| Report Date | 12 July 2018 |
| Manager | Glenmore Asset Management Pty Ltd |
| Fund Name | Glenmore Australian Equities Fund |
| Strategy | Equity Long |
| Latest Return Date | June 2018 |
| Latest Return | 4.01% |
| Latest 6 Months | 9.22% |
| Latest 12 Months | 38.60% |
| Latest 24 Months | |
| Annualised Since Inception | 36.77% |
| Inception Date | 06 June 2017 |
| FUM (millions) | AU$5.2 |
| Fund Overview | The Fund is index unaware with an absolute return focus. The Fund seeks to invest in companies generating strong cashflows at attractive valuations. In absence of attractive investments being identified, the fund will hold cash. Glenmore will use a fundamental, research driven investment process to identify undervalued securities.
The main driver of identifying potential investments will be bottom up company analysis, however macro-economic conditions will be considered as part of the investment thesis for each stock. |
| Manager Comments | The Glenmore Australian Equities Fund rose +4.01% in June, outperforming the ASX200 Accumulation Index by +0.74%. Since inception in June 2016 the Fund has returned +36.77% p.a. versus the Index's +12.14%. The Fund's Sharpe and Sortino ratios, 3.48 and 10.65 respectively, highlight the Fund's capacity to achieve strong risk adjusted returns whilst limiting downside losses. The Fund's up-capture and down-capture ratios since inception indicate that, on a cumulative basis, the Fund has significantly outperformed in both rising and falling markets.
Top performers in the portfolio in June included Appen (+31.0%), Stanmore Coal (+26.1%), NRW Holdings (+25.1%), Navigator Global Investments (+16.1%), Alliance Aviation Services (+12.2%), Lifestyle Communities (+10.8%), Pacific Current (+8.4%) and Emeco (+7.1%). Negative contributors included Imdex (-5.0%) and Atlas Arteria (-3.3%).
Read Glenmore's latest report for their commentary on three of the Fund's top performing stocks - Appen (APX), Stanmore Coal (SMR) and NRW Holdings (NWH). |
| More Information |
|
