| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Fund aims to produce returns after management fees and expenses of RBA Cash Rate + 4.0-5.0% p.a. over rolling five-year periods. Furthermore, the Fund aims to achieve these returns with volatility that is a fraction of the Australian equity market, in order to smooth returns for investors. |
| Manager Comments | The Fund's capacity to protect investors' capital in falling and volatile markets is highlighted by the following statistics (since inception): Sortino ratio of 1.09 vs the Index's 0.55, maximum drawdown of -8.77% vs the Index's -26.75%, and down-capture ratio of 13.25%. NWQ noted current equity valuations are high and approaching the unprecedented and short-lived levels at the zenith of the Dot-Com era, supported by record low interest rates, ample central bank liquidity and buoyant customer sentiment. They believe that it's in this environment that it pays to be hedged given the market's susceptibility to sharp reversals. NWQ expect 2021 will present a favourable environment for hedged equity investors with return dispersion between stocks to remain elevated. They added that the pandemic has created both long and short opportunities for the Fund's underlying managers. |
| More Information |
