17 Sep 2015 - Morphic Global Opportunities Fund

By: Australian Fund Monitors

Report Date	14 September 2015
Manager	Morphic Asset Management
Fund Name	Morphic Global Opportunities Fund
Strategy	Equity Long/Short
Latest Return Date	August 2015
Latest Return	-3.52%
Latest 6 Months	4.38%
Latest 12 Months	26.62%
Latest 24 Months	45.06%
Annualised Since Inception	25.52%
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 3.52% in August. Since inception, the Fund is up 25.52%, annualised and net of all fees, against the benchmark (MSCI AC World Total Return in Australian Dollars) returns 24.96%. The Fund has notable Sortino ratio of 5.85 (Index 4.80). The biggest contribution to performance came from the Japanese property developer Open House and the US home-builder related stocks. The biggest intra-month volatility came from Bank of Internet due to its long awaited merger that had been approved by regulators, only to fall sharply into month end, giving back most of its out-performance. India was the largest detractor and the Fund has exited all their holdings. For the month, the Fund had over 58% of their equity exposure in the North American region and over 21% in the Financials Sector. Click below to read the Fund Manager's monthly report and their September outlook of the market.
More Information	Fund Profile Manager's Report AFM Research Reports

Fund Monitors Pty Ltd

17 Sep 2015 - Morphic Global Opportunities Fund