| 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 aims to produce returns, after management fees and expenses of between 8% to 11% p.a. over rolling five-year periods. Furthermore, the Fund aims to achieve these returns with volatility that is a fraction of the Australian equity market, in order to smooth returns for investors. |
| Manager Comments | The Fund's negative performance was mainly due to the macro and political factors that fuelled market uncertainty. The portfolio's Beta managers, utilizing a range of long/short equity strategies, attributed -0.74% for the month. Alpha managers were also down for the month, attributing -1.45%. The Fund is currently invested in nine Australian-domiciled investment managers - five equity market neutral and four equity beta-correlated strategies, complemented by a modest cash allocation. Throughout the month, selective rebalancing was implemented within the Beta strategy and the cash allocation was increased to provide optionality around this rebalancing. NWQ continues to expect destructive equity and bond market volatility and therefore the portfolio remains overweight to the Alpha or market neutral strategies. Click below to read the latest Fund's Report. |
| More Information |
