| 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 main driver of identifying potential investments will be bottom up company analysis, however macro-economic conditions will be considered as part of the investment thesis for each stock. |
| Manager Comments | The Fund's Sharpe and Sortino ratios (since inception), 0.98 and 1.18 respectively, by contrast with the Index's Sharpe of 0.60 and Sortino of 0.67, highlight its capacity to produce superior risk adjusted returns while avoiding the market's downside volatility. The Fund's up-capture ratio (since inception) of 204% indicates that, on average, is has risen twice as much as the market during the market's positive months. The Fund has achieved up-capture ratios greater than 150% over the past 12, 24 and 36 months. Top contributors in April included Mineral Resources, People Infrastructure, Uniti Wireless, Pinnacle Investment Management and Eagers Automotive. Key detractors included Coronado Global Resources and Whitehaven Coal. Glenmore believe that the main risk to the global economy continues to be inflation, with the prices of most industrial commodities having increased substantially over the past 12 months. They noted many companies are reporting cost pressures which are likely to drive price increases for a range of goods and services. |
| More Information |
