| Report Date | 11 July 2013 |
| Manager | Morphic Asset Management |
| Fund Name | Morphic Global Opportunities Fund |
| Strategy | Equity Long/Short |
| Latest Return Date | June 2013 |
| Latest Return | 1.84% |
| Latest 6 Months | 18.65% |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | 34.31% |
| Inception Date | 02 August 2012 |
| FUM (millions) | AU$26 |
| Fund Overview | The Fund will primarily consist of Global listed shares, and will generally have at least 50% of its net assets invested in these. It may also have short positions in shares that the Manager believes are over-valued, and likely to fall in price, as well as long and short positions in index futures and other derivatives, fixed interest instruments, commodities, credit instruments and currencies. |
| Manager Comments | The Morphic Global Opportunities Fund recorded 1.84% during June. The Fund's top stock contributors this month came from individual stocks in a variety of countries, plus a few successful macro-economic tilts based on the Manager's belief that US government bond rates would rise, and the Australian dollar would continue to fall.
From a thematic view, the US banking basket was the best contributor. Most of this came from the Fund's largest individual company position, Wells Fargo. However US Bancorp and all the smaller regional banks holdings also helped.
The Manager believes the turbulence caused by recognition the US will soon reduce the pace of money printing is starting to ease in, particularly in developed markets. As a result the Fund is now fully invested again. |
| More Information | » View detailed profile of this fund |
