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SGM Major Markets Investment Fund

  • Vehicle UCITS
  • Asset Class Alternatives

Overview

The GMO SGM Major Markets Investment Fund’s investment objective is long-term total return. Over a complete market cycle, the Fund seeks annualized returns of 5% (gross of fees) above the FTSE 3-Month Treasury Bill Index with annualized volatility (standard deviation) of approximately 6-10%. The Fund takes both long and short positions in a range of global equity, bond, currency, and commodity markets using exchange-traded futures and forward foreign exchange contracts, as well as by making other investments.

The Systematic Global Macro team’s investment process systematically applies value and sentiment strategies across global markets. We believe that markets are inefficient but, in the long term, that economic reality will prevail and markets will revert toward fair value; however, the timing of this is uncertain. We aim to profit from mean reversion by buying markets that we believe are depressed in price and shorting markets that we believe are trading at inflated values. To deal with the uncertainty of timing, we model investor sentiment. Using sentiment helps us avoid buying inexpensive assets too early and closing winning positions too quickly.

Facts

Doc Table
Fund Inception Date February 1, 2017
Fund Total Assets as of 8/31/2019 $294mm USD
Benchmark FTSE 3-Mo. TBill

USD Class A

Inception Date February 1, 2017
SEDOL BDS6C15
ISIN IE00BDS6C154
NAV as of 9/17/2019 20.54

Performance

Quarter-End as of June 30, 2019(USD, %) | SGM Major Markets Investment Fund USA

Table Caption
QTD YTD 1-Year ITD
SGM Major Markets Investment Fund -0.29 2.41 0.43 1.60
FTSE 3-Mo. TBill 0.61 1.21 2.30 1.61
  • SGM Major Markets Investment Fund
  • FTSE 3-Mo. TBill

Inception Date: February 01, 2017

Returns shown for periods greater than one year are on an annualized basis.

Net of all fees and expenses after reimbursement by the Manager, but not transaction costs, if any. If certain expenses were not reimbursed, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Quarter-End as of June 30, 2019(USD, %) | SGM Major Markets Investment Fund USA

Table Caption
QTD YTD 1-Year ITD
SGM Major Markets Investment Fund -0.04 2.92 1.45 2.64
FTSE 3-Mo. TBill 0.61 1.21 2.30 1.61
  • SGM Major Markets Investment Fund
  • FTSE 3-Mo. TBill

Inception Date: February 01, 2017

Returns shown for periods greater than one year are on an annualized basis.

Gross of fees, expenses and transaction costs, if any. If these fees, expenses and costs were included, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Month-End as of August 31, 2019(USD, %) | SGM Major Markets Investment Fund USA

Table Caption
MTD QTD YTD 1-Year ITD
SGM Major Markets Investment Fund -0.92 -1.20 1.18 0.54 1.02
FTSE 3-Mo. TBill 0.19 0.39 1.61 2.36 1.66
  • SGM Major Markets Investment Fund
  • FTSE 3-Mo. TBill

Inception Date: February 01, 2017

Returns shown for periods greater than one year are on an annualized basis.

Net of all fees and expenses after reimbursement by the Manager, but not transaction costs, if any. If certain expenses were not reimbursed, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Month-End as of August 31, 2019(USD, %) | SGM Major Markets Investment Fund USA

Table Caption
MTD QTD YTD 1-Year ITD
SGM Major Markets Investment Fund -0.83 -1.03 1.86 1.55 2.06
FTSE 3-Mo. TBill 0.19 0.39 1.61 2.36 1.66
  • SGM Major Markets Investment Fund
  • FTSE 3-Mo. TBill

Inception Date: February 01, 2017

Returns shown for periods greater than one year are on an annualized basis.

Gross of fees, expenses and transaction costs, if any. If these fees, expenses and costs were included, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Year Ending December 31 (USD, %) | SGM Major Markets Investment Fund USA

Calendar
SGM Major Markets Investment Fund FTSE 3-Mo. TBill
2018 -1.22 1.86
2017 2.70 0.80
  • SGM Major Markets Investment Fund
  • FTSE 3-Mo. TBill

Inception Date: February 01, 2017

Returns shown for periods greater than one year are on an annualized basis.

Net of all fees and expenses after reimbursement by the Manager, but not transaction costs, if any. If certain expenses were not reimbursed, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Year Ending December 31 (USD, %) | SGM Major Markets Investment Fund USA

Calendar
SGM Major Markets Investment Fund FTSE 3-Mo. TBill
2018 -0.21 1.86
2017 3.68 0.80
  • SGM Major Markets Investment Fund
  • FTSE 3-Mo. TBill

Inception Date: February 01, 2017

Returns shown for periods greater than one year are on an annualized basis.

Gross of fees, expenses and transaction costs, if any. If these fees, expenses and costs were included, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Management

Halliwell_Jason

Jason Halliwell

Head of Systematic Global Macro

Mr. Halliwell is the head of GMO’s Systematic Global Macro team. He joined GMO Australia in September 1999 from Westpac Investment Management where he spent three years in research and development of quantitative tactical asset allocation methods. Mr. Halliwell has an honours degree in Commerce/Law from Queensland University and has completed postgraduate studies in Financial Mathematics at the University of Technology in Sydney. He is a CFA charterholder.

Documents

Literature

Fact Sheet
Prospectus
Prospectus - Austrian Wrapper Dec 2018
Prospectus - Singapore Wrapper Feb 2018
Prospectus - Singapore Wrapper Sep 2018
Prospectus - UAE Wrapper Dec 2018
Prospectus - Abu Dhabi Global Market Wrapper Dec 2018
Prospectus - DIFC Wrapper Dec 2018
Prospectus - DIFC Wrapper Feb 2018
Prospectus - UK Country Supplement Feb 2019
Prospectus - UK Country Supplement Mar 2018
KIIDs - AUD
KIIDs - CAD
KIIDs - CHF
KIIDs - EUR
KIIDs - GBP
KIIDs - JPY
KIIDs - USD
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Downloads

Performance
Portfolio Composition
Exposures - Detailed
Holdings
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Commentary & Attribution

Commentary - Monthly
Commentary - Quarterly
Attribution - Monthly
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Investor Information

Annual Report
Semiannual Report
NAVs and Distributions
Fair Value Hierarchy
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Risks

Risks associated with investing in the Fund may include Management and Operational Risk, Market Risk - Equity Securities, Currency Risk, Commodities Risk, and Futures Contracts Risk. For a more complete discussion of these risks and others, please consult the Fund's prospectus.

Disclosures

The making available of any document on this website does not constitute a promotion, offer or sale of any securities, financial instruments, or other financial products to the public in or into any jurisdiction where such promotion, offer or sale is prohibited or to any person or class of person to whom such securities or financial instruments may not be lawfully promoted, offered or sold. You should not rely on any document on this website in making any decision to engage in investment activity without seeking further information from GMO to enable GMO to determine whether you may be eligible to receive such further information or purchase or subscribe for any securities or other financial instruments.

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