| 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 | Six of the nine managers delivered a positive return in a month where the domestic equity market fell sharply. In particular, three of the four Beta managers, that have positive net market exposure, delivered a positive return, underlining the importance of stock selection and active risk management. The Beta managers combined for a positive contribution (+0.22%) to overall Fund performance. The Fund's Alpha managers also combined to make a positive contribution (+0.66%) to overall performance in May with three of the five managers delivering a positive return. NWQ continues to believe that there exists further potential for destructive equity and bond market volatility in the coming months, and therefore, the portfolio continues to remain overweight to the Alpha or market neutral strategies. |
| More Information |
