| Report Date | 14 August 2019 |
| Manager | NWQ Capital Management Pty Ltd |
| Fund Name | NWQ Global Markets Fund |
| Strategy | Multi Strategy |
| Latest Return Date | July 2019 |
| Latest Return | 2.92% |
| Latest 6 Months | 3.69% |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | 5.78% |
| Inception Date | 01 September 2018 |
| FUM (millions) | |
| Fund Overview | The NWQ Global Markets Fund (Fund), managed by NWQ Capital Management, is a diversified multi manager portfolio. The principal investment objective of the Fund is to produce returns commensurate with the volatility target of 15% p.a. as measured by the long term standard deviation of monthly returns.
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 NWQ Global Markets Fund returned +2.92% in July, taking cumulative performance since inception in September 2018 to +5.28%. NWQ noted there were strong positive contributions to the Fund's overall return in July from currency exposures. The Fund also saw positive contributions from fixed income and commodity exposures. These gains were partially offset by a modest negative contribution from exposures to global equity markets.
The portfolio comprises funds that invest in FX (47.3%), global macro (32.7%) and managed futures (32.7%). The contribution from each strategy to the portfolio's July return (before fees) was +2.58%, -2.03% and +2.69% respectively. |
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