| Report Date | 04 August 2013 |
| Manager | Allard Partners Australia Pty Limited |
| Fund Name | Allard Investment Fund |
| Strategy | Equity Long |
| Latest Return Date | June 2013 |
| Latest Return | 0.20% |
| Latest 6 Months | 8.39% |
| Latest 12 Months | 17.65% |
| Latest 24 Months | 18.52% |
| Annualised Since Inception | 9.02% |
| Inception Date | 01 July 2003 |
| FUM (millions) | AU$130 |
| 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 returned 0.2% during June and 17.65% for the 12 months to June 2013. Returns since inception (July 2003) are 9.02% annualised.
The Fund was 71.4% invested with 28.6% held in cash and fixed income (allocated 14.8% of NAV in HK dollars, 4.0% of NAV in US dollars and 9.8% of NAV in Australian dollars).
In terms of geographic breakdown HK/China was 33.4% of NAV, followed by Singapore at 13.4% and Korea at 11.2%.
The Industry break-down was Financial Services 15.0% of NAV, Conglomerates at 12.6% and Telecommunications at 8.5%.
The portfolio top five holdings were 38.9% of total NAV with the next five holdings at 16.3%.
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| More Information | » View detailed profile of this fund |
