| 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 | 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 Fund's latest report shows that holdings in cash and fixed income have increased to 23.7% of the portfolio, up from 17.6% as at the end of July, whilst all other holdings aside from those in the utilities sector have decreased. The portfolio remains highly concentrated, with 38.3% of NAV held in the Fund's top 5 stocks. Geographically, Hong Kong and China make up most of the portfolio (44.3%), followed by India (12.3%), Singapore (11.5%), Korea (5.6%), Vietnam (1.6%) and Indonesia (1.0%). |
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