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| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
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| 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 | The Fund returned -0.58% in March. NWQ noted the adoption of a more dovish tone by central banks in March stoked fears of a global slowdown and that there now seems to be unanimous agreement that global growth is under pressure. This sparked a broad rally in developed market government bonds which saw the yield curve invert, thereby signalling that investors see weaker growth on the horizon. NWQ added that this shift in market sentiment produced mixed results from the Fund's underlying managers. Should this move extend and they see a contraction of price/earnings multiples then this, they expect, will open up more opportunities for those underlying managers with long/short strategies (currently 85% of the portfolio). |
| More Information |
