News
Newgate Real Estate and Infrastructure Fund
1 Aug 2016 - Australian Fund Monitors
Newgate Real Estate and Infrastructure Fund rose 1.04% in June to outperform the ASX-200 Total Return Index which returned -2.45%, by 3.49%.
Read more...
1 Aug 2016 - Newgate Real Estate and Infrastructure 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 | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Fund's research use detailed analysis of the underlying assets integrated with financial analysis to determine a sustainable yield and fundamental DCF valuation for the security. Also the Fund believes in having a strong risk control framework. The Fund will also use trading strategies via rebalancing of core portfolio positions as well as taking advantage of shorter duration inefficiencies in markets caused by an imbalance in demand and supply for global REIT and Infrastructure securities. The Fund focuses on generating absolute returns after fees of 12 to 15% pa over the medium to long term. The long-short nature of the Fund combined with Newgate's rigorous investment process ensures returns generated by the Fund are largely independent of rising or falling markets. Newgate is focused on providing investment opportunities primarily within core, value-add, opportunistic and development sectors of direct property and across listed and unlisted real estate and infrastructure securities. The Fund's investment team consists of Tim Hannon, Campbell McComb, Darren Brusnahan, Nishant Narayanaswamy and Nicole Merrillees. |
| Manager Comments | In a volatile market, the Fund reduced risk with a relatively small sector and stock positions, and high cash levels. Shopping Centres, Vicinity Centres, and APN Property Group all contributed positively to return. However, Aurizon Group, Estia Health, and Infigen Energy detracted from the performance. For June, the Fund averaged 21 positions plus cash and net long position (25%) over the month. Click Manager's Report to read more. |
| More Information |
Fund Review Pengana Absolute Return Asia Pacific Fund June 2016
1 Aug 2016 - Australian Fund Monitors
Latest Fund Review now available on Pengana Absolute Return Asia Pacific Fund, which has over 6 years of track record and annualised return of 8.93% p.a.
Read more...
1 Aug 2016 - Fund Review Pengana Absolute Return Asia Pacific Fund June 2016
By: Australian Fund Monitors
AFM Fund Review - June 2016 (pdf format)
PENGANA ABSOLUTE RETURN ASIA PACIFIC FUND
Attached is our most recently updated Fund Review on the Pengana Absolute Return Asia Pacific Fund.
- The Pengana Absolute Return Asia Pacific Fund ("PARAP") was established in 2008 by portfolio managers Antonio Meroni and Vikas Kumra. The Fund is a feeder fund into a Cayman Islands AUD share class fund.
- The Fund invests both long and short in Asia Pacific equities, including in Australian and New Zealand, after a stock specific "event" has either occurred or been announced and the portfolio aims to be uncorrelated to the underlying equity markets. A combination of the Manager's experience, thorough research and continuous back- testing identify the most attractive of these events.
- Risk controls include limits on individual positions as well as gross and net exposure. Limits are in place for option exposure and cash borrowing, with stop loss limits on individual positions. Overall the manager is looking to derive returns from the event strategies as opposed to any currency or market exposures.
- Since inception, the Fund has an annualised return of 8.93% p.a., compared to the AFM's Asia Pacific Index of 4.75%. The Fund has achieved this with lower volatility of 6.38% (Index 11.95%).
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - June 2016 (pdf format)
Affluence Investment Fund
29 Jul 2016 - Australian Fund Monitors
Affluence Investment Fund rose 0.71% in June to take the latest 12-month return to 10.15%.
Read more...
29 Jul 2016 - Affluence Investment 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 | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Fund does not invest directly into any asset class, rather, it invests in investment managers which satisfy Affluence Funds Management's investment criteria; its investment philosophy is based on a formula developed by CEO/Portfolio Manager Daryl Wilson since the start of his career in 1999. The Fund targets total returns of at least 5% above inflation over rolling 3 year periods with volatility of returns less than 50% of the ASX200 Index. The Fund also aims to provide investors with a distribution yield of at least 5% p.a. Finally, the Fund aims to outperform the Australian stock market (S&P/ASX 200 Accumulation Index) by at least 5% in any year in which that index delivers a negative return. To ensure appropriate diversity of managers and limit the potential for conflicts of interest, no more than 20% of the Fund will be invested with any one manager. Affluence seeks to achieve the Funds' investment objective by choosing attractively priced investments overseen by quality managers. The Fund uses a number of processes to identify potential investments including quantitative screens for investments which meet historical performance, volatility and other criteria. They also use a number of external researchers and information sources to assist in this process. |
| Manager Comments | Amongst the 19 unlisted Fund investments, the worst monthly result was -2.8%. More than half of the investments delivered positive performance. The LIC investments had a mixed month in June, but still outperformed the market by around 2.5%. The newly listed WAM Leaders Fund was a key positive contributor. The 19 unlisted funds represented 60% of the total portfolio. Another 17 listed investment companies and other securities represented 20% of the portfolio. The rest of the balance was held in cash. Click below to read the latest Fund Manager's report. |
| More Information |
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%.
Read more...
28 Jul 2016 - Insync Global Titans 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 | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | 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 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 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.
Read more...
28 Jul 2016 - Fund Review: Jamieson Coote Bonds Active Fund June 2016
By: Australian Fund Monitors
AFM Fund Review - June 2016 (pdf format)
Jamieson Coote Bonds Active Fund
Attached is our most recently updated Fund Review on the Jamieson Coote Bonds Active Fund
We would like to highlight the following aspects of the Fund;
- Jamieson Coote Bonds is a Melbourne-based Boutique Manager launched in December 2014.
- The Founders, Charles Jamieson and Angus Coote bring over 30 years of international experience dealing with central banks, hedge funds and real money managers.
- The Jamieson Coote Active Bond Fund is a long-only macroeconomic investment fund, investing in Australian Dollar denominated bonds backed by AAA and AA+ rated Government, Semi (State) Government and Supranational agencies.
- The Fund Objective is to out-perform the Bloomberg Australian Government Bond Index through active management in a sound risk-managed framework and usually holds around 20 bond securities of varying maturities.
AFM Fund Review - June 2016 (pdf format)
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.
Read more...
27 Jul 2016 - Pengana PanAgora Absolute Return Global 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 | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | 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 | 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 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.
Read more...
27 Jul 2016 - Fund Review: QATO Capital Market Neutral Long/Short Fund June 2016
By: Australian Fund Monitors
AFM Fund Review - June 2016 (pdf format)
QATO Capital Market Neutral Long/Short Fund
Attached is our most recently updated Fund Review on the QATO Capital Market Neutral Long/Short Fund.
We would like to highlight the following aspects of the Fund;
- Qato Capital is a Melbourne-based boutique fund manager backed by single family office, Larkfield Funds Management.
- Qato has a systematic, market-neutral strategy which invests exclusively in S&P/ASX 100 stocks.
- The QATO Capital's Q-score process captures and quantifies six broad fundamental factors, which assess multiple underlying sub-categories. Those companies with the top score (quality companies) are included in the "long" portfolio, those with the lowest score are sold short.
- The Fund seeks to preserve capital and maximises absolute returns through active and constant risk management, targeting monthly a net market exposure of 0% to hedge broader market risks through 30 S&P/ASX-100 positions (15 long & 15 short equally-weighted positions).
- Qato Capital's process is entirely systematic - stock selection and risk management are employed in a rules-based approach. The Fund employs no financial leverage/gearing to purchase securities, no derivatives, and no financial products to imitate leverage.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - June 2016 (pdf format)
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%.
Index's return of -2.4%.
Read more...
26 Jul 2016 - Signature Quantitative 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 | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | 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 | 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 |
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.
Read more...
26 Jul 2016 - Supervised Global Income 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 | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | 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 | 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 |
Alexander Credit Opportunities Fund
25 Jul 2016 - Australian Fund Monitors
Alexander Credit Opportunities Fund rose 0.85% for the month of June .
Read more...
25 Jul 2016 - Alexander Credit Opportunities 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 | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Fund may also invest in derivatives for hedging purposes. The portfolio of the Fund comprises primarily Investment Grade holding of 75% of the Fund's assets. Benchmark allocations are Australasia 50% to 100%, North America 0% to 50% and Europe 0% to 50%. Currency hedging may take place depending on benefits to the Fund. |
| Manager Comments | Click below to read the latest monthly report. |
| More Information |
