| 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's bias is likely to be net long under normal market conditions, with the core strategy being to construct a portfolio of listed equity securities priced at levels that do not adequately reflect their underlying value. The Fund will seek to boost returns and limit potential market downside by selective short selling of individual stocks which are priced at levels that are viewed as materially above their underlying value. The Fund will also use certain trading strategies both within its core portfolio (through rebalancing stock weights and overall market exposure in response to price movements) and in certain other situations (typically of a shorter-duration and/or opportunistic nature) with the objective of further increasing returns. *Formerly the Optimal Australia Absolute Trust |
| Manager Comments | For the 2018 fiscal year, the Trust's long portfolio comfortably outperformed the ASX200 Accumulation Index. ARCO noted the short portfolio was, perhaps predictably, a drag on returns in a market up 13% for the year - although doing its job to hedge market exposure and the volatility of investor returns. The Fund's return for June was -0.67%. During the month, long positions in Caltex, Link, Computershare, Fairfax and BHP contributed positively. The short portfolio broadly detracted from performance, primarily via ARCO's bank and healthcare exposure. The Trust's Index Futures ('insurance') position was also a drag on performance. |
| More Information |
