| Report Date | 26 February 2014 |
| Manager | Allard Partners Australia Pty Limited |
| Fund Name | Allard Investment Fund |
| Strategy | Equity Long |
| Latest Return Date | January 2014 |
| Latest Return | -1.10% |
| Latest 6 Months | 0.85% |
| Latest 12 Months | 8.57% |
| Latest 24 Months | 22.62% |
| Annualised Since Inception | 8.70% |
| Inception Date | 01 July 2003 |
| FUM (millions) | AU$120 |
| Fund Overview | Allard Partners is an absolute return, long only security investor with a single mission to provide its clients with a net compound rate of return on their capital of 15% per annum over the long term. With offices in Hong Kong and Australia, Allard invests in quoted companies in the Asia Pacific region. Allard's investment approach has remained consistent throughout their history. That is to invest prudently but proactively in well-managed businesses that achieve superior returns on capital in industries with long-term growth potential. The Manager uses both broad top-down guidance and detailed bottom-up analysis to identify suitable markets, industries and companies. As long only investors, a critical factor in their performance has been their preparedness to hold cash when they cannot find companies that meet their criteria or are at a sufficient discount to their valuations. |
| Manager Comments | Allard Investment Fund returned -1.1% during January, a good outcome in difficult Asian markets which fell 3.3% (MSCI Pacific ex Japan (A$)).
The Fund's sector break up was dominated by financial services 17.0%, conglomerates 12.9% and telcos at 9.3%. Cash (and fixed income) continued to provide a useful buffer with volatility approximately two-thirds of the above Index, and was 26.4% of assets at month-end.
Geographical weighting was biased to HK/China 35%, Singapore 14.1% and India at 9.4%. |
| More Information | » View detailed profile of this fund |
