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| Fund Overview | The Fund's bias is likely to be net long under normal market conditions, with the core strategy being to construct a portfolio of listed equity securities priced at levels that do not adequately reflect their underlying value. The Fund will seek to boost returns and limit potential market downside by selective short selling of individual stocks which are priced at levels that are viewed as materially above their underlying value. The Fund will also use certain trading strategies both within its core portfolio (through rebalancing stock weights and overall market exposure in response to price movements) and in certain other situations (typically of a shorter-duration and/or opportunistic nature) with the objective of further increasing returns. |
| Manager Comments | Optimal's view is that a sell-off in the commodities sector could well emerge if the Fed’s QE2 package is deemed fiscally ‘responsible’ by the standards of hot-money expectations. Meanwhile elements of ‘miracle economy’ in Australia look fragile as evidenced by the divergence between October's equity returns from Resources (+5.1%) and Industrials (+0.2%). |
| More Information | » View detailed profile of this fund |
