| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| 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 | Notwithstanding the RBA decision not to follow their February 25bps interest rate cut in March, we believe a further reduction is forthcoming. While another interest rate cut will reduce the Fund's running yield, owing to a lower reference rate (BBSW), the corollary is likely to be a broad based 'hunt' for yield, with the exiting of term deposits into risky assets. The Fund is likely to be beneficiary of this rotation with the trading margin on its securities likely to compress, leading to a higher price. Click on the link below to read the latest Fund Manager's Report. |
| More Information |
