Antipodes is a global asset manager offering a pragmatic value approach across long only and longshort strategies. It aspires to grow client wealth over the long-term by generating absolute returns in excess of the benchmark at below market levels of risk. Antipodes seeks to take advantage of the market's tendency for irrational extrapolation, identify investments that offer a high margin of safety and build high conviction portfolios with a capital preservation focus.
Antipodes is majority owned by its investment team.
Strategy Summary
The Antipodes Asia Income Fund is managed using a disciplined value-oriented approach supported by intensive, on-the-ground bottom-up fundamental research resulting in a concentrated portfolio of fixed interest securities issued by companies in Asia and the Middle East, which, in the view of the investment manager, are undervalued, on either an absolute or a relative basis, have the potential to generate regular income and have the potential for some capital appreciation.
Key Terms
Status:
Open
Inception Date:
Aug 2011
Strategy:
Fixed Income
Style:
N/A
Geography:
Asia
Domicile:
Australia
Investors:
Wholesale & Retail
Min. Investment:
AU$ 25,000
Distributions:
Quarterly
Applications:
Daily
Fund Size:
AU$ 84.8m
Management Fee:
1.13%
Manager FUM:
AU$ 8,000m
Performance Fee:
0.00%
Key Statistics
Fund
Index*
Fund
Index*
May 2024:
2.60%
0.39%
Sharpe1:
0.56
0.25
1 Year:
10.45%
0.87%
Sortino1:
0.75
0.33
3 Years1,2:
-4.47%
-2.09%
Best Month1:
9.82%
3.36%
5 Years1,2:
0.54%
-0.55%
Worst Month1:
-8.34%
-3.75%
Inception1,2:
6.28%
3.00%
Volatility1,2:
7.98%
4.13%
Up-Capture1:
95%
N/A
Down-Capture1:
20%
N/A
*Bloomberg AusBond Composite 0+ Yr Index, 1Since Sep 2011, 2Annualised
Cumulative Returns
Fund Index
Antipodes Asia Income Fund - Cumulative Performance vs Bloomberg AusBond Composite 0+ Yr Index
Drawdowns
Fund Index
Drawdown%
Fund Index
Quintile Ranking vs. Fixed Income - Credit Peer Group (41 funds) as at May 2024
1 Year
3 Year
5 Year
7 Year
Antipodes Asia Income Fund
RBA Cash Rate + 5%
Quintile Rankings display Key Performance Indicators (KPI's) against the fund's Peer Group. Each green square ranks the fund in one quintile (or 20%) of its peer group - five green squares indicate the fund is in the best quintile for each KPI. The performance of the peer group's underlying index is shown by a red dot.