| Report Date | 23 January 2011 |
| Manager | Global Trading Strategies |
| Fund Name | Global Trading Strategies Fund (Class A) |
| Strategy | Global Macro |
| Latest Return Date | December 2010 |
| Latest Return | 3.62% |
| Latest 6 Months | 8.59% |
| Latest 12 Months | -1.18% |
| Latest 24 Months | -4.92% |
| Annualised Since Inception | 15.56% |
| Inception Date | 01 June 2005 |
| FUM (millions) | AU$384 |
| Fund Overview | The Fund's strategy focuses on a fundamentally-driven, discretionary approach to trading global markets that seeks to identify turning points in economic cycles, changes in policy direction or geopolitical or climatic events that generate uncertainty about the macroeconomic environment. Each of these opportunities or themes generally last between 12 and 24 months in duration which are actively traded around. The manager has found that markets tend to deviate from fundamentals until there is a catalyst that changes market sentiment and spends a considerable amount of time trying to identify these catalysts. |
| Manager Comments | Global Trading Strategies ended 2010 on a strong note, with the majority of December's return of +3.62% coming from the fixed interest book(+3.15%) in Europe.
Commenting on the outlook for 2011, GTS warned about inflation in Asia and structural weaknesses in North America and the UK, while noting that trading in the Euro would perhaps provide significant opportunities in the year ahead. |
| More Information | » View detailed profile of this fund |
