| 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 | |
| Manager Comments | Longlead noted the market backdrop was a generally favourable one for much of the quarter, with an economic recovery following the pandemic, supported by ongoing stimulus from governments globally, providing a good environment for stock picking. However, they added that the picture was far from uniform, with markets such as China and Hong Kong experiencing a material pullback from the middle of the quarter in response to concerns over domestic policy normalisation and a rotation in market leadership from growth to value names, particularly in March. Gains in the long book in the quarter were partially offset by losses in the short book. Positions in the Communications Services, Health Care and Consumer Staples sectors posted gains, while losses were experienced in Information Technology and the hedge book. By country, the Fund saw positive performance in Singapore, Taiwan and Hong Kong, and negative performance in the United States and Japan. |
| More Information |
