CFML Antipodes Global Fund
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/101682-2024-02-02-02:20.pdf |
FUND MANAGER | Antipodes Partners |
ASX Code | |
APIR | CVW1890AU |
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 |
INCEPTION DATE | 08-05-2017 |
BENCHMARK | MSCI All Country World Net Index (AUD) |
FUND SIZE | MSCI All Country World Net Index (AUD) |
DISTRIBUTION FREQUENCY | Yearly |
NO. OF HOLDINGS | 20-60 |
FEES | 1.21% p.a. |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the CFML Antipodes Global FundInvesting in the Fund offers investors a range of benefits.
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RISK LEVEL | High |
INVESTOR SUITABILITY | Investor suitabilityThis 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. |
Risks
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Key Features
About the FundThe Fund invests into the Underlying Fund which provides a Although currency exposure will be actively managed, the Fund's neutral exposure will be currency unhedged. The Fund will also provide exposure to short selling, both at the stock level and using index derivatives, for risk management and to add value
Investment return objectiveThe Fund’s objective is to provide a total return (before the Investment strategyThe Fund aims to outperform the benchmark by gaining exposure to long and short positions in international equities. Type of investorThis 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.
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Mandate
How we invest your moneyThe Fund aims to outperform the benchmark by gaining exposure to long and short positions in international equities (investment strategy). Whilst the Fund invests primarily in international equities the Fund's constitution permits the ability to invest in a wide variety of assets including: cash, debt securities, commodities, currency, unlisted assets and bullion among others. The Fund gains exposure to a long/short investment strategy through an investment in the Underlying Fund, which has the same investment strategy as the Fund. Description of the underlying fundThe 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
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