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| Fund Overview | The Fund seeks to profit from trading securities which are primarily subject to corporate events or from trading-related securities which the Investment Manager believes are mispriced by the market. The Fund invests in securities that are listed on Asian stock markets and other markets where related securities may be listed and in securities which are listed on markets outside of Asia where more than 70% (by assets or earnings) of the underlying business originates from an Asian country. The Fund aims to generate consistently positive returns which have a low correlation to the Asian stock markets. The objective is to generate 10-20% pa with a standard deviation of 6-10% |
| Manager Comments | The Fund has a particularly low standard deviation of 2.39% (Index 11.63%) and downside deviation of 1.15 (Index 6.92) over the last year. The Manager comments that 'Equity markets started poorly for the year fueled by increased expectation of Fed Tapering and mixed economic data. Contrary to expectation, the Nikkei led the declines in Asia due to US dollar strengthening while spot equity market volatility (measure by the VIX) spiked to ~18%. The Fund weathered this "storm" relatively well in generating alpha, as our low residual beta approach (average net exposure 7.7%) coupled with long volatility hedging lead to the Fund significantly outperforming most equity market benchmarks.' |
| More Information | » View detailed profile of this fund |
