| 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 quantitative model is proprietary and designed in-house. The critical elements are Valuation, Momentum, and Quality (VMQ) and every stock in the global universe is scored and ranked. Verification of the quant model scores is then cross checked by fundamental analysis in which a company's Accounting policies, Governance, and Strategic positioning is evaluated. The manager believes strategy is suited to investors seeking returns from investing in global companies, diversification away from Australia and a risk aware approach to global investing. It should be noted that this is a strategy in an IMA format and is not offered as a fund. An IMA solution can be a more cost and tax effective solution, for clients who wish to own fewer stocks in a long only strategy. |
| Manager Comments | The Strategy's quarterly unhedged returns were impacted slightly by the rise in the Australian dollar. They suspect the departure of the UK, a sizeable net contributor, from the EU may be a catalyst for a re-appraisal of EU economic policy and noted they remain underweight the region and the Euro while the politicians continue to impair economic wellbeing. Notable contributors over the quarter were Hitachi High Tech (+21%), Sony (+16%), Legal & General (+25%) and AES (+23%). Delft remain unhedged for AUD$ based investors. At the end of the quarter the portfolio was most heavily weighted towards North America (56% of the portfolio), followed by Japan (17%), Asia ex-Japan (12%), United Kingdom (8%), France/Germany (6%) and 1% in cash. By sector the Fund was most heavily weighted towards the Financials sector (22% of the portfolio), followed by IT (16%), Industrials (14%), Consumer Discretionary (13%), Health Care (9%), Utilities (9%), Communication Services (7%), Consumer Staples (4%), Energy (3%) and Materials (2%). |
| More Information |
