| Report Date | 03 April 2013 |
| Manager | Allard Partners Australia |
| Fund Name | Allard Investment Fund |
| Strategy | Equity Long |
| Latest Return Date | February 2013 |
| Latest Return | 1.40% |
| Latest 6 Months | 10.94% |
| Latest 12 Months | 11.84% |
| Latest 24 Months | 12.87% |
| Annualised Since Inception | 8.79% |
| Inception Date | 01 July 2003 |
| FUM (millions) | AU$128 |
| Fund Overview | Allard Partners is an absolute return, long only security investor with a single mission to provide its clients with a net compound rate of return on their capital of 15% per annum over the long term. With offices in Hong Kong and Australia, Allard invests in quoted companies in the Asia Pacific region. Allard's investment approach has remained consistent throughout their history. That is to invest prudently but proactively in well-managed businesses that achieve superior returns on capital in industries with long-term growth potential. The Manager uses both broad top-down guidance and detailed bottom-up analysis to identify suitable markets, industries and companies. As long only investors, a critical factor in their performance has been their preparedness to hold cash when they cannot find companies that meet their criteria or are at a sufficient discount to their valuations. |
| Manager Comments | The Allard Investment Fund reports a return of 1.4% for February 2013 and 11.8% for the preceding 12 months, a below benchmark return.
The Fund's longer term record shows an above benchmark return over 3, 5 and 7 years with volatility 70% of the Index benchmark (MSCI Asia-Pacific ex Japan in $A). The Fund's cash holdings have acted to improve performance in draw-downs and dampen volatility.
The portfolio is well diversified with 27.7% of holdings in China/HK and 11.8% in Singapore. Cash is currently at 34.4% and the Australian exposure is 2.2%. Sector exposure is also well diversified with large exposures to financials, conglomerates and utilities. The top 5 holdings are 35.2% of the portfolio. |
| More Information | » View detailed profile of this fund |
