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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 | Since inception (Feb 2005) Sharpe and Sortino ratios are well above the Index at 1.13 and 2.30. Our Fund produced a small draw-down (-0.07%). Increased uncertainty and the increase in option prices benefited our Option Strategy (+0.25%). The most significant contributions came from downside exposure to high yielding names such as the major banks and Telstra. Our analysis shows that it is extremely rare for the market to have a fall of this extent without significantly higher realisable volatility (please contact us for a copy of this study) and as a result the steady nature of the sell-off made it difficult to realise any significant gains on the broader market. |
| More Information | » View detailed profile of this fund |
Attached Files:
Supervised High Yield Fund AFM Review Sept 2014 (pdf format)
