Our Global investment universe covers non-financial companies listed in 18 developed markets and 19 emerging markets.
The five-year backtesting of the ASIR Global FVMR Model portfolio shows the strategy generated an average annual return of 18.9% versus the ASIR Benchmark’s 9.7%. For the most direct comparison, we constructed our ASIR backtesting benchmark, which equally weights the largest and most liquid non-financial companies listed anywhere in the world. On average that universe has consisted of 3,100 companies each year over the past ten years.
We started to publish our ASIR Global FVMR Model portfolio on June 24th, 2016, and the charts and tables on this page show the return as of January 9th, 2018. Since publishing started, the ASIR Global FVMR Model portfolio has returned 43.1% p.a. versus the MSCI AC World Index at 24.9% p.a. Note that the MSCI AC World benchmark includes financial companies, while the Global model portfolio does not include any financial companies.
Examples of previously held positions
Fevertree Drinks PLC
Strong sales growth, strong EPS growth, and good price momentum relative to its sector
Fever-Tree is the world’s leading supplier of premium carbonated mixers for alcoholic spirits by retail sales value with distribution to over 60 countries internationally. Based in the UK, the brand was launched in 2005 by Charles Rolls and Tim Warrillow to provide high-quality mixers which could accompany the growing demand for premium spirits.
Low core profit valuation, strong cash levels, and relatively strong analyst recommendation
relative to its sector
Hazama-Ando Corporation is one of the top 10 largest construction firms in Japan. It is the result of a merger of Hazama Corp and Ando Corp after long collaboration on project management, construction financing, and material procurement. The company maintains networks in Asia, in particular South Asia, in addition to the United States, Mexico, Central, and South America.