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14 Apr 2011 - Performance Report: Mathews Velocity Fund March 2011

By: Australian Fund Monitors
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Report Date13 April 2011
ManagerMathews Capital Partners
Fund NameMathews Velocity Fund
StrategyEquity Long/Short
Latest Return DateMarch 2011
Latest Return5.31%
Latest 6 Months29.95%
Latest 12 Months56.95%
Latest 24 Months98.44%
Annualised Since Inception46.43%
Inception Date01 July 2006
FUM (millions)AU$103
Fund OverviewThe Fund is a general long/short equity fund principally investing in listed securities in Australia and internationally. The Fund may also invest in unlisted securities which are expected to list within six months of purchase. The Fund is not a market neutral fund and accordingly may switch between net long positions and net short positions. The Fund has the provision for short sales and the use of derivatives as determined by the Manager.

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 CommentsMathews reported another significantly positive month in spite of the volatility which shook the markets, sending the ASX300 benchmark down over 6% before recovering for a small gain.

The fund retained its focus on themes in the resources sectors, with coal and gold positions making up 42% and 29% of NAV respectively. Base metals and others and energy accounted for another 10% of NAV with industrials at 16%.

The Velocity Fund's portfolio remained concentrated with the top 5 positions making up 41% of NAV and the top 10 accounting for 60%.

FUM topped the $100m mark for the first time with performance and strong inflows both assisting.
More Information» View detailed profile of this fund

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