| Report Date | 13 June 2012 |
| Manager | QIC |
| Fund Name | QIC Asia Pacific Market Neutral Fund A$ Class |
| Strategy | Equity Market Neutral |
| Latest Return Date | May 2012 |
| Latest Return | 3.16% |
| Latest 6 Months | 3.02% |
| Latest 12 Months | 0.02% |
| Latest 24 Months | 22.59% |
| Annualised Since Inception | 11.53% |
| Inception Date | 14 July 2009 |
| FUM (millions) | AU$18 |
| Fund Overview | The QIC Asia Pacific Market Neutral Fund invests across the entire Asian region using a systematic investment process. It employs a suite of stock-selection screens to capture significant alpha currently available in Asia, and does so with low risk via a widely diversified portfolio. This diversification is made possible by the breadth of the Asian markets. Each stock-selection screen is premised on a strong fundamental rationale and works across many markets and in varying environments. The portfolio's market-beta exposure is explicitly managed within tight limits, as are net country and sector exposures. |
| Manager Comments | The QIC Asia Pacific Market Neutral Fund (AUD Share class) posted a gross return of 3.16% for the month of May 2012, a strong result in the face of a decline in the MSCI Asia Pacific ex-Japan Index of close to 11%.
Risk aversion continued to build over the month as political instability continued in Europe, soft economic data came out of China and the possibility of Greece exiting the Euro again made headlines. By the last week of the month equity markets were reeling as investors continued to take risk off the table.
In this risk averse environment QIC's quant strategies performed well, with long momentum, analyst sentiment and value factor models all contributing to varying degrees in different geographic markets. Beta driven factors understandably detracted from performance.
|
| More Information | » View detailed profile of this fund |
