Antipodes Asia Fund

APIR: IOF0203AU

Manager Summary

Antipodes is a global asset manager offering a pragmatic value approach across long only and longshort strategies. It aspires to grow client wealth over the long-term by generating absolute returns in excess of the benchmark at below market levels of risk. Antipodes seeks to take advantage of the market's tendency for irrational extrapolation, identify investments that offer a high margin of safety and build high conviction portfolios with a capital preservation focus.

Antipodes is majority owned by its investment team.

Strategy Summary

The fund aims to achieve absolute returns in excess of the MSCI All Country Asia Acc Index (ex-Japan) AUD unhedged over the investment cycle (typically 3-5 years). It may invest in companies that are listed on Asian share markets as well as companies listed on global share markets which derive >65% of their revenues from Asia.

The portfolio can have a maximum of 30% net exposure to Japan, and 15% to Oceania and non-Asian emerging markets. In the absence of finding securities that meet minimum risk-return criteria, cash may be held.

Key Terms

Status: Open Inception Date: Jul 2015
Strategy: Equity Long/Short Style: Growth
Geography: Asia Pacific Domicile: Australia
Investors: Wholesale Min. Investment: AU$ 25,000
Distributions: Annually Liquidity: Daily
Fund Size: AU$ 23m Management Fee: 1.20%
Manager FUM: AU$ 8,000m Performance Fee: 15.00%

Key Statistics

Fund Index* Fund Index*
Sep 2022: -5.27% -6.90% Sharpe1: 0.23 0.22
1 Year: -34.08% -19.67% Sortino1: 0.22 0.22
3 Years2: -6.77% -1.66% Best Month: 7.66% 6.73%
5 Years2: -1.41% 0.90% Worst Month: -13.65% -9.05%
Inception2: 3.29% 2.98% Volatility1,2: 12.37% 10.98%
Up-Capture1: 79% N/A Down-Capture1: 89% N/A
*MSCI All Country Asia Pacific ex-Japan,   1Since Jul 2015,   2Annualised

Cumulative Returns
Fund Index

Antipodes Asia Fund - Cumulative Performance vs MSCI All Country Asia Pacific ex-Japan

 

Drawdowns
Fund Index

Drawdown%

 
Fund Index

Quintile Ranking vs. Equity Alternative - Asia Peer Group (9 funds) as at August 2022

1 Year
3 Year
5 Year
7 Year
Antipodes Asia Fund
Asia Pacific Index Benchmark
Quintile Rankings display Key Performance Indicators (KPI's) against the fund's Peer Group. Each green square ranks the fund in one quintile (or 20%) of its peer group - five green squares indicate the fund is in the best quintile for each KPI. The performance of the peer group's underlying index is shown by a red dot.