| Report Date | 13 July 2015 |
| Manager | Morphic Asset Management |
| Fund Name | Morphic Global Opportunities Fund |
| Strategy | Equity Long/Short |
| Latest Return Date | June 2015 |
| Latest Return | -2.44% |
| Latest 6 Months | 10.77% |
| Latest 12 Months | 25.51% |
| Latest 24 Months | 51.63% |
| Annualised Since Inception | 26.55% |
| Inception Date | 02 August 2012 |
| FUM (millions) | AU$110 |
| Fund Overview | The Fund will primarily consist of Global listed shares, and will generally have at least 50% of its net assets invested in these. It may also have short positions in shares that the Manager believes are over-valued, and likely to fall in price, as well as long and short positions in index futures and other derivatives, fixed interest instruments, commodities, credit instruments and currencies. |
| Manager Comments | Morphic Global Opportunities Fund fell 2.44% in June as its benchmark (MSCI AC World Total Return in Australian Dollars) fell 2.75%, resulting in
out-performance of 0.31%. Since inception (August 2nd 2012), the Fund is up 26.55% annualised, against benchmark returns 25.84%.
The biggest contribution to performance was from the US Banking and US Healthcare with Bank of Internet and HCA Holdings. The other large contributor came from Japan with Open House. The main detractors from the month's performance was mainly due to China. The Fund had over 50% of their equity exposure in North American and over 35.0% in the Financial Sector. The Fund closed June fully invested, though with some hedges.
Click below to read the Fund Manager's monthly report and their June outlook of the market. |
| More Information |
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