CFML Antipodes Global Fund
About this Fund
|FUND MANAGER||Antipodes Partners|
|ASSET CLASS||GLOBAL EQUITIES|
|INVESTMENT STYLE||The Fund provides a diversified exposure to listed international equities, including both developed and emerging market equities.|
|INVESTMENT PROFILE||The Fund aims to provide a total return (before the deduction of fees, charges and tax) that exceeds the return from its Benchmark over the investment cycle (typically 3 to 5 years).|
|CURRENCY MANAGEMENT||Active management|
|BENCHMARK||MSCI All Country World Net Index (AUD)|
|FUND SIZE||MSCI All Country World Net Index (AUD)|
|NO. OF HOLDINGS||20-60|
Benefits of investing in the CFML Antipodes Global Fund
Investing in the Fund offers investors a range of benefits.
This Fund is suitable for investors seeking capital growth, with some income, who have long term investment goals and a tolerance for high levels of volatility.
About the Fund
The Fund provides a diversified exposure to listed international equities through a carefully selected portfolio of investments, including both developed and emerging market equities. Although currency exposure will be actively managed, the Fund's neutral exposure will be currency unhedged. The Fund will also provide exposure to shorting, both at the stock level and using index derivatives, for risk management and to add value. The Fund can have a net equity exposure of 50 to 100% (including equity derivatives). The Fund obtains this exposure by investing in the Antipodes Global Fund (underlying fund).
The Fund's objective is to provide a total return (before the deduction of fees, charges and tax) that exceeds the return from its benchmark, the MSCI All Country World Net Index (AUD), over the investment cycle (typically 3 to 5 years).
How we invest your money
The Fund aims to outperform the benchmark by gaining exposure to long and short positions in international equities (investment strategy). The Fund gains exposure to a long/short investment strategy through an investment in the Antipodes Global Fund (underlying fund), which has the same investment strategy as the Fund.
Description of the underlying fund
The underlying fund is the Antipodes Global Fund, where Pinnacle Fund Services Limited (Pinnacle) is the responsible entity. Pinnacle have appointed Antipodes Partners Limited to manage the investment assets across the underlying fund.
Antipodes Partners seeks to take advantage of the market's tendency for irrational extrapolation in response to changes in the operating environment, identify great businesses that are not valued as such and build high conviction portfolios with a capital preservation focus. Whilst the underlying fund primarily invests in international equities, the underlying fund's constitution permits a wide range of investments including but not limited to: cash and deposits; fixed income and debt securities; company securities other than shares (including options, convertible notes, rights and debentures); derivatives - exchange traded and over-the-counter; currency contracts; interests in managed investment schemes and collective investment vehicles; unlisted securities and securities that are not traded on a recognised market; bullion, land and other physical commodities.
The underlying fund will typically have a net equity exposure of 50 to 100% and typically invests in a select number of attractively valued companies listed on global equity markets (usually between 20 and 60). Equity shorts and currency positions may be used where the underlying investment manager sees attractive opportunities and also to offset specific unwanted portfolio risks and provide some protection from tail risk. Derivatives may also be used to amplify high conviction ideas.
Asset classes and asset allocation ranges for the underlying fund