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| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
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| Latest 24 Months | |
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| Fund Overview | |
| Manager Comments | The Fund's top contributors this month were a handful of individual stocks in a variety of countries, a basket trade in US financials, plus gains from the Manager's belief that the Australian dollar would continue to fall and that Australian and US short term interest rates would stay low for considerably longer than the market had been expecting. The main detractors to performance this month were reasonably small. The Manager had eased its way back into shoe manufacturer Crocs this month but exited again after the company made disappointing comments on its short term outlook. The Fund's Japanese home builder basket was also weak as initial results from companies in the sector proved to be lacklustre, and these shares have also now been sold. The Fund is fully invested and overweight in the US and Japan, although the latter overweight has been reduced. The Fund remains un-hedged into Australian dollars and has slowly increased its short position in the currency versus the US dollar and the Euro. |
| More Information | » View detailed profile of this fund |
