Investment Objective
The strategy seeks to deliver a positive absolute return, over a three year timeframe, with low volatility. The Fund seeks to exploit mispriced stocks in equity markets around the world, including emerging markets. The 'gross exposure' (total of 'longs' and 'shorts') indicates total exposure to markets and is typically 125 to 200% of capital. The 'net exposure' ('longs' less 'shorts') is a measure of the Fund's exposure to market change and is typically 20 to 40%.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.5 | 0.1 | 0.5 | 1.0 | 0.3 | 0.3 | 1.0 | 0.5 | 0.8 | 0.8 | 0.6 | 0.9 | 0.4 | |
| 2023 | 0.0 | 0.3 | 0.6 | 0.4 | 0.6 | 0.5 | 0.1 | 0.6 | 0.7 | 0.2 | 0.6 | 0.1 | 0.6 |
