The AIM Global High Conviction Fund has a track record of 5 years and has outperformed the All Countries World (AUD) benchmark since inception in July 2019, providing investors with an annualised return of 12.05% compared with the benchmark's return of 11.71% over the same period.
On a calendar year basis, the fund has only experienced a negative annual return once in the 5 years since its inception. Over the past 12 months, the fund's largest drawdown was -3.1% vs the index's -6.22%, and since inception in July 2019 the fund's largest drawdown was -20.98% vs the index's maximum drawdown over the same period of -16.02%. The fund's maximum drawdown began in January 2022 and lasted 1 year and 7 months, reaching its lowest point during June 2022. The fund had completely recovered its losses by August 2023.
The Manager has delivered these returns with 1.05% more volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 three times over the past five years and which currently sits at 0.86 since inception. The fund has provided positive monthly returns 89% of the time in rising markets and 5% of the time during periods of market decline, contributing to an up-capture ratio since inception of 104% and a down-capture ratio of 100%.
The performance of the AIM Global High Conviction Fund ranked it in the first or second quintile for all KPIs except Largest Drawdown over 3 years, while over 1 year the fund ranked in the first quintile for all KPIs except Total Return.