Cooper Investors has opened its global endowment fund to external investors, the company’s first new wholesale unit trust launched to market in five years.
The Cooper Investments Global Endowment Fund has been operated with internal capital for more than two and a half years.
The fund is managed by the firm’s global equities team, aiming to provide exposure to high-quality global companies.
The portfolio is designed to have lower volatility than global equities markets and to outperform in periods of market weakness, according to Cooper Investors. It is being targeted toward retirees, charities and foundations with a “long-term horizon”.
Peter Cooper, founder and chief investment officer of Cooper Investors said the fund’s mindset was one of the biggest investment trends the firm has seen in the marketplace.
“Investing in a lower risk portfolio that aims to protect capital yet still experiencing market or above market returns over the longer term is highly desirable for those investors in pensions phase or for charities and foundations,” Mr Cooper said.
The company reported as at 30 June the strategy has achieved annualised absolute return (gross) since inception of 16.2 per cent, and a one-year absolute return (gross) of 14.3 per cent (versus reference index +6.1 per cent).
Cooper Investors added the fund seeks to invest in sustainable businesses with sound governance, avoiding investment in tobacco production, controversial weapons or gambling.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
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