| Report Date | 10 January 2017 |
| Manager | Allard Partners Management Limited |
| Fund Name | Allard Investment Fund |
| Strategy | Equity Long |
| Latest Return Date | December 2016 |
| Latest Return | 0.57% |
| Latest 6 Months | 9.33% |
| Latest 12 Months | 9.25% |
| Latest 24 Months | 12.56% |
| Annualised Since Inception | 9.02% |
| Inception Date | 01 July 2003 |
| FUM (millions) | AU$139 |
| Fund Overview | Allard Partners is an absolute return, long only equity investor with a single mission to provide its clients with a net compound rate of return on their capital of 15% per annum over the long term. With offices in Hong Kong, India and Australia, Allard invests in quoted companies in the Asia Pacific region.
Allard's investment approach has remained consistent throughout their history: That is to invest prudently but proactively in well-managed businesses that achieve superior returns on capital in industries with long-term growth potential.
The Manager uses both broad top-down guidance and detailed bottom-up analysis to identify suitable markets, industries and companies. Although long only investors, a critical factor in their strategy and performance is the ability to hold cash when they cannot find companies that meet their criteria or are at a sufficient discount to their valuations. |
| Manager Comments | The Allard Investment Fund's (AIF) rose 0.57% for the month of December 2016 (MSCI Asia Pacific ex-Japan A$ +1.28%). Since inception, the Fund has an annualised return of 9.02% p.a. For December, the Fund's top 5 holdings composed 40.5% of the portfolio. The Fund's largest 3 industry exposures were in Financial Services (14.5%), Telco (13.4%) and Conglomerates (12.3%). Just under half of the portfolio was invested in the Hong Kong / China region (48.3%). Cash and fixed income holdings increased from the prior month's 16.3% to 20.2%. |
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