the subject matter. No reader should act on the basis of any matter contained in this website without first obtaining specific professional advice.
The information on this web page is provided to you because Acadian Australia reasonably believes that you are a "wholesale client" within the meaning of that term under the Corporations Act and not any other class of persons. This information is not an advertisement and is not intended to induce retail clients to invest in any product. Retail clients who are interested in products referenced on this website should contact their financial adviser.
In Australia ‘Colonial’, ‘Colonial First State’, and ‘CFS’ are trademarks of Colonial Holding Company Limited and all of these trademarks are used on this website with consent.