| Report Date | 22 July 2014 |
| Manager | Allard Partners Australia Pty Limited |
| Fund Name | Allard Investment Fund |
| Strategy | Equity Long |
| Latest Return Date | June 2014 |
| Latest Return | -0.60% |
| Latest 6 Months | 1.19% |
| Latest 12 Months | 4.22% |
| Latest 24 Months | 22.61% |
| Annualised Since Inception | 8.58% |
| Inception Date | 01 July 2003 |
| FUM (millions) | AU$117 |
| Fund Overview | Allard Partners is an absolute return, long only security investor with a single mission to provide its clients with a net compound rate of return on their capital of 15% per annum over the long term. With offices in Hong Kong, India and Australia, Allard invests in quoted companies in the Asia Pacific region. Allard's investment approach has remained consistent throughout their history. That is to invest prudently but proactively in well-managed businesses that achieve superior returns on capital in industries with long-term growth potential. The Manager uses both broad top-down guidance and detailed bottom-up analysis to identify suitable markets, industries and companies. As long only investors, a critical factor in their performance has been their preparedness to hold cash when they cannot find companies that meet their criteria or are at a sufficient discount to their valuations. |
| Manager Comments | Allard Investment Fund returned -0.6% during June bringing 12 month performance to 4.22% with a volatility of 4.50%.
Since inception in July 2003 the Fund has returned 8.58% as compared to 10.3% for the MSCI Asia Pacific ex Japan (A$) Index but with around one-half the volatility at 8.7% and 15.4% respectively.
In terms of geographical exposure the Fund's largest exposure is China/HK at 42.2% and Singapore at 12.7% at month-end. Cash and Fixed Income were 23% of the portfolio.
In terms of industry sectors exposures were dominated by financial services at 18.7% and conglomerates at 12.7%. Top five holdings were 41.4% of the portfolio. |
| More Information | » View detailed profile of this fund |
