| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | This is achieved through active allocations to a select number of liquid alternative managers that employ a variety of strategies. The Fund places emphasis on managers who demonstrate a rigorous and repeatable investment process that has delivered a strong track record. |
| Manager Comments | The Fund's currency and equities exposures delivered strong positive returns in April with contributions from the relative value positioning in both developed and developing market currencies and relative value positioning in European equities vs. US equities. The Fund's fixed income positions combined to produce a modest loss while there was a small gain overall from the Fund's commodities positions. NWQ noted the trend of desynchronization in growth outlooks and policy settings across the major global economies continued in April. They pointed out the latest manufacturing PMI data (a barometer of economic activity) indicates that the US economy is relatively strong compared with those in Europe and Asia. However, they added, due to stubbornly low inflation in the US, traders are betting the next move from the Fed will be a rate cut. Against this backdrop there were positive contributions to the Fund's overall return from both the systematic (+1.49%) and discretionary (+0.84%) managers. |
| More Information |
