NEWS
Fund Review: Bennelong Twenty20 Australian Equities Fund January 2022
28 Feb 2022 - FundMonitors.com
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.
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28 Feb 2022 - Fund Review: Bennelong Twenty20 Australian Equities Fund January 2022
By: FundMonitors.com
AFM Fund Review - February 2022 (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 - February 2022 (pdf format)
Fund Review: Bennelong Long Short Equity Fund January 2022
25 Feb 2022 - FundMonitors.com
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...
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25 Feb 2022 - Fund Review: Bennelong Long Short Equity Fund January 2022
By: FundMonitors.com
AFM Fund Review - January 2022 (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 13.78%.
- 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 0.81 and 1.26 respectively.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - January 2022 (pdf format)
Fund Review: Insync Global Capital Aware Fund January 2022
24 Feb 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...
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24 Feb 2022 - Fund Review: Insync Global Capital Aware Fund January 2022
By: FundMonitors.com
AFM Fund Review - January 2022 (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 - January 2022 (pdf format)
Performance Report: Equitable Investors Dragonfly Fund
24 Feb 2022 - FundMonitors.com
Over the past 12 months, the fund has risen by +17.36% compared with the ASX 200 Total Return Index which has returned +9.44%, for a difference of +7.92%.
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24 Feb 2022 - Performance Report: Equitable Investors Dragonfly Fund
By: FundMonitors.com
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| 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 Equitable Investors Dragonfly Fund has a track record of 4 years and 5 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has provided investors with an annualised return of 0.97% since inception. On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 4 years and 5 months since the start of its track record. Over the past 12 months, the fund's largest drawdown was -12.74% vs the index's -6.35%, and since inception in September 2017 the fund's largest drawdown was -50.64% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in January 2018 and lasted 3 years and 7 months, reaching its lowest point during March 2020. The Manager has delivered these returns with 7.95% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past four years and which currently sits at 0.12 since inception. The fund has provided positive monthly returns 58% of the time in rising markets and 29% of the time during periods of market decline, contributing to an up-capture ratio since inception of 67% and a down-capture ratio of 109%. |
| More Information |
Fund Review: Bennelong Kardinia Absolute Return Fund January 2022
23 Feb 2022 - FundMonitors.com
The latest Fund Review for the Bennelong Kardinia Absolute Return Fund is now available. The Fund, which has been in operation for more than 10 years, has a long-biased, research driven, active equity long/short strategy and invests in...
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23 Feb 2022 - Fund Review: Bennelong Kardinia Absolute Return Fund January 2022
By: FundMonitors.com
AFM Fund Review - January 2022 (pdf format)
BENNELONG KARDINIA ABSOLUTE RETURN FUND
Attached is our most recently updated Fund Review. You are also able to view the Fund's Profile.
- The Fund is long biased, research driven, active equity long/short strategy investing in listed ASX companies.
- The Fund has significantly outperformed the ASX200 Accumulation Index since its inception in May 2006 and also has significantly lower risk KPIs. The Fund has an annualised return of 8.20% p.a. with a volatility of 7.71%, compared to the ASX200 Accumulation's return of 6.20% p.a. with a volatility of 14.16%.
- The Fund also has a strong focus on capital protection in negative markets. Portfolio Managers Kristiaan Rehder and Stuart Larke have significant market experience, while Bennelong Funds Management provide infrastructure, operational, compliance and distribution capabilities.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - January 2022 (pdf format)
Performance Report: Insync Global Quality Equity Fund
22 Feb 2022 - FundMonitors.com
Over the past 12 months, the Insync Global Quality Equity Fund has risen by +22.66% compared with the index which has returned +22.88%. The fund has outperformed the Global Equity Index since inception in October 2009, providing investors...
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22 Feb 2022 - Performance Report: Insync Global Quality Equity Fund
By: FundMonitors.com
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| Fund Overview | Insync invests in a concentrated portfolio of high quality companies that possess long 'runways' of future growth benefitting from Megatrends. Megatrends are multiyear structural and disruptive changes that transform the way we live our daily lives and result from a convergence of different underlying trends including innovation, politics, demographics, social attitudes and lifestyles. They provide important tailwinds to individual stocks and sectors, that reside within them. Insync believe this delivers exponential earnings growth ahead of market expectations. Insync screens the universe of 40,000 listed global companies to just 150 that it views as superior. This includes profitability, balance sheet performance, shareholder focus and valuations. 20-40 companies are then chosen for the portfolio. These reflect the best outcomes from further analysis using a proprietary DCF valuation, implied growth modelling, and free cash flow yield; alongside management, competitor, and industry scrutiny. The Fund may hold some cash (maximum of 5%), derivatives, currency contracts for hedging purposes, and American and/or Global Depository Receipts. It is however, for all intents and purposes, a 'long-only' fund, remaining fully invested irrespective of market cycles. |
| Manager Comments | The Insync Global Quality Equity Fund has a track record of 12 years and 4 months and has outperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 14.13% compared with the index's return of 11.99% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 12 years and 4 months since the start of its track record. Over the past 12 months, the fund's largest drawdown was -6.94% vs the index's -3.04%, and since inception in October 2009 the fund's largest drawdown was -12.64% vs the index's maximum drawdown over the same period of -13.59%. The fund's maximum drawdown began in September 2018 and lasted 7 months, reaching its lowest point during December 2018. The fund had completely recovered its losses by April 2019. The Manager has delivered these returns with 1.16% more volatility than the index, contributing to a Sharpe ratio which has only fallen below 1 once over the past five years and which currently sits at 1.04 since inception. The fund has provided positive monthly returns 82% of the time in rising markets and 22% of the time during periods of market decline, contributing to an up-capture ratio since inception of 83% and a down-capture ratio of 77%. |
| More Information |
Performance Report: Insync Global Capital Aware Fund
18 Feb 2022 - FundMonitors.com
Over the past 12 months, the Insync Global Capital Aware Fund has risen by +20.47%. The fund has a track record of 12 years and 4 months and has outperformed the Global Equity Index since inception in October 2009, providing investors with...
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18 Feb 2022 - Performance Report: Insync Global Capital Aware Fund
By: FundMonitors.com
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| Fund Overview | Insync invests in a concentrated portfolio of high quality companies that possess long 'runways' of future growth benefitting from Megatrends. Megatrends are multiyear structural and disruptive changes that transform the way we live our daily lives and result from a convergence of different underlying trends including innovation, politics, demographics, social attitudes and lifestyles. They provide important tailwinds to individual stocks and sectors, that reside within them. Insync believe this delivers exponential earnings growth ahead of market expectations. The fund uses Put Options to help buffer the depth and duration that sharp, severe negative market impacts would otherwide have on the value of the fund during these events. Insync screens the universe of 40,000 listed global companies to just 150 that it views as superior. This includes profitability, balance sheet performance, shareholder focus and valuations. 20-40 companies are then chosen for the portfolio. These reflect the best outcomes from further analysis using a proprietary DCF valuation, implied growth modelling, and free cash flow yield; alongside management, competitor, and industry scrutiny. The Fund may hold some cash (maximum of 5%), derivatives, currency contracts for hedging purposes, and American and/or Global Depository Receipts. It is however, for all intents and purposes, a 'long-only' fund, remaining fully invested irrespective of market cycles. |
| Manager Comments | The Insync Global Capital Aware Fund has a track record of 12 years and 4 months and has outperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 12.18% compared with the index's return of 11.99% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 12 years and 4 months since the start of its track record. Over the past 12 months, the fund's largest drawdown was -6.76% vs the index's -3.04%, and since inception in October 2009 the fund's largest drawdown was -10.98% vs the index's maximum drawdown over the same period of -13.59%. The fund's maximum drawdown began in September 2018 and lasted 7 months, reaching its lowest point during December 2018. The Manager has delivered these returns with 0.48% more volatility than the index, contributing to a Sharpe ratio which has consistently remained above 1 over the past five years and which currently sits at 0.93 since inception. The fund has provided positive monthly returns 81% of the time in rising markets and 24% of the time during periods of market decline, contributing to an up-capture ratio since inception of 59% and a down-capture ratio of 71%. |
| More Information |
Performance Report: Airlie Australian Share Fund
18 Feb 2022 - FundMonitors.com
Over the past 12 months, the Airlie Australian Share Fund has risen by +20.24% compared with the ASX 200 Total Return Index which has returned +9.44%, for a difference of +10.8%. The fund has outperformed the index since inception in June...
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18 Feb 2022 - Performance Report: Airlie Australian Share Fund
By: FundMonitors.com
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| Fund Overview | The Fund is long-only with a bottom-up focus. It has a concentrated portfolio of 15-35 stocks (target 25). The fund has a maximum cash holding of 10% with an aim to be fully invested. Airlie employs a prudent investment approach that identifies companies based on their financial strength, attractive durable business characteristics and the quality of their management teams. Airlie invests in these companies when their view of their fair value exceeds the prevailing market price. It is jointly managed by Matt Williams and Emma Fisher. Matt has over 25 years' investment experience and formerly held the role of Head of Equities and Portfolio Manager at Perpetual Investments. Emma has over 8 years' investment experience and has previously worked as an investment analyst within the Australian equities team at Fidelity International and, prior to that, at Nomura Securities. |
| Manager Comments | The Airlie Australian Share Fund has a track record of 3 years and 8 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the ASX 200 Total Return Index since inception in June 2018, providing investors with an annualised return of 12.05% compared with the index's return of 7.9% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 3 years and 8 months since the start of its track record. Over the past 12 months, the fund's largest drawdown was -6.59% vs the index's -6.35%, and since inception in June 2018 the fund's largest drawdown was -23.8% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 9 months, reaching its lowest point during March 2020. The Manager has delivered these returns with 0.36% less volatility than the index, contributing to a Sharpe ratio which has fallen below 1 two times over the past three years and which currently sits at 0.76 since inception. The fund has provided positive monthly returns 100% of the time in rising markets and 14% of the time during periods of market decline, contributing to an up-capture ratio since inception of 114% and a down-capture ratio of 92%. |
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Performance Report: Glenmore Australian Equities Fund
18 Feb 2022 - FundMonitors.com
Over the past 12 months, the fund has risen by +27.8%, outperforming the ASX200 Total Return Index by +18.36%. The fund has outperformed the index since inception in June 2017, providing investors with an annualised return of 23.26%...
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18 Feb 2022 - Performance Report: Glenmore Australian Equities Fund
By: FundMonitors.com
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| 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 8 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the ASX 200 Total Return Index since inception in June 2017, providing investors with an annualised return of 23.26% compared with the index's return of 8.27% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 4 years and 8 months since the start of its track record. Over the past 12 months, the fund's largest drawdown was -7.62% vs the index's -6.35%, and since inception in June 2017 the fund's largest drawdown was -36.91% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in October 2019 and lasted 1 year and 1 month, reaching its lowest point during March 2020. The fund had completely recovered its losses by November 2020. The Manager has delivered these returns with 7.08% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 two times over the past four years and which currently sits at 1.04 since inception. The fund has provided positive monthly returns 92% of the time in rising markets and 39% of the time during periods of market decline, contributing to an up-capture ratio since inception of 233% and a down-capture ratio of 101%. |
| More Information |
Performance Report: Paragon Australian Long Short Fund
17 Feb 2022 - FundMonitors.com
Over the past 12 months, the Paragon Australian Long Short Fund has risen by +28.96% compared with the ASX 200 Total Return Index which has returned +9.44%, for a difference of +19.52%. The fund has outperformed the index since inception...
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17 Feb 2022 - Performance Report: Paragon Australian Long Short Fund
By: FundMonitors.com
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| Fund Overview | Paragon's unique investment style, comprising thematic led idea generation followed with an in depth research effort, results in a concentrated portfolio of high conviction stocks. Conviction in bottom up analysis drives the investment case and ultimate position sizing: * Both quantitative analysis - probability weighted high/low/base case valuations - and qualitative analysis - company meetings, assessing management, the business model, balance sheet strength and likely direction of returns - collectively form Paragon's overall view for each investment case. * Paragon will then allocate weighting to each investment opportunity based on a risk/reward profile, capped to defined investment parameters by market cap, which are continually monitored as part of Paragon's overall risk management framework. The objective of the Paragon Fund is to produce absolute returns in excess of 10% p.a. over a 3-5 year time horizon with a low correlation to the Australian equities market. |
| Manager Comments | The Paragon Australian Long Short Fund has a track record of 8 years and 11 months and has outperformed the ASX 200 Total Return Index since inception in March 2013, providing investors with an annualised return of 13.29% compared with the index's return of 7.85% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 8 years and 11 months since the start of its track record. Over the past 12 months, the fund's largest drawdown was -15.05% vs the index's -6.35%, and since inception in March 2013 the fund's largest drawdown was -45.11% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in January 2018 and lasted 2 years and 7 months, reaching its lowest point during March 2020. The Manager has delivered these returns with 10.89% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.57 since inception. The fund has provided positive monthly returns 69% of the time in rising markets and 46% of the time during periods of market decline, contributing to an up-capture ratio since inception of 110% and a down-capture ratio of 82%. |
| More Information |
