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Martin Currie Tactical Allocation Fund - Class A

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/101481-2023-10-28-02:33.pdf
FUND MANAGER Martin Currie Australia
ASX Code
APIR SSB0130AU
ASSET CLASS MULTI-ASSET
INVESTMENT STYLE The Fund seeks to provide exposure to tactical asset allocation decisions between Australian equities, Australian bonds and cash based on an assessment of the relative valuations of these asset classes.
INVESTMENT PROFILE The Fund aims to earn an after-fee return in excess of the Benchmark over rolling five-year periods.
CURRENCY MANAGEMENT Unhedged
INCEPTION DATE 30-09-1998
BENCHMARK 50% S&P ASX 200 Accumulation Index / 50% Bloomberg AusBond Treasury Index
FUND SIZE 50% S&P ASX 200 Accumulation Index / 50% Bloomberg AusBond Treasury Index
DISTRIBUTION FREQUENCY Half-yearly
NO. OF HOLDINGS
FEES 0.80% p.a. of the NAV of the Fund
STRUCTURE

Benefits

Benefits

Benefits of investing in the Martin Currie Tactical Allocation Fund - Class A

The Fund offers a number of significant benefits:

  • exposure to an actively managed core portfolio of Australian equities;
  • exposure to a relatively low risk portfolio of Australian cash and bonds.
  • professional management of your investment with an experienced investment manager;
  • diversification benefits that would be difficult to achieve through direct investment;
  • disciplined portfolio construction; and
  • web-based reporting that includes performance, market commentary and portfolio strategy.

Risk level

High
RISK LEVEL
INVESTOR SUITABILITY

Risks

Title
Detail

Key Features

About the Fund

The Fund seeks to provide exposure to tactical asset allocation decisions between Australian equities, Australian bonds and cash based on an assessment of the relative valuations of these asset classes.

The investment manager's approach is premised on the philosophy that the Australian equity market is efficient over the long term but "short-term inefficient - disciplined investors can exploit short-term market movements to add long-term value.

The Fund is tilted toward the relatively undervalued asset class in the expectation that the undervalued asset class will outperform as it returns to assessed fair value.

The investment manager relies on complementary fundamental and quantitative research, and collective insights into the current investment landscape, to identify the most attractive market opportunities.

Mandate

How we invest your money

The Fund is designed to be used as part of a Unit holder's overall investment portfolio.

The Fund will generally be managed in accordance with the following asset allocation guidelines:

(Asset class: Minimum / Total strategic allocation / Maximum)

  • Australian equities: -50% / 50% / 150%
  • Australian fixed income and cash: -50% / 50% / 150%

Therefore, an investment of 10% of Unit holder's overall investment portfolio (assuming 5% from the target strategic allocation to Australian equities and 5% from the target strategic allocation to Australian fixed income/cash) provides asset allocation through ranges of ±10% either side of the Unit holder's overall investment portfolio allocation to Australian equities and Australian fixed income/cash.

The Fund will use derivatives to implement tactical asset allocation decisions between Australian equities and Australian bonds/cash within the ranges identified. Where the Fund has exposure of more than 100% to an asset class, the derivatives will not be covered by cash or other securities. To the extent that the Fund's derivatives are not covered, the Fund will be leveraged. The Fund does not intend to undertake any other form of borrowing.