Franklin mutual global discoveri n acc

hola
quiero introducir este fondo en mi cartera y me gustaria si alguien lo tiene me de su opinion

ins lu0211333298
gracias

hola

registrándote en Morning españa tiene análisis gratis de bastantes fondos

yo lo llevo, si quieres saber algo en particular me dices

Saludos

Opinión Morningstar|03/02/2010
por Thomas Lancereau, CFA

Despite the recent change in managers, we think Mutual Global Discovery retains most of its appeal over the long run.

Peter Langerman and Philippe Brugère-Trélat took over the reins of the fund in Dec. 2009 following the departure to PIMCO of previous comanagers Anne Gudefin and Charles Lahr. Although sudden manager departures are rarely a good thing for investors, we think there is little reason to be overly concerned here. Langerman is CEO and CIO of Mutual Series and is one of the most senior members of the team. So is Brugère-Trélat, who has successfully run the Elite-rated Franklin Mutual European fund since 2005. They make very effective use of the 15-strong team of managers/analysts with whom they share investment ideas and research.

We don’t expect any change whatsoever in approach from the newly named managers. The fund remains managed using Mutual Series’ well-proven, highly valuation-sensitive approach. Portfolio construction is purely bottom-up and stock selection focuses on those stocks that trade at a significant discount to intrinsic value. The managers use discounted cash flow and sum-of-the-parts analyses to identify such firms while still paying close attention to management's quality and attitude toward shareholders. Such a distinctive approach leaves little room for benchmarking and the portfolio differs markedly from both indices and peers. For example, as at the end of last year almost half of the invested portfolio was in consumer goods-related stocks that the team favours for their safe dividend stream. In contrast, exposure to Japan remained marginal as they don’t consider the overall investment culture to be very investor-friendly.

As protection of shareholders' capital is paramount in this absolute-return approach, cash is allowed to grow in the absence of sufficiently attractive opportunities. It reached a historic high of 55% in March 2009, and although it has decreased since then, it was still much higher than most peers at close to 20% at the end of 2009. Most of it was held in US dollars, which, combined with investments in US stocks, means significant currency risk, so we feel the fund is more suitable as a supporting player for European and Asian investors.

As expected, the very high cash balance hurt the fund’s relative returns during the rally of 2009, and given the managers’ style, investors should be prepared for some periods of underperformance, particularly in momentum-driven markets. However, the fund has done a fantastic job of protecting its shareholders during the 2008 downturn, beating 96% of its competitors. Since launch, the fund has outperformed its Morningstar Global Large-Cap Blend Equity category by a comfortable margin, and we don’t expect the change in managers to alter the fund’s risk/return profile.

This doesn’t mean we will be complacent; any further manager departures would be a cause of concern. But at this time the team remains adequately resourced in our opinion, while experience is clearly above average. In brief, we think the newly appointed duo is talented while the maintenance of a coherent and distinctive approach bode well for the future. The fund retains its Superior rating.

Morningstar Analyst Rating™
Silver

Rol en Cartera
For European and Asian investors, this fund is a supporting player.
Sumario
Personal: Langerman and Brugère-Trélat are both experienced and very well versed in the firm's distinctive investment approach.
Firma Gestora: Franklin Templeton is a major asset manager worldwide. Overall, it acts in investors' best interests.
Proceso: The fund is managed from the bottom up, in a very valuation-sensitive style, paying little attention to the index.
Performance: The fund has built a good record of cumulative outperformance against the category.
Precio: The fund's TER is higher than the category median, which is disappointing given the firm’s large assets under management.

hola
gracias por la respuesta
lo que quiero saber es si merece la pene incorporalo teniendo estos globales

bny mellon long global eq ie00b29m2h10
robecosam sustainable healthy lu0280771063
m&g global dividendo gb00b39r2s49
mfs meridian global eq lu0094560744
nordea 1 global value e lu0173769935
pictet secueity r lu0270905242
robeco bp global premium eqs lu0203975437
gracias

Hola, veo bien ir sólo con propuestas globales, yo reduciría el número de fondos, 1/2 value-value, 1/2 de calidad a precio razonable. Por ejemplo, Mutual + Amundi International + MFS, o cualquier otra combinación, aunque yo pasaría del Robeco, del Pictet y del Julius. Saludos

gracias
voy a estudiar lo que me dices
porque descartas robeco, pitet y julius te lo pregunto para tener mas conocimiento e informacion
pues los acabo de comprar hace una semana
saludos