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Global Masters Fund

Fund Manager: Global Masters Fund
Inception Date: May 01, 2006

2017 ETF & LIC Performance Report

ETF Watch - Jan 15, 2018

Investors may look back on 2017 as a year of remarkably low volatility. As the world digested events like Brexit, the leader of the free world's erratic ways and the emergence of Bitcoin mania, equity markets marched forward unhindered by what was happening around them. The result was a remarkable 86% of ETFs and LICs reporting positive performance in 2017, up from 79% in 2016. The broad Australian market returned a solid but not amazing 11% (including dividends), but the real acti ... [More]

Age catches up with Buffett tracker fund

The Australian - Oct 28, 2017

Investment legend Warren Buffett would be proud of the listed investment company’s rationale for not charging base or performance management fees. With two-thirds of Global Masters’ circa $18m of investments tied up in Buffett’s investment vehicle Berkshire Hathaway, the LIC serves as a local conduit for investors who can’t afford to shell out $US284,000 ($366,000) for a single Berkshire share. “There is no logical reason why we should be charging a management fee if we are not managing anything,” Global boss Manny Pohl says. “When you have two passive investments it’s not right to be charging a management fee. Mr Buffett does that for us.” [More]

In a period which included shocks like Brexit and the Trump election win, equity markets performed surprisingly well in the 2017 Financial Year, with the Australian market up around 14% including dividends and global markets up around 20%. Most investors would be ecstatic with this type of performance every year and after the disappointment of the 2016 Financial Year, where most markets went nowhere, was a nice return to positivity for investors. Below we have listed the performance of all of ... [More]

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