| Report Date | 10 April 2014 |
| Manager | Allard Partners Australia Pty Limited |
| Fund Name | Allard Investment Fund |
| Strategy | Equity Long |
| Latest Return Date | March 2014 |
| Latest Return | 0.10% |
| Latest 6 Months | 2.28% |
| Latest 12 Months | 9.69% |
| Latest 24 Months | 17.06% |
| Annualised Since Inception | 8.59% |
| Inception Date | 01 July 2003 |
| FUM (millions) | AU$120 |
| Fund Overview | Allard Partners is an absolute return, long only security investor with a single mission to provide its clients with a net compound rate of return on their capital of 15% per annum over the long term. With offices in Hong Kong, India and Australia, Allard invests in quoted companies in the Asia Pacific region. Allard's investment approach has remained consistent throughout their history. That is to invest prudently but proactively in well-managed businesses that achieve superior returns on capital in industries with long-term growth potential. The Manager uses both broad top-down guidance and detailed bottom-up analysis to identify suitable markets, industries and companies. As long only investors, a critical factor in their performance has been their preparedness to hold cash when they cannot find companies that meet their criteria or are at a sufficient discount to their valuations. |
| Manager Comments | Allard Investment Fund had a sound month returning 0.1% during March (MSCI Asia ex-Japan ($A) -1.9%) and 9.69% for the previous 12 months. The Fund is characterised by low volatility with a three standard deviation of 6.56% as compared to the ASX 200 Acc number of 11.99%.
At month-end the Fund was 77.2% invested and 22.8% cash and fixed income. The top three geographic exposures were HK/China 37.2%, Singapore 14.9% and India 10.7% while the largest three industry exposures were Financial Services at 17.6%, Conglomerates 13.7% and Telco's at 9.4%, each close to the previous month's exposure.
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| More Information | » View detailed profile of this fund |
