| 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 RBA Cash Rate + 4.0-5.0% 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 | The Fund's capacity to significantly outperform in falling and volatile markets is highlighted by the following statistics (since inception): Sortino ratio of 1.13 vs the Index's 0.55, maximum drawdown of -8.77% vs the Index's -26.75%, and down-capture ratio of 13.25%. NWQ highlighted that, at the time of writing their latest report, the RBA had completed $120bn (approx. 10% of GDP) of bond purchases since March, and noted with the labour market improving policymakers have to strike a balance between the risk that continuing policy support will lead to overinflated asset prices and the risk that tapering policy support will reduce export competitiveness via a stronger AUD. NWQ believe the way in which this trade-off is navigated has the potential to be a source of equity market volatility in 2021. The Fund continues to maintain a low net exposure to both equity and bond markets. |
| More Information |
