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| 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 | Insync employs four simple screens to narrow the universe of over 40,000 listed companies globally to a focus group of high-quality companies that it believes have the potential to consistently grow their profits and dividends. These screens are: size of the company, balance sheet performance, valuation and dividend quality. Companies that pass this due diligence process are then valued using dividend discount models, free cash flow yield and proprietary implied growth and expected return models. The end result is a high conviction portfolio typically of 15-30 stocks. The principal investments will be in shares of companies listed on international stock exchanges (including the US, Europe and Asia). The Fund may also hold cash, derivatives (for example futures, options and swaps), currency contracts, American Depository Receipts and Global Depository Receipts. The Fund may also invest in various types of international pooled investment vehicles. |
| Manager Comments | The Fund's Sharpe and Sortino ratios for performance since inception, 1.09 and 2.15 respectively, versus the Index's Sharpe of 0.85 and Sortino of 1.42, highlight the Fund's capacity to achieve superior risk-adjusted returns whilst avoiding the market's downside volatility. This is also supported by the Fund's down-capture ratio of 59.72%, indicating that, on average, the Fund has outperforming during months the market has fallen. Unlike Insync's Global Capital Aware Fund, the Global Quality Equity Fund has no downside protection. Insync noted stock selection was the key contributor to the Fund's strong outperformance. Positive contributors included Zoetis, Intuit, S&P Global and Booking Holdings Inc. Detractors included Facebook, Amadeus IT Group, Adidas and Tencent Holdings. The Fund continues to have no currency hedging in place as Insync consider the main risks to the Australian dollar to be on the downside. Insync's view is that current market conditions continue to reflect the trend in place since the GFC of low growth and low inflation. |
| More Information |
