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Cadence Capital

About this Fund

Fund Detail

PDS
FUND MANAGER Cadence Asset Management
ASX Code CDM*
APIR
ASSET CLASS LISTED INVESTMENT COMPANY
INVESTMENT STYLE CDM invests primarily in securities listed both in Australia and internationally.
INVESTMENT PROFILE CDM aims to deliver above market risk adjusted returns.
CURRENCY MANAGEMENT Unhedged
INCEPTION DATE
BENCHMARK All Ordinaries Accumulation Index
FUND SIZE All Ordinaries Accumulation Index
DISTRIBUTION FREQUENCY Half-yearly
NO. OF HOLDINGS
FEES 1.0% p.a.
STRUCTURE

Benefits

Benefits

Benefits of investing in CDM

CDM's philosophy is underpinned by four long held investment beliefs:

1. Using both Fundamental and Technical Research is critical

We believe a combination of Fundamental and Technical research has a greater probability of producing higher returns than either Fundamental or Technical research alone.

2. Disciplined Entry and Exit' strategy

We see the Entry and Exit' strategy (Technical) to be as important as the investment decision (Fundamental). 

3. Open Mandate

Cadence considers having an open mandate' (which allows the company to invest in any listed equity and have the ability to allocate between equities and cash), as a key tenant in our approach to managing money.

4. Long and Short

Having the ability to take both long and short positions assists in generating excess returns.
RISK LEVEL
INVESTOR SUITABILITY

Risks

Title
Detail

Key Features

About the Fund

Cadence Capital Limited is a Listed Investment Company (LIC) that invests in listed equities, with the aim of producing above market risk-adjusted returns over time. CDM listed on the ASX in December 2006 and currently has $300m of Funds Under Management. 50% of our shareholders are Self Managed Super Funds (SMSF).

Karl Siegling, established Cadence Asset Management in 2003 to manage a portfolio based on fundamental and technical analysis, along with a disciplined stock entry/exit strategy.

ASX:CDM has outperformed the market, delivering superior risk adjusted returns since inception (over 13 years).

Mandate

How we invest your money

We visit and analyse 600-800 companies per annum to determine whether they are cheap or expensive.

We overlay our fundamental analysis with technical analysis to see how the stock is trending before making any investment decision.

  • 1st Rule: Do NOT buy a falling stock
  • 2nd Rule: Do NOT short a rising stock
  • 3rd Rule: Wait until the trend emerges then scale into and out of positions. DO NOT AVERAGE DOWN
  • 4th Rule: Monitor short positions very closely as markets fall 3 times as quickly as they rise

The Company's Open Mandate allows us to invest in any listed equity and to allocate between cash and equities depending on how individual stocks in our portfolio are performing.

Many fund managers are restricted on the shares they can invest in; as well as the levels of cash they can hold.

All potential and current portfolio positions are managed and monitored within the Company's proprietary Cadence Dashboard.