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| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
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| Latest 24 Months | |
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| 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 | Despite the volatility, the Fund produced a positive monthly return. This was helped by the Fund having a low weighted average credit duration (1.87 years as at July 31)/ The Fund Manager expects this low credit duration should help avoid significant volatility going forward, which could seen when the US Federal Reserve raise rates. In July, majority of the Fund's portfolio composition was in Residential Mortgage Backed Securities (RMBS) at 69% and Short-dated loans at 19%. Click on the link below to read the latest Fund Manager's Report. |
| More Information |
