Claremont Global Launches 2 ETFs on ASX

Boutique fund manager Claremont Global has launched two Actively managed Exchange Traded Funds (ETFs), the Claremont Global Fund (ASX: CGUN) and Claremont Global Fund (hedged) (ASX: CGHE) on the Australian Securities Exchange (ASX).

Claremont Global is a long-only Active fund manager that aims to have a concentrated portfolio of just 10 to 15 companies and invests in some of the world’s best businesses.

With assets under management of over $1.45 billion, Claremont was established in 2011. Its investment process does not start with economic views or sector themes and looks to own durable, all-weather businesses.

Like Warren Buffett, portfolio purchases are made at a discount to its assessment of the fair value of a business. This provides investors with both a margin of safety and upside potential. The funds don’t use options, leverage, or derivatives.

Both ETFs have a management fee of 1.25% per annum. CGHE is currency hedged.

Performance

Claremont Global ETF

31 January 2024 (AUD) Since inception (p.a) 7 years (p.a) 5 years (p.a) 3 years (p.a) 1
year
6
months
3 months
Portfolio return 14.3% 15.7% 17.0% 16.9% 22.6% 6.7% 8.9%
MSCI AC World Accum Index ex-Aust 11.6% 12.0% 12.4% 11.5% 22.5% 6.1% 10.2%
Excess return 2.7% 3.7% 4.6% 5.4% 0.0% 0.6% -1.3%

 

Claremont Global Currency Hedged ETF

31 January 2024 (AUD) Since inception (p.a) 7 years (p.a) 5 years (p.a) 3 years (p.a) 1
year
6
months
3 months
Portfolio return 11.5% 11.9% 12.9% 9.6% 13.2% 3.8% 12.9%
MSCI AC World Accum Index ex-Aust (AUD, hedged) 9.0% 9.0% 9.3% 6.3% 14.3% 3.8% 13.2%
Excess return 2.5% 2.9% 3.6% 3.4% -1.1% 0.0% -0.3%

Some managed funds are launching ETFs on the ASX to tap investor demand. Claremont has generated excess returns over the MSCI Benchmark Index.

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