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| Fund Overview | The Fund may also invest in derivatives for hedging purposes. The portfolio of the Fund comprises primarily Investment Grade holding of 75% of the Fund's assets. Benchmark allocations are Australasia 50% to 100%, North America 0% to 50% and Europe 0% to 50%. Currency hedging may take place depending on benefits to the Fund. |
| Manager Comments | The portfolio composition of the Fund did see some change over the year. Although the allocation to residential mortgage backed securities (RMBS) was roughly the same, falling from 67% to 65%, the allocation to short dated loans increased from 10% to 19%. Laminar will continue to focus on short dated assets in 2015. These assets are a major contributor to the low credit duration of the Fund (2.2 years as at 31 December) and have provided stability to the unit price when market volatility increased in late 2014 and other assets experienced some negative returns. |
| More Information | » View detailed profile of this fund |
