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| Latest Return Date | |
| Latest Return | |
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| Fund Overview | |
| Manager Comments | The Fund's lower risk is evidenced by a downside deviation of 1.87% (ASX 200 Accum 5.70%). The Sortino ratio of 14.88% as compared to 3.37% (Index) and the Sharpe ratio of 3.10 compared to 1.87 (Index) demonstrate the Fund's strong risk-adjusted returns. In a weak month, the Fund's top contributors were a few individual stocks in a variety of countries along with some hedges. Offsetting this were givebacks on two of July's main alpha sources: currency and interest rate hedges and the Fund overweight to the US bank sector. The Fund ended the month underweight the US market, and to a lesser degree also underweight Europe and Emerging Markets. It remained overweight Japan, but overall a little less than fully invested. |
| More Information | » View detailed profile of this fund |
