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Global Equity Allocation Investment Fund

  • Vehicle UCITS
  • Asset Class Equities

Overview

The GMO Global Equity Allocation Investment Fund seeks to generate total return greater than that of the MSCI All Country World Index.

The philosophy that underlies all of GMO’s Asset Allocation investment strategies is the belief that, at times and in the short term, the pricing of asset classes can deviate from true intrinsic value, but mean reverts to appropriate valuation levels over the long term. Using GMO’s 7-Year Asset Class Forecasts, the Fund seeks to allocate to areas of the global equity markets we believe are most attractively valued. Our approach combines the best of GMO’s top-down Asset Allocation views and bottom-up equity research to identify mispricings at both the asset class and individual security levels. The Fund allocates to equity strategies that are actively managed by other GMO investment teams with expertise and experience in security selection within their respective markets.

Facts

Doc Table
Fund Inception Date February 7, 2002
Fund Total Assets as of 8/31/2019 $50mm USD
Benchmark MSCI ACWI

GBP Class A

Inception Date October 20, 2014
SEDOL 3137563
ISIN IE0031375631
NAV as of 9/17/2019 34.28

Performance

Quarter-End as of June 30, 2019(GBP, %) | Global Equity Allocation Investment Fund GBA

Table Caption
QTD YTD 1-Year 3-Year ITD
Global Equity Allocation Investment Fund 5.04 14.14 6.33 11.89 11.01
MSCI ACWI 6.08 16.31 9.69 13.48 13.64
  • Global Equity Allocation Investment Fund
  • MSCI ACWI

Inception Date: October 20, 2014

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(GBP, %) | Global Equity Allocation Investment Fund GBA

Table Caption
QTD YTD 1-Year 3-Year ITD
Global Equity Allocation Investment Fund 5.22 14.55 7.15 12.76 11.83
MSCI ACWI 6.08 16.31 9.69 13.48 13.64
  • Global Equity Allocation Investment Fund
  • MSCI ACWI

Inception Date: October 20, 2014

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(GBP, %) | Global Equity Allocation Investment Fund GBA

Table Caption
MTD QTD YTD 1-Year 3-Year ITD
Global Equity Allocation Investment Fund -2.64 0.41 14.61 2.23 9.49 10.70
MSCI ACWI -1.84 2.32 19.01 6.43 11.86 13.67
  • Global Equity Allocation Investment Fund
  • MSCI ACWI

Inception Date: October 20, 2014

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(GBP, %) | Global Equity Allocation Investment Fund GBA

Table Caption
MTD QTD YTD 1-Year 3-Year ITD
Global Equity Allocation Investment Fund -2.58 0.54 15.17 3.02 10.34 11.52
MSCI ACWI -1.84 2.32 19.01 6.43 11.86 13.67
  • Global Equity Allocation Investment Fund
  • MSCI ACWI

Inception Date: October 20, 2014

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 (GBP, %) | Global Equity Allocation Investment Fund GBA

Calendar
Global Equity Allocation Investment Fund MSCI ACWI
2018 -8.48 -3.79
2017 15.75 13.24
2016 26.69 28.66
2015 1.04 3.29
2014 5.48 8.22
  • Global Equity Allocation Investment Fund
  • MSCI ACWI

Inception Date: October 20, 2014

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 (GBP, %) | Global Equity Allocation Investment Fund GBA

Calendar
Global Equity Allocation Investment Fund MSCI ACWI
2018 -7.75 -3.79
2017 16.68 13.24
2016 27.57 28.66
2015 1.73 3.29
2014 5.63 8.22
  • Global Equity Allocation Investment Fund
  • MSCI ACWI

Inception Date: October 20, 2014

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

Inker_Ben

Ben Inker

Head of Asset Allocation

Mr. Inker is head of GMO’s Asset Allocation team and a member of the GMO Board of Directors. He joined GMO in 1992 following the completion of his B.A. in Economics from Yale University.  In his years at GMO, Mr. Inker has served as an analyst for the Quantitative Equity and Asset Allocation teams, as a portfolio manager of several equity and asset allocation portfolios, as co-head of International Quantitative Equities, and as CIO of Quantitative Developed Equities.  He is a CFA charterholder.

Thorndike_John

John Thorndike

Portfolio Manager

Mr. Thorndike is a member of GMO’s Asset Allocation team. Prior to joining GMO in 2015, he was a managing director and Deputy CIO at The Investment Fund for Foundations. Previously, he was an analyst with TIFF. Mr. Thorndike earned his AB in Physics from Bowdoin College.

Harris_Simon

Simon Harris

Head of Global Equity (interim)

Mr. Harris is the interim head of GMO’s Global Equity team. In his decades at GMO, Simon has had extensive portfolio management, quantitative research, and team leadership experience including as the head of the UK Equity team prior to its merger with Global Equity. Previously, he also served as co-CEO of GMO UK Ltd. Prior to joining GMO in 1989, he earned his BSc in Mathematics from The City University (London). Mr. Harris is a Fellow of The Chartered Institute for Securities & Investment.

Risks

Risks associated with investing in the Fund may include Market Risk - Equities, Management and Operational Risk, Non-U.S. Investment Risk, Derivatives and Short Sales Risk, and Small Company 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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