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| Fund Overview | The Fund aims to produce positive returns irrespective of the direction of the share market. For each investment the manager considers the risk, the timeline of that risk occurring and then the potential return. Low transaction costs and liquidity are other important factors in the success and implementation of the strategies. |
| Manager Comments | Lack of volatility remains a feature of most global markets and this continues to be a drain on the Protective Option Strategy (-0.51%). Woodside Petroleum was the most significant draw-down. The Fund took the opportunity through the Shell Energy sell down of 13.6% of the company to establish a position to benefit from a possible re-rating ahead of August profit and dividend announcements whilst still maintaining downside protection. In the current low volatility environment it is not surprising that the Yield Strategy was again the most positive performing section of the portfolio (+0.28%) and that all positions produced positive returns for the month. |
| More Information | » View detailed profile of this fund |
