| Report Date | 18 December 2013 |
| Manager | Allard Partners Australia Pty Limited |
| Fund Name | Allard Investment Fund |
| Strategy | Equity Long |
| Latest Return Date | November 2013 |
| Latest Return | 2.80% |
| Latest 6 Months | 3.20% |
| Latest 12 Months | 13.87% |
| Latest 24 Months | 26.84% |
| Annualised Since Inception | 8.96% |
| Inception Date | 01 July 2003 |
| FUM (millions) | AU$121 |
| 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 2.80% during November and 13.87% for the previous twelve months with a low volatility of 6.99% and equity exposure of 70.6%.Cash and fixed holdings were 29.4%.
The Fund's low volatility is evidenced by its maximum draw-down of 18.29% and downside deviation of 5.45% with the comparative S&P/ASX 200 Accum Index data of 47.19% and 9.90% respectively. Data is since inception in July 2003.
Geographic exposure was China/HK 33.6%, Singapore 13.0% and Korea 9.9%. The industry break-down was dominated by Financial Services at 15.5%, Conglomerates at 12.0% and Telco's at 8.8%. |
| More Information | » View detailed profile of this fund |
