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| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
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| Latest 24 Months (pa) | |
| Annualised Since Inception | |
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| FUM (millions) | |
| Fund Overview | Insync employs four simple screens to narrow the universe of over 40,000 listed companies globally to a focus group of high quality companies that it believes have the potential to consistently grow their profits and dividends. These screens are size of the company, balance sheet performance, valuation and dividend quality. Companies that pass this due diligence process are then valued using dividend discount models, free cash flow yield and proprietary implied growth and expected return models. The end result is a high conviction portfolio of typically 15-30 stocks. The principal investments will be in shares of companies listed on international stock exchanges (including the US, Europe and Asia). The Fund may also hold cash, derivatives (for example futures, options and swaps), currency contracts, American Depository Receipts and Global Depository Receipts. The Fund may also invest in various types of international pooled investment vehicles. At times, Insync may consider holding higher levels of cash if valuations are full and it is difficult to find attractive investment opportunities. When Insync believes markets to be overvalued, it may hold part of its resources in cash, or use derivatives as a way of reducing its equity exposure. Insync may use options, futures and other derivatives to reduce risk or gain exposure to underlying physical investments. The Fund may purchase put options on market indices or specific stocks to hedge against losses caused by declines in the prices of stocks in its portfolio. |
| Manager Comments | The Fund returned -3.70% in January. Insync noted there were two main drivers behind the Fund's monthly return; investor uncertainty with the approach of earnings season, and the switch by many institutional investors from growth stocks to cyclicals. Several of the Fund's holdings declined as a result, these included Visa, Nintendo, Disney, Estee Lauder, Facebook, Adobe and Dollar General. Microsoft, Home Depot and Qualcomm all contributed positively. The majority of the Fund's holdings remained flat. Insync believe reinflation prospects remain dim despite the latest US bond rate moves. Contributing factors include negative industry lending flows and investment. Their view is that conditions supporting defensive growth beyond the near-term remain strong. |
| More Information |
