| Report Date | 26 November 2014 |
| Manager | Allard Partners Australia Pty Limited |
| Fund Name | Allard Investment Fund |
| Strategy | Equity Long |
| Latest Return Date | October 2014 |
| Latest Return | 0.60% |
| Latest 6 Months | 11.09% |
| Latest 12 Months | 13.30% |
| Latest 24 Months | 25.76% |
| Annualised Since Inception | 9.14% |
| Inception Date | 01 July 2003 |
| FUM (millions) | AU$125 |
| 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 recorded a performance of 0.60% during October bringing the annual return to 13.30% with a volatility of 5.81% and a Sharpe ratio of 1.76.
Since inception in July 2003 the Fund's return is 9.0% p.a. as compared to the MSCI Asia Pacific Index of 10.6% with a lower volatility of 7.9% (Index 13.4%). The Sharpe ratio since inception is 0.57.
The Fund's geographic investment break down is Hong Kong 44%, Singapore 11.1% and Korea 7.5%. In terms of industry the largest sector is Financial Services 19.9%, Conglomerates 11.1% and Telco's at 8.5% with Cash and Fixed Income 21.4%. The top 5 stocks are 40.9% of the portfolio. |
| More Information | » View detailed profile of this fund |
