| 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 | 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's performance in July was disproportionately driven by the Alpha managers (+2.73%), with the Beta managers also making a positive contribution (+0.56%). This was the Fund's largest monthly gain since July 2015 and the second largest since its inception in May 2013. NWQ's view is that the current global environment presents investors with a mosaic of risks. These range from the continuing and escalating disagreement between the US and China on trade, ongoing uncertainty around Brexit, the deceleration and likely recession in continental Europe, and the fissures opening up in emerging markets such as Argentina. They believe recent volatility is likely to continue and could become more pronounced given that fundamentals continue to deteriorate with falling earnings coupled with a fragile global macro environment. |
| More Information |
