The Fund uses a managed futures strategy to generate significant medium-term capital growth independent of overall movements in traditional stock and bond markets within a rigorous risk management framework.

Aspect oversees the Aspect Diversified Futures Fund - Class A by adhering to the Aspect Diversified Programme. 

This programme uses a methodical strategy based on momentum in investing. It applies this strategy to various widely traded global financial products like futures in commodities, currencies, and other financial agreements. The Programme involves around 230 agreements across 180 different markets in eight types of investments. Aspect uses a computer-driven process to collect, analyse, and interpret market information to figure out where the trends are headed in each market. Aspect adapts this process to fit each market's characteristics. They look at a lot of different kinds of market information, like prices, specific details about assets, and broader economic data, to spot and take advantage of how markets are moving.

Benefits of investing in the Aspect Diversified Futures - Class A

Alliance with Aspect

The fund is offered to you by Colonial First State though an alliance with Aspect, providing you the opportunity to have your investment managed by one of the world's leading systematic investment managers.

Professional investment management

Aspect was founded in 1997 by Anthony Todd, Martin Lueck, Michael Adam and Eugene Lambert. Adam and Lueck are two of three co-founders of Adam, Harding & Lueck (AHL, now a part of Man Group plc), where they pioneered the application of systematic techniques to investment management. Aspect invests heavily in the continuous research-driven evolution of its investment systems and their efficient implementation across a wide range of liquid asset classes with the aim of generating high-quality and diversifying returns for clients.

Award winning service

We are committed to delivering superior client service and administration which has been recognised through many industry awards.

Professional investment management

The funds are offered to you by CFSIL though an alliance
with Aspect, providing you the opportunity to have your
investment managed by one of the world’s leading
systematic investment managers.

Diversification

Managed funds can help manage investment risk by
spreading your money across different investments. This
approach is called diversification.

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If you are a direct investor, you can access up-to-date
information on your investments at any time via FirstNet.

About the Fund

Systematic, momentum-based investment programme complemented by a range of modulating strategies. Applied to many of the most liquid global financial and commodity futures, currency forwards and other derivative contracts. Operating in over 220 contracts in over 180 markets across eight different asset classes. Seeks to generate sustainable, high-quality returns, which are uncorrelated with returns from major asset classes.

Investment philosophy and process

Aspect manages the Aspect Diversified Futures Fund - Class A in accordance with the Aspect Diversified Programme (the Programme).

The Programme applies a systematic momentum-based investment strategy to many of the most liquid global financial and commodity futures, currency forwards and other derivative contracts. The Programme operates in approximately 220 contracts in approximately 180 markets across eight different asset classes. A quantitative process is used to collect, process and analyse market data in order to determine the model's view of the trend following opportunities in each market in the portfolio. The process used is similar across all sectors and contracts, but is adapted where appropriate to take into account differences between markets. A wide range of market data is analysed using proprietary statistical tools to identify and exploit directional moves in market behaviour. This data may include price data, idiosyncratic fundamental asset data and market-wide economic data and is tailored for each sector.

The Programme's investment objective is to generate sustainable, high-quality returns which are independent of overall movements in traditional stock and bond markets. The Programme aims to generate these returns within a rigorous risk management framework. By maintaining a comparatively small exposure to any individual contract, the Programme seeks to achieve true sector and contract diversification, thereby allowing a wide range of opportunities to be exploited and maximising expected long-term risk-adjusted returns.

The investment approach that underpins the Programme is proprietary and continues to evolve through rigorous research and development. The initial basis of the strategy was developed by Michael Adam and Martin Lueck in 1983 with significant enhancements applied since that time.

Aspect's investment philosophy has remained consistent since the company's inception and involves a scientific approach to investment driven by Aspect's belief that market prices are not random but rather that they display persistent, statistically measurable and predictable behaviour and idiosyncrasies. Through sophisticated quantitative research and a disciplined approach, these effects can be successfully identified and exploited for investment profit.

How we invest your money

Global financial and commodity futures, currency forwards and (through an unlisted unit trust) other derivative contracts are used to establish the market exposure of the fund. The face value of the fund's combined long and short positions will frequently be greater than 100% of the net asset value of the fund and, as a result, the fund will often be leveraged. The fund receives earnings from cash allocations for the benefit of investors.

Asset allocation

• Cash, futures and forwards: 100%