9 Oct 2013 - Fund Review: Prism Active Equity Fund

Attached is our most recently updated Fund Review on the AFM Prism Active Equity Fund.  

Attached is our most recent update of the Fund:

• The Prism Active Equity Fund ("Fund") comprises a portfolio of 5 to 10 underlying Australian absolute return managers each investing in ASX listed equities. 
• The Fund's objective is to achieve double-digit annualised returns with significantly lower volatility than the underlying equity markets, with a focus on capital protection.
• To date the Fund has delivered 5.59% and, in keeping with it's low volatility mandate, has an annualised standard deviation of 2.48% (since inception in October 2012). The Fund's maximum drawdown is 1.42% as compared to 6.72% for the ASX 200 Accum Index 
• Fund selection is made based on a combination of quantitative analysis of past performance and risk, coupled with extensive analysis and due diligence of the underlying manager's processes and pedigree.

Sean Webster

Research and Database Manager
Australian Fund Monitors