NEWS
Performance Report: Delft Partners Global High Conviction Strategy
24 Mar 2022 - FundMonitors.com
The Delft Partners Global High Conviction Strategy returned -4.37% in February, an outperformance of +1.37% compared with the Global Equity Index which fell by -5.74%. The strategy has outperformed the index since inception in August 2011,...
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24 Mar 2022 - Performance Report: Delft Partners Global High Conviction Strategy
By: FundMonitors.com
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| Fund Overview | The quantitative model is proprietary and designed in-house. The critical elements are Valuation, Momentum, and Quality (VMQ) and every stock in the global universe is scored and ranked. Verification of the quant model scores is then cross checked by fundamental analysis in which a company's Accounting policies, Governance, and Strategic positioning is evaluated. The manager believes strategy is suited to investors seeking returns from investing in global companies, diversification away from Australia and a risk aware approach to global investing. It should be noted that this is a strategy in an IMA format and is not offered as a fund. An IMA solution can be a more cost and tax effective solution, for clients who wish to own fewer stocks in a long only strategy. |
| Manager Comments | The Delft Partners Global High Conviction Strategy has a track record of 10 years and 7 months and has outperformed the Global Equity Index since inception in August 2011, providing investors with an annualised return of 15.08% compared with the index's return of 13.83% over the same period. On a calendar year basis, the strategy has experienced a negative annual return on 2 occasions in the 10 years and 7 months since its inception. Over the past 12 months, the strategy's largest drawdown was -5.12% vs the index's -7.46%, and since inception in August 2011 the strategy's largest drawdown was -13.33% vs the index's maximum drawdown over the same period of -13.19%. The strategy's maximum drawdown began in February 2020 and lasted 1 year, reaching its lowest point during July 2020. The strategy had completely recovered its losses by February 2021. The Manager has delivered these returns with 1.37% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past five years and which currently sits at 1.11 since inception. The strategy has provided positive monthly returns 88% of the time in rising markets and 13% of the time during periods of market decline, contributing to an up-capture ratio since inception of 100% and a down-capture ratio of 93%. |
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Fund Review: Bennelong Twenty20 Australian Equities Fund February 2022
24 Mar 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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24 Mar 2022 - Fund Review: Bennelong Twenty20 Australian Equities Fund February 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 Kardinia Absolute Return Fund February 2022
23 Mar 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 Mar 2022 - Fund Review: Bennelong Kardinia Absolute Return Fund February 2022
By: FundMonitors.com
AFM Fund Review - February 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 8.03% p.a. with a volatility of 7.71%, compared to the ASX200 Accumulation's return of 6.31% p.a. with a volatility of 14.13%.
- 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 - February 2022 (pdf format)
Fund Review: Bennelong Long Short Equity Fund February 2022
22 Mar 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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22 Mar 2022 - Fund Review: Bennelong Long Short Equity Fund February 2022
By: FundMonitors.com
AFM Fund Review - February 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 20-years' track record and an annualised return of 13.11%.
- 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 0.76 and 1.14 respectively.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - February 2022 (pdf format)
Manager Insights | DS Capital
21 Mar 2022 - FundMonitors.com
Chris Gosselin, CEO of FundMonitors.com, speaks with Rodney Brott, CEO & Executive Director of DS Capital.
The DS Capital Growth Fund has a track record of 9 years and 2 months and has outperformed the ASX 200 Total Return...
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21 Mar 2022 - Manager Insights | DS Capital
By: FundMonitors.com
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Chris Gosselin, CEO of Australian Fund Monitors, speaks with Rodney Brott, CEO & Executive Director of DS Capital. The DS Capital Growth Fund has a track record of 9 years and 2 months and has outperformed the ASX 200 Total Return Index since inception in January 2013, providing investors with an annualised return of 14.56% compared with the index's return of 9.07% over the same period.
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Performance Report: Glenmore Australian Equities Fund
18 Mar 2022 - FundMonitors.com
Over the past 12 months, the Glenmore Australian Equities Fund has risen by +28.44% compared with the ASX 200 Total Return Index which has returned +10.19%, for a difference of +18.25%. The fund has outperformed the index since inception...
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18 Mar 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 9 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 22.52% compared with the index's return of 8.6% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 4 years and 9 months since its inception. Over the past 12 months, the fund's largest drawdown was -8.65% 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 7.05% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 three times over the past four years and which currently sits at 1.02 since inception. The fund has provided positive monthly returns 90% 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 222% and a down-capture ratio of 101%. |
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Performance Report: Insync Global Quality Equity Fund
18 Mar 2022 - FundMonitors.com
Over the past 12 months, the Insync Global Quality Equity Fund has risen by +10.54%. The fund has outperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 13.15% compared with...
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18 Mar 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 5 months and has outperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 13.15% compared with the index's return of 11.37% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 12 years and 5 months since its inception. Over the past 12 months, the fund's largest drawdown was -15.47% vs the index's -7.46%, and since inception in October 2009 the fund's largest drawdown was -15.47% vs the index's maximum drawdown over the same period of -13.59%. The fund's maximum drawdown began in January 2022 and has lasted 1 month, reaching its lowest point during February 2022. During this period, the index's maximum drawdown was -7.46%. The Manager has delivered these returns with 1.35% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past five years and which currently sits at 0.94 since inception. The fund has provided positive monthly returns 82% of the time in rising markets and 21% of the time during periods of market decline, contributing to an up-capture ratio since inception of 83% and a down-capture ratio of 81%. |
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Performance Report: Equitable Investors Dragonfly Fund
17 Mar 2022 - FundMonitors.com
The Equitable Investors Dragonfly Fund has a track record of 4 years and 6 months and therefore comparison over all market conditions and against its peers is limited. Since inception in September 2017, the fund has returned +0.31% per annum.
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17 Mar 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 6 months and therefore comparison over all market conditions and against its peers is limited. Since inception in September 2017, the fund has returned +0.31% per annum, a difference of -8.58% relative to the index which has returned +8.89% on an annualised basis over the same period. The Manager has delivered these returns with 7.91% 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 0.09 since inception. The fund has provided positive monthly returns 57% 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 61% and a down-capture ratio of 109%. |
| More Information |
Performance Report: Insync Global Capital Aware Fund
17 Mar 2022 - FundMonitors.com
Over the past 12 months, the Insync Global Capital Aware Fund has risen by +8.61%, and since inception in October 2009 has returned +11.20% with an annualised volatility of 10.95%.
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17 Mar 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 5 months and has underperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 11.2% compared with the index's return of 11.37% 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 5 months since its inception. Over the past 12 months, the fund's largest drawdown was -15.61% vs the index's -7.46%, and since inception in October 2009 the fund's largest drawdown was -15.61% vs the index's maximum drawdown over the same period of -13.59%. The fund's maximum drawdown began in January 2022 and has lasted 1 month, reaching its lowest point during February 2022. During this period, the index's maximum drawdown was -7.46%. The Manager has delivered these returns with 0.71% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 three times over the past five years and which currently sits at 0.83 since inception. The fund has provided positive monthly returns 81% of the time in rising markets and 23% of the time during periods of market decline, contributing to an up-capture ratio since inception of 59% and a down-capture ratio of 76%. |
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Performance Report: Paragon Australian Long Short Fund
16 Mar 2022 - FundMonitors.com
The Paragon Australian Long Short Fund has a track record of 9 years and has outperformed the ASX 200 Total Return Index since inception in March 2013, providing investors with an annualised return of 11.26% compared with the index's...
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16 Mar 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 | On a calendar year basis, the fund has only experienced a negative annual return once in the 9 years since its inception. Over the past 12 months, the fund's largest drawdown was -27.05% 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 fund had completely recovered its losses by August 2020. The Manager has delivered these returns with 11.37% 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 0.49 since inception. The fund has provided positive monthly returns 68% 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 90% and a down-capture ratio of 82%. |
| More Information |
