| Report Date | 11 March 2014 |
| Manager | Morphic Asset Management |
| Fund Name | Morphic Global Opportunities Fund |
| Strategy | Equity Long/Short |
| Latest Return Date | February 2014 |
| Latest Return | -0.71% |
| Latest 6 Months | 10.60% |
| Latest 12 Months | 32.37% |
| Latest 24 Months | |
| Annualised Since Inception | 31.18% |
| Inception Date | 02 August 2012 |
| FUM (millions) | AU$45 |
| 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 -0.71% during February with the twelve month result 32.38%. The Fund had over-weights to a range of sectors including Information Technology and Financials and in the sub-sectors of US Financials, Japanese Drug Stores and Global Automotives.
The Fund closed the month fully invested, reflecting a conviction that while the market remains jittery, the bulls have certainly emerged with the upper hand. No currencies are hedged back into Australian dollars. The Fund was slightly overweight the US and Europe, and slightly underweight emerging markets through selected short positions in stock markets and currencies felt to be more vulnerable to economic and political turmoil. |
| More Information | » View detailed profile of this fund |
