| 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 Manager does not target a specific investment style. The Manager's investment strategy is based on attempting to pick emerging trends in the equity and commodity markets. |
| Manager Comments | The coal sector was a strong contributor with strengthening coking coal prices assisting the fund's holding in Bathurst which rose 39%, while Rey Resources gained 67%, and Gloucester Coal rose 19%. Gross exposure as at the end of the month stood at 129% (113% long and 15% short) with net exposure at 98%, with equities accounting for approximately 95% of gross with commodities via futures and options the balance. Sector allocations remain strongly skewed to the resources sector with Coal (37%), Gold (32%) and Base Metals and Energy (10%) dominating while the top 5 positions accounted for 37% of NTA and the top 10 56%. |
| More Information | » View detailed profile of this fund |
