Insync Global Titans Fund

28 Jul 2016 - Australian Fund Monitors

The Insync Global Titans Fund returned -1.50%, outperforming the MSCI All Country World ex-Australia Net Total Return Index in $A, which returned -3.3%, by 1.80%.

28 Jul 2016 - Insync Global Titans Fund

By: Australian Fund Monitors

Report Date	26 July 2016
Manager	Insync Fund Managers
Fund Name	Insync Global Titans Fund
Strategy	Equity Long
Latest Return Date	June 2016
Latest Return	-1.50%
Latest 6 Months	-0.54%
Latest 12 Months	0.83%
Latest 24 Months	19.96%
Annualised Since Inception	9.71%
Inception Date	07 October 2009
FUM (millions)	AU$30.9
Fund Overview	Insync's investment strategy is driven by fundamentals combined with active risk management. Insync's aim is to invest in high quality, large cap global companies at attractive prices. Insync looks for companies that can consistently pay rising dividends and earn high returns on invested capital. Insync aims to provide investors with long term capital growth and some income. The Global Titans Fund is a concentrated portfolio of large cap global companies with downside protection. 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 Insync Global Titans Fund returned -1.50%, outperforming the MSCI All Country World ex-Australia Net Total Return Index in $A, which returned -3.3%, by 1.80%. In June, the majority (62.2%) of the Fund's geographically allocation was in North America. The Fund's largest industry exposure was the Health Care sector, at 21.9%. Cash and Puts increased from the prior month to 15.6%. The performance was driven by positive contributions from the holdings in Medtronic, Mead Johnson Nutrition, BAT, Nestle, and Unilever. The main negative contributors were PayPal, Sanofi, Visa, and Microsoft. The Fund hedged back its exposure to the UK prior to the Brexit vote with 16% of the Fund hedged back to Australian dollars. Click below to read the latest Fund Manager Report.
More Information	Fund Profile Manager's Report AFM Research Reports

Fund Review: Jamieson Coote Bonds Active Fund June 2016

28 Jul 2016 - Australian Fund Monitors

June Fund Review is now available on Jamieson Coote Bonds Active Fund, a long-only macroeconomic investment fund.

Pengana PanAgora Absolute Return Global Equities Fund

27 Jul 2016 - Australian Fund Monitors

Pengana PanAgora Absolute Return Global Equities Fund returned -3.12% in June. The Fund has a low systematic risk (beta) to the ASX200 and the MSCI World Indices of 0.09.

27 Jul 2016 - Pengana PanAgora Absolute Return Global Equities Fund

By: Australian Fund Monitors

Report Date	25 July 2016
Manager	Pengana Capital
Fund Name	Pengana PanAgora Absolute Return Global Equities Fund
Strategy	Equity Long/Short
Latest Return Date	June 2016
Latest Return	-3.12%
Latest 6 Months	-10.16%
Latest 12 Months	-0.09%
Latest 24 Months	9.65%
Annualised Since Inception	10.25%
Inception Date	09 December 2015
FUM (millions)	AU$31
Fund Overview	The Pengana PanAgora Absolute Return Global Equities Fund is managed by PanAgora Asset Management (PanAgora), Inc. based in Boston. PanAgora is a well-known leader in quantitative investment strategies, managing over AU$52b across a range of strategies for institutional investors worldwide. The relationship between Pengana and PanAgora has enabled the US based manager to bring their innovative research and intellectual capital capabilities to the Australian retail market. PanAgora believes the best way to find opportunities in the global markets is to combine fundamental analysis with robust quantitative techniques in order to filter the investment universe and select the investments. The Fund invests primarily in listed equity securities from a global universe of developed markets and a select group of emerging market countries. The Fund's objective is to seek absolute returns by identifying and exploiting multiple inefficiencies that may exist in global equity markets. These inefficiencies are primarily exploited through the use of a long/short equity strategy which aims to construct a portfolio that is generally neutral to market movements. As such the performance of the investment strategy is largely independent of the market's performance. The Fund seeks to achieve its objective by using a diversified set of strategies that have low correlation to one another. In addition, because many of these strategies are designed to generate profit under different market conditions, their combination is expected to result in more stable returns over time than any individual strategy in and of itself.
Manager Comments	Pengana PanAgora Absolute Return Global Equities Fund returned -3.12% in June. The Fund has a low systematic risk (beta) to the ASX200 and the MSCI World Indices of 0.09. The Fund's had it's highest gross regional exposure in North America and the highest gross sector exposure in the Financials. Most of the losses are attributable to stock selection in the US portion of the long-term portfolio, contributing -2.98% to the month's return. The intermediate-term portfolio ended the month flat, while the short-term sleeve contributed positively with 0.17%. The Fund continues to be focused on stock selection and has re-optimised the portfolio away from the US and towards international. The Fund has also increased its allocation to small caps. Click below to read the latest Fund Manager's Report.
More Information	Fund Profile Manager's Report

Fund Review: QATO Capital Market Neutral Long/Short Fund June 2016

27 Jul 2016 - Australian Fund Monitors

Latest Fund Review is now available on QATO Capital Market Neutral Long/Short Fund, investing exclusively in S&P/ASX 100 stocks.

Signature Quantitative Fund

26 Jul 2016 - Australian Fund Monitors

Signature Quantitative Fund returned -0.7% in June 2016, compared to the S&P / ASX 200 Franking Credit Adjusted
Index's return of -2.4%.

26 Jul 2016 - Signature Quantitative Fund

By: Australian Fund Monitors

Report Date	22 July 2016
Manager	Quant Investment Management Services Pty Ltd
Fund Name	Signature Quantitative Fund
Strategy	Equity Long/Short
Latest Return Date	June 2016
Latest Return	-0.70%
Latest 6 Months	-3.67%
Latest 12 Months	3.96%
Latest 24 Months	0.98%
Annualised Since Inception	6.63%
Inception Date	01 January 2014
FUM (millions)	AU$24
Fund Overview	SQF is a systematic event-driven fund that exploits short-term structural market inefficiencies that are uncorrelated & persistent over time. The fund believes that the market reaction to events is not random; rather there are statistically measureable and predictable behaviour patterns that can be exploited with a systematic and disciplined approach. The fund's investment philosophy is to quantitatively identify research and exploit these event driven or behavioural structural market inefficiencies to generate significant alpha. SQF systematically utilises stock short positions and futures to reduce risk and generate significant alpha SQF has been established to profit from anomalies surrounding event driven, behavioural & factor based structural market inefficiencies which generate significant profits and are uncorrelated & persistent over time. Specific strategies such as dividend arbitrage, index addition and deletion, tax year end, capital raisings, among other strategies are used by the Fund. The Fund's initial focus is on investing in Australian and New Zealand markets.
Manager Comments	Signature Quantitative Fund returned -0.7% in June 2016, compared to the S&P / ASX 200 Franking Credit Adjusted Index's return of -2.4%., an outperformance of 1.70%. Since inception, the Fund has an annualised return of 6.63% (Index 3.69% p.a). The Fund has achieved this return with lower volatility of 7.56% than the Index's 12.75%. Capital Raisings, Dividend Arbitrage and Alpha Capture strategies, all positively contributed to the Fund's performance, However, the Index Rebalance Effect underperformed due to stock-specific news, and SQF's market exposure also caused underperformance. Click the link below to view the latest Monthly report.
More Information	Fund Profile Manager's Report

Supervised Global Income Fund

26 Jul 2016 - Australian Fund Monitors

Supervised Global Income Fund rose 0.45% for the month of June, to bring annualised performance since inception to 9.22% p.a.

26 Jul 2016 - Supervised Global Income Fund

By: Australian Fund Monitors

Report Date	22 July 2016
Manager	Supervised Investments Australia Ltd
Fund Name	Supervised Global Income Fund
Strategy	Fixed Income
Latest Return Date	June 2016
Latest Return	0.45%
Latest 6 Months	1.60%
Latest 12 Months	3.79%
Latest 24 Months	10.18%
Annualised Since Inception	9.22%
Inception Date	01 April 2009
FUM (millions)	AU$17.964
Fund Overview	The Supervised Global Income Fund is an AUD denominated alternative income fund which invests only in debt securities. The investment objective of the fund is to outperform a benchmark of 1.5% above the RBA cash rate, whilst trying to minimise the risk of permanent loss of capital. The fund will invest in all forms of marketable floating and fixed income debt securities, such as asset backed debt securities, residential mortgage backed securities, corporate debt, regional and sovereign debt securities, debt/equity hybrid securities, equities and currencies. All these investments will be either listed or traded in a market where prices can be independently verified. The fund may also invest in interest rate swaps, options over authorized investments and exchange traded futures contracts. All these will be either listed or traded in a market where they can be independently valued. Fundamental to the investment procedure is the tenet that no debt security will qualify for investment unless it can repay 100% of its principal and interest in a worst case economic scenario.
Manager Comments	Supervised Global Income Fund rose 0.45% for the month of June, to bring annualised performance since inception to 9.22% p.a. In the same timeframe, the RBA Cash Rate Index has returned 3.22% p.a. The Fund's performance has been achieved with a relatively low volatility of 2.07% (Index 0.28%), to give a notable Sharpe and Sortino Ratio of 2.87 and 18.52 respectively. Interest income and position in the US Treasury Note Exchange Traded Options contributed positively to the Fund's performance. However, the value of some Residential Mortgage Backed Securities (RMBS) and Collateralised Corporate Loan Obligations (CLO) Mezzanine securities fell, detracting from the Fund's returns. More than half (53.38%) of the portfolio's composition (as a percentage of NAV) was invested in the Australian Residential Mortgage-Backed Securities (RMBS). The rest of the portfolio held USD Corporate Loans at 23.52% and AUD Corporate Loans at 4.64%. Cash was increased from the prior month to 18.14%. Click below to view the latest Fund Manager Report.
More Information	Fund Profile Manager's Report AFM Research Reports

Alexander Credit Opportunities Fund

25 Jul 2016 - Australian Fund Monitors

Alexander Credit Opportunities Fund rose 0.85% for the month of June .

Pengana Absolute Return Asia Pacific Fund

25 Jul 2016 - Australian Fund Monitors

The Pengana Absolute Return Asia Pacific Fund returned -4.90% for the month of June 2016, compared to Asia Pacific markets which were down -0.2%.

25 Jul 2016 - Pengana Absolute Return Asia Pacific Fund

By: Australian Fund Monitors

Report Date	22 July 2016
Manager	Pengana Capital
Fund Name	Pengana Absolute Return Asia Pacific Fund
Strategy	Equity Long/Short
Latest Return Date	June 2016
Latest Return	-4.90%
Latest 6 Months	-3.49%
Latest 12 Months	-3.44%
Latest 24 Months	5.24%
Annualised Since Inception	8.93%
Inception Date	01 September 2010
FUM (millions)	AU$76.6
Fund Overview	The Pengana Absolute Return Asia Pacific Fund employs an event-driven investment strategy that seeks to exploit the mispricing of securities of companies involved in corporate transactions within the Asian (including Japan, Australia and New Zealand) region. Event driven strategies involve investing in opportunities created by significant transactional events, such as mergers and acquisitions, earnings surprises, capital management initiatives, capital structure arbitrage and index changes, among others. The Fund believes that significant corporate events can often create inefficiency in a company's share price which the Fund then seeks to exploit. The Fund aims to generate consistently positive returns which have a low correlation to the Asian stock markets. The objective to generate a net annualised return greater than 5% above the Reserve Bank of Australia's Cash Rate Target over a 3 to 5 year period with low volatility and low correlation to Asian stock markets. The Fund will usually hold 40 to 80 positions and will be well diversified across the various event strategies. In keeping with the absolute return focus the Manager will eliminate market risk where appropriate by hedging market and foreign currency risks. Since inception the Fund has averaged a net equity market exposure of ~10%. Sizing of an investment position will depend on the expected risk adjusted returns while taking account the liquidity and volatility of the stock. In addition, the maximum potential loss on any one position should be greater than 0.5% of the NAV and the position should not exceed 30% participation of stressed volume assuming a $200m NAV. Other criteria considered are ability to hedge and the availability of pair candidates as well as the average bid-ask size. For M&A strategies average long position is 3 to 5.5% and average short position 2 to 5%.
Manager Comments	The Pengana Absolute Return Asia Pacific Fund returned -4.90% for the month of June 2016, compared to the MSCI ACWI Asia Pacific Index which was down -0.20%. Since inception, the Fund has achieved an annualised return of 8.93% p.a., with a low volatility of 6.38%. The Fund has notable Sharpe and Sortino ratios of 0.88 and 1.51 respectively. The drawdown was largely due to unsystematic factors including M&A deal breaks. The Fund was resilient around the Brexit event, with minimal impact on the portfolio from this macro event. The Fund was hurt by two positions which were unexpectedly delayed or called off; namely Inotera Memories (3474 TT) and West China Cement (2233 HK). Collectively, these two deals negatively impacted the Fund by -4.60%. The Fund navigated the month with an average gross and net exposure of 247.2% and 11.3% respectively. The Index Futures and Capital Raising strategies contributed positively to the Fund's June performance. Click below to read the latest Fund Manager's Report.
More Information	Fund Profile Manager's Report AFM Research Reports

Jamieson Coote Bonds Active Fund

22 Jul 2016 - Australian Fund Monitors

Jamieson Coote Bonds Active Fund rose 1.39% for the month of June 2016.

22 Jul 2016 - Jamieson Coote Bonds Active Fund

By: Australian Fund Monitors

Report Date	18 July 2016
Manager	Jamieson Coote Bonds Pty Ltd
Fund Name	Jamieson Coote Bonds Active Fund
Strategy	Fixed Income
Latest Return Date	June 2016
Latest Return	1.39%
Latest 6 Months	5.10%
Latest 12 Months	7.81%
Latest 24 Months
Annualised Since Inception	6.48%
Inception Date	01 December 2014
FUM (millions)	AU$56
Fund Overview	The Jamieson Coote Bonds Active Fund (JCBAF) is a long only macroeconomic investment fund. JCB appointed Jamieson Coote Asset Management as the Manager of the Fund. JCBAF's investable universe is limited to AAA and AA+ Government and Semi (State) Government Bonds and agencies in Australian Dollars, explicitly backed by public institutions, creating a highly liquid product with capital preservation and risk adjusted alpha creation as its core tenant. The Fund usually holds around 20 bond securities of differing maturities and generally individual security selection does not exceed 20% of the Fund's NAV. JCBAF seeks to establish a mid to long term core portfolio using both domestic and global macroeconomic analysis. This is overlaid with a number of valuation indicators and international market intelligence from a global network of market moving investors, including central bankers and hedge funds, to construct an optimal indexed portfolio allocation at any given time. The Fund recognises short term oscillations driven by technical factors and supply dynamics create opportunities within short term pricing cycles, which can generate significant alpha when managed within a risk adjusted framework. The Fund aims to outperform its index using duration and curve management at appropriate times in the pricing cycle whilst retaining a core long. The JCB Active Fund gives direct access to the management team whilst providing portfolio balance with increased capital stability and a fixed income streams with both income and principle repayment secured by the Australian or State Governments.
Manager Comments	Jamieson Coote Bonds Active Fund rose 1.39%, against the Bloomberg Australian Government Bond Index which returned 1.89%. The Australian equities market returned -2.45%. Since inception, the Fund has an annualised return of 6.48% p.a., achieved with relatively low volatility of 2.50% to give noteworthy Sharpe and Sortino ratios of 1.72 and 3.75 respectively. For June, the portfolio mix increased its weighting from the prior month in the Australian Government Bonds to 66.88% and decreased its weighting in Supra-National Bonds to 28.22%. The fund held an average duration position of 4.90 years. Click below to read the Fund Manager's market outlook.
More Information	Fund Profile Manager's Report AFM Research Reports

Fund Review: Bennelong Twenty20 Australian Equities Fund June 2016

21 Jul 2016 - Australian Fund Monitors

Latest Fund Review on Bennelong Twenty20 Australian Equities Fund is now available.

Search for:
Fund:	Type a few letters to search
Manager:
Publish Dates:	From: To:

Fund Monitors Pty Ltd

News

NEWS

28 Jul 2016 - Insync Global Titans Fund

28 Jul 2016 - Fund Review: Jamieson Coote Bonds Active Fund June 2016

27 Jul 2016 - Pengana PanAgora Absolute Return Global Equities Fund

27 Jul 2016 - Fund Review: QATO Capital Market Neutral Long/Short Fund June 2016

26 Jul 2016 - Signature Quantitative Fund

26 Jul 2016 - Supervised Global Income Fund

25 Jul 2016 - Alexander Credit Opportunities Fund

25 Jul 2016 - Pengana Absolute Return Asia Pacific Fund

22 Jul 2016 - Jamieson Coote Bonds Active Fund

21 Jul 2016 - Fund Review: Bennelong Twenty20 Australian Equities Fund June 2016

Category

Search

Events Calendar