Royal London Asset Management
Royal London AM Global Equity Diversified Fund (IRL)
Global Mega-cap
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 2 investment theses and positions in 28 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year · follow all of Royal London Asset Management for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · Z Acc USD
- YTD+17.8%
- 1Y+17.8%
- 3Y · total+77.3%
- 5Y · total+80.1%
| YTD | 1Y | 3Ytotal | 5Ytotal | |
|---|---|---|---|---|
| Royal London AM Global Equity Diversified Fund (IRL) | +17.8% | +17.8% | +77.3% | +80.1% |
Calendar years
- 2025+14.6%
- 2024+31.4%
- 2023+26.5%
- 2022−19.7%
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
We also started a position in Seagate Technology as we believe the market underappreciates the duration of demand for its hard disk drives and its pricing power.
We took profits in Goldman Sachs and United Rentals.
We initiated a position in ASML.
funding it through reductions in Micron and Applied Materials.
The other notable transaction was the initiation of a small position in Nike, which has been one of the highest-profile underperformers in its sector in recent years and is being purchased as an early-stage turnaround opportunity.
We also initiated a position in QXO, taking advantage of share price weakness to gain exposure to what we believe could become a leading consolidator in the highly fragmented building products distribution market.
- TrimmedVolvo ABJun 2026
Within industrials, we switched part of our position from Volvo into Daimler Truck.
Funding for these purchases came from several lower-conviction holdings including Flutter Entertainment, Comcast, Church & Dwight, and BJ's Wholesale Club where we believe capital can be allocated more effectively elsewhere.
Funding for these purchases came from several lower-conviction holdings including Flutter Entertainment, Comcast, Church & Dwight, and BJ's Wholesale Club where we believe capital can be allocated more effectively elsewhere.
We increased the portfolio's exposure to specific parts of the AI infrastructure theme through purchases of Nebius Group and Arm Holdings.
Within industrials, we switched part of our position from Volvo into Daimler Truck.
We added to Cisco Systems, Lumentum Holdings and Hannover Re, reflecting improving conviction in their respective wealth creation outlooks and attractive valuation support.
We added to Cisco Systems, Lumentum Holdings and Hannover Re, reflecting improving conviction in their respective wealth creation outlooks and attractive valuation support.
Funding for these purchases came from several lower-conviction holdings including Flutter Entertainment, Comcast, Church & Dwight, and BJ's Wholesale Club where we believe capital can be allocated more effectively elsewhere.
We increased the portfolio's exposure to specific parts of the AI infrastructure theme through purchases of Nebius Group and Arm Holdings.
We added to Cisco Systems, Lumentum Holdings and Hannover Re, reflecting improving conviction in their respective wealth creation outlooks and attractive valuation support.
Funding for these purchases came from several lower-conviction holdings including Flutter Entertainment, Comcast, Church & Dwight, and BJ's Wholesale Club where we believe capital can be allocated more effectively elsewhere.
Also held
Its investment theses
- ASML Holding N.V.Sep 2026ASML has a unique moat as the sole supplier of advanced lithography systems for leading-edge chips, and its de-rating created an entry opportunity.
- Nike, Inc.Sep 2026Nike is an early-stage turnaround idea supported by brand strength, product design, global distribution, and an attractive risk-reward after de-rating.