NEWS
Performance Report: AIM Global High Conviction Fund
13 Jan 2022 - FundMonitors.com
The AIM Global High Conviction Fund rose +3.04%, outperforming the ASX200 Total Return Index by +1.07% and taking performance over CY21 to +31.17% vs the Index's +25.41%. Since inception in July 2019, the fund has outperformed the Global...
Read more...
13 Jan 2022 - Performance Report: AIM Global High Conviction Fund
By: FundMonitors.com
| 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 | AIM are 'business-first' rather than 'security-first' investors, and see themselves as part owners of the businesses they invest in. AIM look for the following characteristics in the businesses they want to own: - Strong competitive advantages that enable consistently high returns on capital throughout an economic cycle, combined with the ability to reinvest surplus capital at high marginal returns. - A proven ability to generate and grow cash flows, rather than accounting based earnings. - A strong balance sheet and sensible capital structure to reduce the risk of failure when the economic cycle ends or an unexpected crisis occurs. - Honest and shareholder-aligned management teams that understand the principles behind value creation and have a proven track record of capital allocation. They look to buy businesses that meet these criteria at attractive valuations, and then intend to hold them for long periods of time. AIM intend to own between 15 and 25 businesses at any given point. They do not seek to generate returns by constantly having to trade in and out of businesses. Instead, they believe the Fund's long-term return will approximate the underlying economics of the businesses they own. They are bottom-up, fundamental investors. They are cognizant of macro-economic conditions and geo-political risks, however, they do not construct the Fund to take advantage of such events. AIM intend for the portfolio to be between 90% and 100% invested in equities. AIM do not engage in shorting, nor do they use leverage to enhance returns. The Fund's investable universe is global, and AIM look for businesses that have a market capitalisation of at least $7.5bn to guarantee sufficient liquidity to investors. |
| Manager Comments | The AIM Global High Conviction Fund has a track record of 2 years and 5 months and therefore comparison over all market conditions and against the fund's peers is limited. However, since inception in July 2019, the fund has outperformed the Global Equity Index, providing investors with an annualised return of 20.17%, compared with the index's return of 16.05% over the same time period. On a calendar basis the fund has never had a negative annual return in the 2 years and 5 months since its inception. Its largest drawdown was -7.59% lasting 6 months, occurring between February 2020 and August 2020. The Manager has delivered higher returns but with higher volatility than the index, resulting in a Sharpe ratio which has never fallen below 1 and currently sits at 1.77 since inception. The fund has provided positive monthly returns 90% of the time in rising markets, and 0% of the time when the market was negative, contributing to an up capture ratio since inception of 112% and a down capture ratio of 83%. |
| More Information |
Fund Review: Insync Global Capital Aware Fund November 2021
11 Jan 2022 - FundMonitors.com
Latest Fund Review on Insync Global Capital Aware Fund is now available. The Global Capital Aware Fund invests in a concentrated portfolio of 15-30 stocks, targeting exceptional, large cap global companies with a strong focus on dividend...
Read more...
11 Jan 2022 - Fund Review: Insync Global Capital Aware Fund November 2021
By: FundMonitors.com
AFM Fund Review - November 2021 (pdf format)
INSYNC GLOBAL CAPITAL AWARE FUND
Attached is our most recently updated Fund Review on the Insync Global Capital Aware Fund.
We would like to highlight the following:
- The Global Capital Aware Fund invests in a concentrated portfolio of 15-30 stocks, targeting exceptional, large cap global companies with a strong focus on dividend growth and downside protection.
- Portfolio selection is driven by a core strategy of investing in companies with sustainable growth in dividends, high returns on capital, positive free cash flows and strong balance sheets.
- Emphasis on limiting downside risk is through extensive company research, the ability to hold cash and long protective index put options.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - November 2021 (pdf format)
Performance Report: Frazis Fund
22 Dec 2021 - FundMonitors.com
The Frazis Fund has risen +26.91% over the past 12 months vs the Global Equity Index's +22.84%. Since inception in July 2018, the fund has outperformed the index, providing investors with an annualised return of 27.56%, compared with the...
Read more...
22 Dec 2021 - Performance Report: Frazis Fund
By: FundMonitors.com
| 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 manager follows a disciplined, process-driven, and thematic strategy focused on five core investment strategies: 1) Growth stocks that are really value stocks; 2) Traditional deep value; 3) The life sciences; 4) Miners and drillers expanding production into supply deficits; 5) Global special situations; The manager uses a macro overlay to manage exposure, hedging in three ways: 1) Direct shorts 2) Upside exposure to the VIX index 3) Index optionality |
| Manager Comments | The Frazis Fund has a track record of 3 years and 5 months and therefore comparison over all market conditions and against the fund's peers is limited. However, since inception in July 2018, the fund has outperformed the Global Equity Index, providing investors with an annualised return of 27.56%, compared with the index's return of 14.53% over the same time period. On a calendar basis the fund has had 1 negative annual return in the 3 years and 5 months since its inception. Its largest drawdown was -32.28% lasting 4 months, occurring between February 2020 and June 2020 when the index fell by a maximum of -13.19%. The Manager has delivered higher returns but with higher volatility than the index, resulting in a Sharpe ratio which has fallen below 1 once and currently sits at 0.85 since inception. The fund has provided positive monthly returns 78% of the time in rising markets, and 36% of the time when the market was negative, contributing to an up capture ratio since inception of 184% and a down capture ratio of 104%. |
| More Information |
Fund Review: Bennelong Twenty20 Australian Equities Fund November 2021
22 Dec 2021 - Australian Fund Monitors
The latest Fund Review on Bennelong Twenty20 Australian Equities Fund is now available. The Fund invests in ASX listed stocks, combining an indexed position in the Top 20 stocks with an actively managed portfolio of ex-20 stocks.
Read more...
22 Dec 2021 - Fund Review: Bennelong Twenty20 Australian Equities Fund November 2021
By: Australian Fund Monitors
AFM Fund Review - November 2021 (pdf format)
BENNELONG TWENTY20 AUSTRALIAN EQUITIES FUND
Attached is our most recently updated Fund Review on the Bennelong Twenty20 Australian Equities Fund.
- The Bennelong Twenty20 Australian Equities Fund invests in ASX listed stocks, combining an indexed position in the Top 20 stocks with an actively managed portfolio of stocks outside the Top 20. Construction of the ex-top 20 portfolio is fundamental, bottom-up, core investment style, biased to quality stocks, with a structured risk management approach.
- Mark East, the Fund's Chief Investment Officer, and Keith Kwang, Director of Quantitative Research have over 50 years combined market experience. Bennelong Funds Management (BFM) provides the investment manager, Bennelong Australian Equity Partners (BAEP) with infrastructure, operational, compliance and distribution services.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - November 2021 (pdf format)
Performance Report: Surrey Australian Equities Fund
22 Dec 2021 - Australian Fund Monitors
The Surrey Australian Equities Fund returned -2.30% in November and has risen +12.71% over the past 12 months. Since inception in June 2018, the fund has outperformed the ASX 200 Total Return Index, providing investors with an annualised...
Read more...
22 Dec 2021 - Performance Report: Surrey Australian Equities Fund
By: Australian Fund Monitors
| 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 Investment Manager follows a defined investment process which is underpinned by detailed bottom up fundamental analysis, overlayed with sectoral and macroeconomic research. This is combined with an extensive company visitation program where we endeavour to meet with company management and with other stakeholders such as suppliers, customers and industry bodies to improve our information set. Surrey Asset Management defines its investment process as Qualitative, Quantitative and Value Latencies (QQV). In essence, the Investment Manager thoroughly researches an investment's qualitative and quantitative characteristics in an attempt to find value latencies not yet reflected in the share price and then clearly defines a roadmap to realisation of those latencies. Developing this roadmap is a key step in the investment process. By articulating a clear pathway as to how and when an investment can realise what the Investment Manager sees as latent value, defines the investment proposition and lessens the impact of cognitive dissonance. This is undertaken with a philosophical underpinning of fact-based investing, transparency, authenticity and accountability. |
| Manager Comments | The Surrey Australian Equities Fund has a track record of 3 years and 6 months and therefore comparison over all market conditions and against the fund's peers is limited. However, since inception in June 2018, the fund has outperformed the ASX 200 Total Return Index, providing investors with an annualised return of 11.1%, compared with the index's return of 9.49% over the same time period. On a calendar basis the fund has had 1 negative annual return in the 3 years and 6 months since its inception. Its largest drawdown was -26.75% lasting 6 months, occurring between February 2020 and August 2020 when the index fell by a maximum of -26.75%. The Manager has delivered higher returns but with higher volatility than the index, resulting in a Sharpe ratio which has fallen below 1 three times and currently sits at 0.58 since inception. The fund has provided positive monthly returns 83% of the time in rising markets, and 8% of the time when the market was negative, contributing to an up capture ratio since inception of 123% and a down capture ratio of 110%. |
| More Information |
Performance Report: Equitable Investors Dragonfly Fund
21 Dec 2021 - FundMonitors.com
The Equitable Investors Dragonfly Fund has risen +39.07% over the past 12 months against the ASX200 Total Return Index's +15.48%. Since inception in September 2017, the fund has returned +3.89% on an annualised basis.
Read more...
21 Dec 2021 - Performance Report: Equitable Investors Dragonfly Fund
By: FundMonitors.com
| 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 is an open ended, unlisted unit trust investing predominantly in ASX listed companies. Hybrid, debt & unlisted investments are also considered. The Fund is focused on investing in growing or strategic businesses and generating returns that, to the extent possible, are less dependent on the direction of the broader sharemarket. The Fund may at times change its cash weighting or utilise exchange traded products to manage market risk. Investments will primarily be made in micro-to-mid cap companies listed on the ASX. Larger listed businesses will also be considered for investment but are not expected to meet the manager's investment criteria as regularly as smaller peers. |
| Manager Comments | The fund has achieved these returns with an annualised volatility since inception of 23.14% and an average positive monthly return of +4.85% vs the index's +2.82% Over the past 12 and 24 months, the fund has achieved up-capture ratios of 187% and 157% respectively, highlighting its capacity to significantly outperform in rising markets. Over the same periods it has achieved down-capture ratios of -140% (12-months) and 89% (24-months), indicating that the fund has, on average, outperformed during the months the market has fallen over those periods. |
| More Information |
Performance Report: Longlead Pan-Asian Absolute Return Fund
21 Dec 2021 - FundMonitors.com
Longlead Pan-Asian Absolute Return Fund rose +1.81% in November vs the Asia Pacific Index's +0.62%, while the Longlead Absolute Return Fund (Master Fund) returned +1.50%. Since inception in July 2017, the Master Fund has outperformed the...
Read more...
21 Dec 2021 - Performance Report: Longlead Pan-Asian Absolute Return Fund
By: FundMonitors.com
| 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 | The Longlead Absolute Return Fund has a track record of 4 years and 5 months and therefore comparison over all market conditions and against the fund's peers is limited. However, since inception in July 2017, the fund has outperformed the Asia Pacific Index, providing investors with an annualised return of 23.02%, compared with the index's return of 8.05% over the same time period. On a calendar basis the fund has had 1 negative annual return in the 4 years and 5 months since its inception. Its largest drawdown was -14.88% lasting 13 months, occurring between January 2019 and February 2020 when the index fell by a maximum of -7.32%. The Manager has delivered higher returns but with higher volatility than the index, resulting in a Sharpe ratio which has fallen below 1 twice and currently sits at 1.44 since inception. The fund has provided positive monthly returns 62% of the time in rising markets, and 63% of the time when the market was negative, contributing to an up capture ratio since inception of 73% and a down capture ratio of -84%. |
| More Information |
Performance Report: Glenmore Australian Equities Fund
21 Dec 2021 - FundMonitors.com
The Glenmore Australian Equities Fund rose +0.51% in November, outperforming the ASX200 Total Return Index by +1.05% and taking 12-month performance to +38.85% vs the Index's +15.48%. Since inception in June 2017, the fund has outperformed...
Read more...
21 Dec 2021 - Performance Report: Glenmore Australian Equities Fund
By: FundMonitors.com
| 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 main driver of identifying potential investments will be bottom up company analysis, however macro-economic conditions will be considered as part of the investment thesis for each stock. |
| Manager Comments | The Glenmore Australian Equities Fund has a track record of 4 years and 6 months and therefore comparison over all market conditions and against the fund's peers is limited. However, since inception in June 2017, the fund has outperformed the ASX 200 Total Return Index, providing investors with an annualised return of 25.29%, compared with the index's return of 9.52% over the same time period. On a calendar basis the fund has never had a negative annual return in the 4 years and 6 months since its inception. Its largest drawdown was -36.91% lasting 13 months, occurring between October 2019 and November 2020. The Manager has delivered higher returns but with higher volatility than the index, resulting in a Sharpe ratio which has fallen below 1 twice and currently sits at 1.12 since inception. The fund has provided positive monthly returns 92% of the time in rising markets, and 41% of the time when the market was negative, contributing to an up capture ratio since inception of 231% and a down capture ratio of 99%. |
| More Information |
Fund Review: Bennelong Long Short Equity Fund November 2021
21 Dec 2021 - Australian Fund Monitors
Latest Fund Review for the Bennelong Long Short Equity Fund is now available. The Fund is a research driven, market and sector neutral, "pairs" trading strategy investing primarily in large-caps from the ASX/S&P100 Index...
Read more...
21 Dec 2021 - Fund Review: Bennelong Long Short Equity Fund November 2021
By: Australian Fund Monitors
AFM Fund Review - November 2021 (pdf format)
BENNELONG LONG SHORT EQUITY FUND
Attached is our most recently updated Fund Review on the Bennelong Long Short Equity Fund.
- The Fund is a research driven, market and sector neutral, "pairs" trading strategy investing primarily in large-caps from the ASX/S&P100 Index, with over 19-years' track record and an annualised return of 14.20%.
- The consistent returns across the investment history highlight the Fund's ability to provide positive returns in volatile and negative markets and significantly outperform the broader market. The Fund's Sharpe Ratio and Sortino Ratio are 0.84 and 1.33 respectively.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - November 2021 (pdf format)
Performance Report: Laureola Australia Feeder Fund
20 Dec 2021 - FundMonitors.com
The Laureola Master Fund returned +0.34% in November. Over the past 12 months it has risen +6.86% vs the Bloomberg AusBond Composite 0+ Yr Index's -3.23%. Since inception in May 2013, the fund has returned +15.26% p.a. with an annualised...
Read more...
20 Dec 2021 - Performance Report: Laureola Australia Feeder Fund
By: FundMonitors.com
| 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 | Life Settlements are resold life insurance policies and can be thought of as a form of finance extended to an individual backed by the person's life insurance policy. This financing is repaid upon maturity by collecting the death benefit from the insurance company. Risk mitigation measures implemented by Laureola include science-driven due diligence of policies, active monitoring of insured through a vertically integrated operation, and investor aligned fund design. |
| Manager Comments | The Laureola Master Fund has a track record of 8 years and 8 months and has consistently outperformed the Bloomberg AusBond Composite 0+ Yr Index since inception in May 2013, providing investors with a return of 15.26%, compared with the index's return of 3.73% over the same time period. On a calendar basis the fund has never had a negative annual return in the 8 years and 8 months since its inception. Its largest drawdown was -4.9% lasting 10 months, occurring between December 2018 and October 2019. The Manager has delivered higher returns but with higher volatility than the index, resulting in a Sharpe ratio which has never fallen below 1 and currently sits at 2.44 since inception. The fund has provided positive monthly returns 97% of the time in rising markets, and 100% of the time when the market was negative, contributing to an up capture ratio since inception of 160% and a down capture ratio of -258%. |
| More Information |
