| Report Date | 14 January 2014 |
| Manager | Morphic Asset Management |
| Fund Name | Morphic Global Opportunities Fund |
| Strategy | Equity Long/Short |
| Latest Return Date | December 2013 |
| Latest Return | 3.85% |
| Latest 6 Months | 20.09% |
| Latest 12 Months | 42.49% |
| Latest 24 Months | |
| Annualised Since Inception | 37.73% |
| Inception Date | 02 August 2012 |
| FUM (millions) | AU$41 |
| Fund Overview | The Fund will primarily consist of Global listed shares, and will generally have at least 50% of its net assets invested in these. It may also have short positions in shares that the Manager believes are over-valued, and likely to fall in price, as well as long and short positions in index futures and other derivatives, fixed interest instruments, commodities, credit instruments and currencies. |
| Manager Comments | Morphic Global Opportunities Fund returned 3.85% during December as the Fund benefited from $A weakness, holdings in US stocks as well as a short position on US bonds and other currencies. Full year performance was 42.49%, in line with the Fund's benchmark.
The biggest out-performers in the portfolio were all US listed stocks, led by Chinese online gaming and media company Netease; chip design software maker Mentor Graphics; oil refiner Valero Energy and computer hard drive maker Western Digital.
The Fund closed the year fully invested, but with a significant overweight to developed markets, led by Japan, and a large underweight in emerging markets.
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| More Information | » View detailed profile of this fund |
