Billionaires are billionaires for a reason. Our global equity fund researched the performance of companies overseen and guided by billionaire owners back to 2004 and found that they outperformed their rivals. We now invest in 115 large-cap global companies held by 100 of the top billionaires (as ranked by Forbes and Bloomberg). Each stock makes up 1% of the fund and the maximum exposure to a single stock is capped at 1%. We rebalance the portfolio every January and this year applied a new environmental, social and governance (ESG) filter that eliminated some Russian oligarchs and underperforming Chinese billionaires.
It has been a tough two years for global stocks, particularly in emerging markets, but historically these have been first to recover. Asia is becoming increasingly important to the global economy while Indian billionaires are flourishing, although their companies are difficult to invest in from the UK.
A portfolio of 400 beers
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China’s leading EV manufacturer
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