| Report Date | 17 February 2011 |
| Manager | Pengana Capital |
| Fund Name | Pengana Global Bond Fund |
| Strategy | Fixed Income |
| Latest Return Date | January 2011 |
| Latest Return | 0.70% |
| Latest 6 Months | 3.34% |
| Latest 12 Months | 8.28% |
| Latest 24 Months | |
| Annualised Since Inception | 10.02% |
| Inception Date | 01 May 2009 |
| FUM (millions) | AU$238 |
| Fund Overview | The Pengana Global Bond Fund (the Fund) uses a multi manager approach, investing with investment specialists in different debt asset classes to produce a global diversified bond portfolio. The characteristics of debt instruments vary widely requiring particular expertise for active management. Pengana has selected investment managers that demonstrate a superior understanding of the instruments in which they invest and the markets they trade in. The Fund currently invests in government issued securities, corporate debt, mortgages, bank loans and cash. The Fund's investments are managed within ranges to allow the Fund to take advantage of investment opportunities and manage risk. The exposure to international debt investments is hedged back into Australian dollars with the intention of limiting the Fund's exposure to currency risk. |
| Manager Comments | Pengana's multi manager Global Bond Fund added 0.7% in January as government bond yields consolidated, and credit markets benefited from a more stable yield environment. Emerging markets were impacted towards the end of the month as political unrest in Tunisia and Egypt unfolded.
Bank Loans produced the best performances for the month, followed by Mortgages and to a lesser degree Credit, while Treasuries and Emerging Markets were marginally negative |
| More Information | » View detailed profile of this fund |
