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| Fund Overview | |
| Manager Comments | The Fund's since inception (Aug 2012) Sharpe and Sortino ratios are 2.47 and 7.95 with 79% positive months. The Fund's largest gains came from two US Gaming Equipment stocks which were under takeover. All three stocks in the UK water utilities basket also did well. The Fund's US bank basket also made a modest contribution, as did a new basket of Japanese car makers comprising Mazda and Mitsubishi Motors, identified for their own strengths and their improved prospects under a weaker yen regime. The Fund closed the month fully invested and remains positioned for a continuing bull market, with an increased exposure to China, the main change over the month from a top down perspective. All currency hedges had been cut at month end, and the Fund had positioned itself for interest rates to fall in Australia, but rise in the US. |
| More Information | » View detailed profile of this fund |
