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| 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 | For February majority of the Fund's portfolio composition was in Residential Mortgage Backed Securities (RMBS) at 53%, followed by Short-dated loans at 20%. For 2016, the asset class that has performed well for the Fund is government bonds. The price of the 10 year Australian government bond for instance started the year at 112 and rose 4.4% to 117 in mid-February. Though the Fund does not invest in government bonds or take interest rate risk generally (all of its assets are floating rate notes) but it does look to hedge market volatility via other methods. This has helped the Fund achieve positive returns for the first two months of the year. |
| More Information |
