Equity Fund

The Appian Equity Fund is an actively managed, concentrated global equity fund that invests in large cap. quality companies at attractive valuations.  We believe this is the path to achieving long term superior risk adjusted returns.

We define quality within equities as the ability to generate excellent returns on capital and turn these returns into cash.  The ability to generate high levels of returns and translate these returns into cash allows companies to return cash to shareholders in the form of dividends and invest in the business thereby driving long term dividend growth and ultimately share prices.

All our investment decisions are driven by valuation and this comes through in the companies in the Fund having a dividend yield in excess of the market and a price earnings ratio which is lower than the market.

What makes the Appian Equity Fund Different?

 

Concentrated:  This is a concentrated fund which typically invests in 30-40 companies.  We view this as the best way to strive for returns while managing the risk in the underlying equities.

Long Term Focused:  Our focus is on making the right investment decision for the long term.  However, we will be active if the valuation or quality characteristics of our positions change.

Actively Managed:  We are not benchmark constrained and invest where we find the right combination of Quality and Value.  This results in the Fund being substantially different from its comparative indices  as illustrated by its high active share.

 

 

 

Fund Return
Period 2010 2011 2012 2013 2014 2015 2016 2017 2018
Fund Return * -0.85% 4.25% 7.42% 18.73% 10.70% 12.77% 5.32% 8.42% -9.11%
Close of Business Mid-Market Prices Deal Date Dealing Price €
31/12/2018 02/01/2019 170.8029
30/11/2018 03/12/2018 184.5390
31/10/2018 01/11/2018 185.9720
28/09/2018 01/10/2018 194.1220
31/08/2018 03/09/2018 191.6550
31/07/2018 01/08/2018 195.5090
29/06/2018 02/07/2018 189.9170
31/05/2018 01/06/2018 189.6930
30/04/2018 01/05/2018 186.1400
29/03/2018 03/04/2018 177.4450
28/02/2018 01/03/2018 183.4920
Close of Business Mid-Market Prices Deal Date Dealing Price €
31/12/2018 02/01/2019 170.8029
30/11/2018 03/12/2018 184.5390
31/10/2018 01/11/2018 185.9720
28/09/2018 01/10/2018 194.1220
31/08/2018 03/09/2018 191.6550
31/07/2018 01/08/2018 195.5090
29/06/2018 02/07/2018 189.9170
31/05/2018 01/06/2018 189.6930
30/04/2018 01/05/2018 186.1400
29/03/2018 03/04/2018 177.4450
28/02/2018 01/03/2018 183.4920
31/01/2018 01/02/2018 190.7610
29/12/2017 02/01/2018 187.9130
30/11/2017 01/12/2017 183.4310
31/10/2017 01/11/2017 186.5620
29/09/2017 02/10/2017 182.0890
31/08/2017 01/09/2017 173.9320
01/08/2017 02/08/2017 176.7910
30/06/2017 03/07/2017 178.3080
31/05/2017 01/06/2017 179.4420
28/04/2017 02/05/2017 182.8120
31/03/2017 03/04/2017 181.1890
28/02/2017 01/03/2017 179.5300
31/01/2017 01/02/2017 173.4140
30/12/2016 03/01/2017 173.3210
30/11/2016 01/12/2016 167.9600
31/10/2016 31/10/2016 157.4320
30/09/2016 03/10/2016 157.7660
31/08/2016 01/09/2016 160.3730
31/07/2016 01/08/2016 156.1040
30/06/2016 01/07/2016 153.5840
31/05/2016 01/06/2016 158.9810
29/04/2016 03/05/2016 155.3960
31/03/2016 01/04/2016 154.9890
01/03/2016 01/03/2016 151.6280
01/02/2016 01/02/2016 154.8410
31/12/2015 04/01/2016 164.5670
30/11/2015 01/12/2015 169.7910
30/10/2015 02/11/2015 164.3490
30/09/2015 01/10/2015 154.4030
31/08/2015 01/09/2015 160.1280
31/07/2015 04/08/2015 170.0700
30/06/2015 01/07/2015 164.2950
31/05/2015 02/06/2015 170.5970
30/04/2015 01/05/2015 165.2570
31/03/2015 01/04/2015 164.8010
27/02/2015 02/03/2015 162.2290
30/01/2015 02/02/2015 153.8640
31/12/2014 02/01/2015 145.9290
30/11/2014 01/12/2014 142.7500
31/10/2014 03/11/2014 139.9580
30/09/2014 01/10/2014 141.7210
31/08/2014 01/09/2014 140.2770
31/07/2014 01/08/2014 137.0640
30/06/2014 01/07/2014 138.0230
30/05/2014 03/06/2014 136.5940
30/04/2014 01/05/2014 133.5550
31/03/2014 01/04/2014 132.5030
28/02/2014 03/03/2014 133.7200
31/01/2014 03/02/2014 129.3760
31/10/2013 01/11/2013 127.3340
30/09/2013 01/10/2013 124.2370
30/08/2013 02/09/2013 122.3750
31/07/2013 01/08/2013 122.0660
30/06/2013 01/07/2013 118.4070
31/05/2013 04/06/2013 121.8740

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Geographic Equity Distribution

Performance Chart

Fund Fact Sheets

Downloadable Fact Sheets
Equity Fund Q3 18 30/09/2018
Equity Fund Q2 18 30/06/2018
Equity Fund Q1 18 31/03/2018
Equity Fund Q4 17 31/12/2017
Equity Fund Q3 17 30/09/2017
Equity Fund Q2 17 30/06/2017
Equity Fund Q1 17 31/03/2017
Equity Fund Q4 16 31/12/2016
Equity Fund Q3 16 30/09/2016
Equity Fund Q2 16 30/06/2016
Equity Fund Q1 16 12/04/2016

Fund Fact Sheets

Downloadable Fact Sheets
Equity Fund Q3 18 30/09/2018
Equity Fund Q2 18 30/06/2018
Equity Fund Q1 18 31/03/2018
Equity Fund Q4 17 31/12/2017
Equity Fund Q3 17 30/09/2017
Equity Fund Q2 17 30/06/2017
Equity Fund Q1 17 31/03/2017
Equity Fund Q4 16 31/12/2016
Equity Fund Q3 16 30/09/2016
Equity Fund Q2 16 30/06/2016
Equity Fund Q1 16 12/04/2016
Equity Fund Q4 15 06/04/2016
Equity Fund Q3 15 30/09/2015
Equity Fund Q2 15 30/06/2015
Equity Fund Q1 15 01/04/2015
Equity Fund Q4 14 02/01/2015
Equity Fund Q3 14 01/10/2014

 


* WARNING The value of investments may go down as well as up. Past performance is not a reliable guide to future performance. These investments may be affected by changes in currency exchange rates. If you invest in this fund you may lose some or all of your investment.

No part of this website is to be reproduced without our written permission. This website has been prepared and issued by Appian Asset Management on the basis of publicly available information, internally developed data and other sources believed to be reliable. It does not constitute an offer or an invitation to invest, or the provision of investment advice. No party should treat any of the contents herein as advice in relation to any investment. While all reasonable care has been given to the preparation of the information, no warranties or representation express or implied are given or liability accepted by Appian Asset Management or its affiliates or any directors or employees in relation to the accuracy fairness or completeness of the information contained herein. Any opinion expressed (including estimates and forecasts) may be subject to change without notice.