Investment Objective
The fund seeks to achieve positive returns in excess of cash over a full market cycle over the recommended holding period. The investment manager first constructs a macro strategy portfolio to provide a return not correlated to any market, and then overlays this with an investment strategy to generate excess return. The macro strategy portfolio consists of any type of equities and bonds from any type of issuers worldwide and the asset allocation and long or short positioning are driven by macroeconomic, thematic and regional scenarios. The excess return strategy principally targets interest rates, equities, corporate bonds, currencies and commodities.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.7 | 0.0 | 0.9 | 0.9 | 0.3 | 0.5 | 0.7 | 0.9 | 0.8 | 0.6 | 0.5 | 0.5 | 0.2 | |
| 2022 | 0.5 | 0.5 | 0.1 | 0.4 | 0.6 | 0.2 | 0.2 | 0.6 | 0.3 | 0.0 | 0.4 | 0.1 | 0.4 |
