Absolute Equity Performance Fund
About this Fund
Fund Detail
PDS | |
FUND MANAGER | Bennelong Long Short Equity Management |
ASX Code | AEG* |
APIR | |
ASSET CLASS | LISTED INVESTMENT COMPANY |
INVESTMENT STYLE | The Fund employs a market neutral equity strategy. |
INVESTMENT PROFILE | The Fund aims to generate positive returns regardless of the overall equity market performance. |
CURRENCY MANAGEMENT | Active management |
INCEPTION DATE | |
BENCHMARK | N/A |
FUND SIZE | N/A |
DISTRIBUTION FREQUENCY | Half-yearly |
NO. OF HOLDINGS | 50-80 (25-40 Pairs) |
FEES | 1.50% p.a. (plus GST) of the NAV of the Portfolio |
STRUCTURE |
Benefits
Benefits | Benefits of investing in AEG
|
RISK LEVEL | |
INVESTOR SUITABILITY |
Risks
Title | |
Detail |
Key Features
About the FundThe Absolute Equity Performance Fund Limited aims to generate positive returns regardless of the overall equity market performance, through employing a market neutral' equity strategy. The Company's portfolio of investments is managed by Bennelong Long Short Equity Management Pty Ltd, using the same market neutral investment strategy behind the award winning Bennelong Long Short Equity Fund. The Investment Strategy and process is based on the Investment Manager's qualitative analysis that seeks to identify Securities with poorer quality fundamentals that can be considered for Short Positions; and those with higher quality fundamentals that can be considered for Long Positions. This style of market neutral investment is referred to as a Pair Trade. |
Mandate
How we invest your moneyThe Investment Strategy of the Company aims to limit market risk in the Portfolio by seeking to maintain a cash neutral position through the construction of a long/short portfolio predominantly comprised of a series of correlated Long and Short Positions. The Portfolio is expected to contain approximately 50-80 Securities that will be selected and actively managed in 25-40 pairs to comprise the core of the Portfolio (no less than minimum 60.0% of the total Portfolio). There is scope to complement the Portfolio via a limited proportion of uncorrelated pairs and or uncovered long or short stock positions. The Investment Manager will actively manage the Portfolio. The Portfolio is expected to use leverage of up to five times NAV of the Portfolio. This means that compared with an unleveraged fund, assuming that the Portfolio reaches its maximum gross exposure, then a 1.0% increase in the return on assets will result in a 5.0% return to investors; and minus 1.0% decrease in the return on assets will result in a 5.0% decrease in returns to investors. |