VGI Partners Global and Asian Investments

July 2021

Content provided by VGI Partners

VGI Partners is a global equity manager with concentrated strategies comprising long investments and short positions in Global, and Asian listed securities. With offices located in Sydney, New York, and Tokyo, VGI Partners offers two listed investment strategies: VGI Partners Global Investments (ASX: VG1) and VGI Partners Asian Investments (ASX: VG8).

In the last twelve months (ending 30 June 2021), both VGI Partners’ Global and Asian Investments have performed favorably, with less volatility than the broader market indices and with both funds targeting a fully franked yield of 4% pa. VG8 generated a net portfolio return of +15.0% after all fees, and VG1 generated a net portfolio return of +25.6% after all fees. VGI Partners’ Investor Letter for each strategy provides our market outlook and discusses the current positioning of each portfolio.

VGI Partners Global Investments Limited (ASX:VG1)

The past twelve months has been a highly favourable period for equity market investors with the S&P 500, Dow Jones and Nasdaq each reaching all-time highs. Markets continue to be buoyed by incredibly accommodative governments and central banks with historically low interest rates and enormous amounts of unprecedented fiscal and monetary support in response to the pandemic.

This report also highlights the most significant stock contributors to the performance of the VG1 portfolio for the twelve months to 30 June 2021.

VGI Partners Asian Investments Limited (ASX:VG8)

The past twelve months has been a favourable period for equity market investors with most Asian indices, from the Nikkei to the KOSPI, pushing new multi-decade highs. As we discussed in our last letter the driver of this performance has been the massive amount of fiscal and monetary support that governments have provided in response to the COVID-19 pandemic.

This report also highlights the largest stock contributors to the performance of the VG8 portfolio for the twelve months to 30 June 2021.

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Disclaimer
The information in this document (Information) has been prepared for general information purposes only and without taking into account any recipient’s investment objectives, financial situation or particular circumstances (including financial and taxation position). The Information does not (and does not intend to) contain a recommendation or statement of opinion intended to be investment advice or to influence a decision to deal with any financial product nor does it constitute an offer, solicitation or commitment by VGI Partners.
It is the sole responsibility of the recipient to consider the risks connected with any investment strategy contained in the Information. Neither VGI Partners nor any of its directors, employees, officers or agents accepts any liability for any loss or damage arising directly or indirectly from the use of all or any part of the Information. VGI Partners does not represent or warrant that the Information in this document is accurate, complete or up to date and accepts no liability if it is not.