| Report Date | 12 November 2013 |
| Manager | Insync Fund Managers |
| Fund Name | Insync Global Titans Fund |
| Strategy | Equity Long |
| Latest Return Date | October 2013 |
| Latest Return | 1.47% |
| Latest 6 Months | 8.67% |
| Latest 12 Months | 20.70% |
| Latest 24 Months | 43.58% |
| Annualised Since Inception | 9.45% |
| Inception Date | 07 October 2009 |
| FUM (millions) | AU$11.6 |
| Fund Overview | Insync's investment strategy is driven by fundamentals combined with active risk management. Insync's aim is to invest in high quality, large cap global companies at attractive prices. Insync looks for companies that can consistently pay rising dividends and earn high returns on invested capital. Insync aims to provide investors with long term capital growth and some income. The Global Titans Fund is a concentrated portfolio of large cap global companies with downside protection. |
| Manager Comments | Insync Global Titans Fund returned 1.47% over October and 20.7% over the previous twelve months with a very low volatility of 6.12%. The Fund continues to show lower risk characteristics with a since inception (October 2009) volatility of 8.26% p.a., maximum draw-down of 4.39% and downside capture of - 0.42. Comparative ASX 200 Accum Index stats are a volatility 12.33% p.a. and maximum draw-down 15.13%.
Notably the Fund has moved its holding of cash and puts to 9.9% from 2.2% the previous month.
Signs of modest economic recovery continue and the US earnings season has been broadly supportive. Although revenue growth is still hard to come by earnings have more often than not surprised on the upside, particularly in the more cyclical sectors such as Consumer Discretionary. Forward guidance by companies is still generally conservative and share prices have risen faster than earnings, making markets look fully priced.
The Fund's unit price increased by 1.47% in October, with the largest positive contributions coming from our holdings in CR Bard, Reckitt Benckiser, Wyndham Hotels, British Sky Broadcasting and Sanofi. The main detractors for the month included Coach and Dr Pepper Snapple.
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| More Information | » View detailed profile of this fund |
