| 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 | |
| Manager Comments | The portfolio remains well diversified with a broad spread of securities by legal structure. Bank T2 capital remains a healthy 25% of the portfolio, whilst senior unsecured and senior secured represent 28% and 11% respectively. The fund holds 14% in ASX listed securities. Spectrum emphasise that, with 10% of the portfolio in cash, the Fund can take advantage of any credit spread weakness. The portfolio continues to maintain an investment-grade rating with an average credit rating of BBB+. Spectrum believe Trump's twitter announcements throughout November were the catalyst for a strong equity market earlier in the month. Their view is that increasing tensions between the US and China will keep the market on its toes. They noted global debt continues to rise and believe this may represent a problem over time, especially so if inflation or interest rates rise in the US and/or globally. They also believe markets in Australia will continue to take their lead from the US markets. |
| More Information |
