About Us
Our Company
Global Masters Fund Ltd (GFL) was established for investors seeking long-term capital growth through investments in high-quality global assets. Berkshire Hathaway Inc, a New York Stock Exchange-listed investment corporation headed by famed businessman Warren Buffett, is Global Masters’ principal stake. The Global Masters portfolio also includes other global quality growth companies which are listed on various stock exchanges including the London Stock Exchange and the Australian Stock Exchange.
The primary source of value creation for Global Masters Shareholders is the capital appreciation of their shares since Berkshire Hathaway does not pay a dividend and any excess cash received by the Company after paying expenses is reinvested.
The Board takes the view that Global Masters’ international investments provide currency diversification to investors and therefore the Australia dollar/ US dollar currency exposure is not hedged. The resultant portfolio performance is monitored by GFL’s Board of Directors.
*as of 30/06/2024
Our History
Global Masters Fund (GFL) was founded in May 2004 in New South Wales and listed in May 2006. While GFL is a separate company, it is an integral and important part of the EC Pohl & Co group of companies broader investment strategy to provide exposure to the US and UK markets.
The EC Pohl & Co group of companies have indicated that they intend to retain at least a 51 percent interest in the Company at all times thereby assuring a long-term association with the group.
Our Mission
Creating Shareholder wealth through strategic investments in listed international companies.
Key Holdings
Global Masters’ primary investment is in the New York Stock Exchange listed investment company, Berkshire Hathaway Inc. which is managed by the legendary Warren Buffett and domiciled in Omaha, Nebraska (USA). Berkshire Hathaway’s investment approach has traditionally followed the strict discipline of investing only in businesses with superior economic characteristics that are controlled by successful and skilled managers. Their investments comprise a diverse range of activities with the principal business being insurance, mainly through GEICO (motor) and General Re. Berkshire Hathaway also has substantial equity holdings in other large international companies such as Apple, Coca-Cola, Kraft Heinz and the American Express Company.
Global Masters Fund has appointed EC Pohl & Co to manage a portfolio of investments listed on the London Stock Exchange. The investment philosophy is built upon the belief that the economics of business drives long-term investment returns. This diversified, actively managed portfolio is made up of long-term investments in profitable, high-quality, growth businesses. Over time, the portfolio will further expand to include companies listed in other jurisdictions, in turn making Global Masters Fund a truly global investment company.
Why Invest in Global Masters?
- Reduced share investment risk through a diversified investment portfolio;
- Convenient and simple administration of your investment as your single holding in GFL gives you access to a multitude of stocks;
- No entry or exit fee is charged by the Company; and
- Easy access to information via the Company registered office or website or the Australian Securities Exchange.
Objectives
- Increase Shareholder wealth by achieving capital growth over the medium to long-term without resorting to gearing; and
- Preserve and enhance the NTA per share after allowing for inflation.
Strategy
- A substantial portion of the Company’s assets will be invested in the USA and the UK to provide investors with an exposure to other major world economies.
- The exposure to other currencies will remain unhedged; and
- GFL will aim to maintain more than 95 per cent of available funds in equity investments at all times. The remaining funds will be held in bank bills, similar cash securities and on deposit in the short term money market.
Dividend Policy
Since Berkshire Hathaway does not pay dividends, any income that it is received from the remainder of the investments will be used to defray expenses. Accordingly, it is unlikely that dividends will be declared for the foreseeable future.
Our Latest Reports
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Global Masters Fund Limited is a unique ASX-listed invested company with principal investments in Berkshire Hathaway in the US and other Global Investments.
