Royal London Asset Management
Royal London AM Global Equity Select Fund (IRL)
Global Mega-cap
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 3 investment theses and positions in 20 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+21.3%
- 1Y+21.3%
- 3Y · total+78.5%
- Inception · total+97.5%
| YTD | 1Y | 3Ytotal | Since inceptiontotal | |
|---|---|---|---|---|
| Royal London AM Global Equity Select Fund (IRL) | +21.3% | +21.3% | +78.5% | +97.5% |
Calendar years
- 2025+10.8%
- 2024+32.9%
- 2023+36.6%
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 purchased the position in August and it quickly rose to become one of the quarter’s top contributors after announcing the release of its new agentic AI offering, Muse.
We took some profits and reduced the position towards the end of the quarter.
Other transactions included the purchase of Daimler Trucks – the world's largest commercial vehicle manufacturer, which is on a Turnaround path.
We also added Arm Holdings, which designs the technology that powers many of the world’s computer chips and earns money by licensing its designs to other companies.
We also introduced SK Square, a company which derives 98% of its value from leading memory company SK Hynix.
Also held
Its investment theses
- McKessonSep 2026McKesson is a large pharmaceutical distributor with growing competitive advantages, strong specialty-medicines exposure, and steady earnings growth supported by cash generation and buybacks.
- Rocket CompaniesSep 2026Rocket Companies is expanding beyond mortgage origination into more recurring home-buying services, with market-share gains, improving efficiency, and refinancing upside if rates fall.
- Arm Holdings plcJun 2026Arm Holdings plc is seen as a licensing-led chip design company with AI-driven royalty growth and expansion into a larger market.