| 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 | NWQ believe the fact that market indices have risen strongly this year against a backdrop of weakening fundamentals presents the Fund's managers with a rich opportunity set on both the long and short side of their portfolios. They noted there are opportunities in the form of growth companies with fundamental support on the long side and companies that are being propped up by low rates and excess liquidity on the short side. There was a high degree of dispersion in the returns of the underlying managers in October and NWQ believe the Fund's positive return demonstrated the benefits of having a diversified portfolio of managers. The Fund's Alpha managers contributed positively to overall performance in October (+0.85%) while the Beta managers made a small negative contribution (-0.21%). |
| More Information |
