Eligible investments
- Individual listed ordinary shares
- Listed REITs
- Global developed and eligible emerging markets
Strategies / Global Intelligence
Evermore Strategies
Evermore Global Intelligence Fund
Taking expressions of interest
AI-directed global listed equities within a human-defined mandate, governance framework and risk limits.
- Approach
- AI-directed model portfolio
- Focus
- Global listed equities
- Review
- Quarterly rebalancing
- Established
- 1 July 2025
The approach
AI makes portfolio decisions within predefined eligibility and risk rules. Human responsibility remains central to mandate design, governance, compliance, execution, monitoring and oversight.
The mandate
Direct investment in eligible listed shares and REITs, with limits on individual securities, sectors, countries and cash. This is a research model, not a live investment product.
Performance
Q1 FY2027: 1 July to 30 September 2026. Internally verified model-portfolio gross total returns in USD.
Fund+4.14%
MSCI ACWI Net Return USD+2.35%
Excess+1.78 pts
Since inception to 30 September 2026, USD-restated
Fund+29.38%
Linked benchmark+23.08%
Cumulative excess+6.31 pts
Inception: 1 July 2025. Historical AUD performance has been restated into USD and the original benchmark linked to MSCI ACWI Net Return USD from 1 July 2026. FY2026 originally reported returns remain +18.79% Fund / +14.97% original benchmark in AUD.
Growth of US$100 since inception
Supplied measurement dates only; connecting lines do not represent daily portfolio values.
Performance data and methodology
Portfolio effective 1 October 2026
23 equities, fully invested, with no cash allocation.
Top five32.0%
Top ten56.5%
Largest holding8.0%
Largest holdings and allocations
Top ten holdings
| Alphabet | 8.0% |
| Nvidia | 6.5% |
| Microsoft | 6.5% |
| Meta Platforms | 5.5% |
| Tencent | 5.5% |
| TSMC | 5.5% |
| ICICI Bank | 5.0% |
| Berkshire Hathaway | 5.0% |
| Visa | 4.5% |
| Tradeweb Markets | 4.5% |
Country allocation
| United States | 60.0% |
| Netherlands | 9.0% |
| India | 8.0% |
| Taiwan | 8.0% |
| China | 5.5% |
| Germany | 4.0% |
| Switzerland | 3.0% |
| South Korea | 2.5% |
Regional allocation
| United States | 60% |
| Emerging markets | 24% |
| Europe | 16% |
Sector allocation
| Financials | 33.0% |
| Information Technology | 31.0% |
| Communication Services | 19.0% |
| Industrials | 12.5% |
| Health Care | 4.5% |
Five holdings share a 4.5% weight; ties are ordered for presentation. There are no Australian equities under the revised mandate. The historical 1 July 2026 opening Q1 portfolio held 30 equities plus 6% cash.
Quarterly research letters
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Register interestAsk a questionCapital is at risk. Model portfolios are illustrative and do not represent returns received by an external investor.
Investment framework and important information
Defined global equity mandate
A defined global equity mandate.
The AI does not have unrestricted authority. It makes portfolio decisions within predefined eligibility rules, construction limits, liquidity requirements and documentation standards. The current research mandate may evolve through documented governance decisions.
Initially excluded
- ETFs, LICs and other listed pooled funds
- Managed funds
- Options and derivatives
- Private companies
- Frontier or standalone markets
The intention is for the system to select underlying listed investments directly rather than allocate through pooled investment vehicles.
Normally approximately 20 to 30 holdings.
Maximum in any individual security.
Cash permitted between 0% and 20%.
Maximum in any one sector.
Maximum in any one non-Australian country.
Current target exposure effective 1 October 2026.
Australian-equity minimum removed from 1 October 2026; maximum 30%.
Normally at least A$500 million equivalent.
Substantially liquidatable within approximately five normal trading days.
Important limitations and disclosures
Important limitations and disclosures.
The Evermore Global Intelligence Fund is currently a research model portfolio and investment innovation initiative. It is not presently an offer, invitation, recommendation or solicitation to invest in a financial product.
The information on this page is general in nature and does not take account of any person's objectives, financial situation or needs.
Model portfolio returns may differ materially from the returns achievable by an actual investor. Published returns are before management fees, transaction costs, withholding tax, investor tax and cash interest unless otherwise stated.
Any future financial product would be subject to separate legal, regulatory, governance, custody, administration and disclosure arrangements.
Past performance is not a reliable indicator of future performance.