| Report Date | 25 September 2013 |
| Manager | Allard Partners Australia Pty Limited |
| Fund Name | Allard Investment Fund |
| Strategy | Equity Long |
| Latest Return Date | August 2013 |
| Latest Return | -1.00% |
| Latest 6 Months | 5.10% |
| Latest 12 Months | 16.60% |
| Latest 24 Months | 19.58% |
| Annualised Since Inception | 8.87% |
| Inception Date | 01 July 2003 |
| FUM (millions) | AU$124 |
| Fund Overview | Allard Partners is an absolute return, long only security investor with a single mission to provide its clients with a net compound rate of return on their capital of 15% per annum over the long term. With offices in Hong Kong and Australia, Allard invests in quoted companies in the Asia Pacific region. Allard's investment approach has remained consistent throughout their history. That is to invest prudently but proactively in well-managed businesses that achieve superior returns on capital in industries with long-term growth potential. The Manager uses both broad top-down guidance and detailed bottom-up analysis to identify suitable markets, industries and companies. As long only investors, a critical factor in their performance has been their preparedness to hold cash when they cannot find companies that meet their criteria or are at a sufficient discount to their valuations. |
| Manager Comments | Allard Investment Fund returned -1.0% during August with an allocation of 67.1% equity and 32.9% cash and fixed income.
In terms of geographic allocation the Fund's major allocations are 32.1% HK/China and 13.1% Singapore and in terms of industry the biggest exposure is financial services at 14.5% and conglomerates, 12.2%.
The Fund's lower risk characteristics are shown by the annualised volatility of 8.2% pa as compared to that of the MSCI ASia Pacific ex Japan ($A) of 13.8%, over the last ten years.
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| More Information | » View detailed profile of this fund |
