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| Fund Overview | The Cor Capital Fund is a Multi- Asset Fund which combines a pre-determined strategic asset allocation with active but systemised rebalancing to generate returns and manage volatility whilst maintaining transparency and liquidity. The Fund strategy is not reliant on accurate market predictions, forecasts or timing for success. Returns are generated in a number of ways; 1) by maintaining sufficiently large positions in a diverse group of asset classes, 2) via the 'volatility harvesting' consequences of active rebalancing, and 3) from the offsetting behaviour of certain asset classes under specific conditions. The combined portfolio is expected to exhibit relatively low volatility and low turnover. In the interests of avoiding complexity, maintaining liquidity, and minimising reliance on third parties, the Fund strategy does not employ gearing, derivatives or short-selling. |
| Manager Comments | During the quarter the Fund was up 1.9% and more than half of that return (+0.96%) was attributable to gold which was up 3.7% in Australian dollar terms. Cash (+0.20%), fixed interest (+0.33%) and equities (+0.41%) were all positive contributors across the quarter. With regard to the price of gold bullion, while events in the Ukraine may have pushed speculative money towards the precious metal over the last quarter the Fund's significant strategic exposure is much more about monetary distortion and eventual currency depreciation than any shorter term geopolitical tension. Volatility between the asset classes has been low and there were no re-balancing adjustments triggered throughout the quarter. |
| More Information | » View detailed profile of this fund |
