| Report Date | 28 April 2014 |
| Manager | Intelligent Investor |
| Fund Name | Intelligent Investor Value Fund |
| Strategy | Equity Long |
| Latest Return Date | March 2014 |
| Latest Return | -1.28% |
| Latest 6 Months | 3.02% |
| Latest 12 Months | 24.63% |
| Latest 24 Months | 63.32% |
| Annualised Since Inception | 14.04% |
| Inception Date | 17 October 2009 |
| FUM (millions) | AU$52.1 |
| Fund Overview | Intelligent Investor Funds Management places no emphasis on predicting short-term price movements or the direction of markets. The focus is on valuing securities and attempting to buy them for substantially less than their underlying value. The Intelligent Investor approach is to be patient, selective and only invest in opportunities where the gap between its estimate of value and the current security price is significant enough to compensate for the large degree of uncertainty inherent in valuing any security. |
| Manager Comments | Intelligent Investor Value Fund recorded -1.28% during March and a strong 24.63% over the previous twelve months as compared to the ASX 200 Accum Index return of 13.46%. Since inception (October 2009) the Fund has returned an annualised 14.04% (Index 8.17%).
The Sharpe (0.78) and Sortino (1.33; Index 0.50) ratios, also since inception, are sound, however the Fund has an above average volatility at 13.27% (Index 12.17%) and a maximum draw-down of 16.05% as compared to the Index at 15.13%.
The Manager's Quarterly Report entitled 'Ducks, Decoupling and Desiderata' covers investing, macro issues and the Fund's shares. The Report is available on the AFM website under the Fund's Profile.
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| More Information | » View detailed profile of this fund |
