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| Fund Overview | The investment objective of the Fund is to produce positive annual returns without excessive risk. This is achieved through the use of a quantitative approach to invest both long and short in large cap companies listed on Asian stock exchanges. The Fund may also use index futures to manage risk. Stock prices and company fundamental data are decomposed into directional and mean reverting components. Each of Alpha Beta's models are based on either of these known behaviours with capital management built into each model. The benefit of a quantitative approach is that it is both repeatable and unemotional, and allows a different source of returns to be extracted from a very noisy market environment. |
| Manager Comments | The has recorded 63% positive months since inception and a maximum draw-down of 2.90%. Fund beta is 0.09 mapped to the MSCI AC Asia Pacific Index (MXAP) with a correlation of 0.17 to the same Index. The Fund generated a return of +2.10% during November, with the strongest performance coming from our Quantamental models, in particular in Hong Kong (a contribution of +1.5%) and two of our new markets, Taiwan (+0.7%) and Malaysia (+0.3%). It seems that our recent addition of these markets has already borne fruit. |
| More Information | » View detailed profile of this fund |
