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OVERVIEW OF THE MONASH ABSOLUTE INVESTMENT FUND
Monash Absolute Investment Fund possesses a diversified portfolio of predominantly Australian securities (listed and some Pre-IPO securities), with an Absolute Return style of investing and a focus on capital preservation. The Investment Portfolio is managed by Monash Investors Pty Limited, an experienced specialist Australian equity investment manager.
The Fund’s objective is to achieve a double digit returns over a full market cycle (typically 5 to 7 years) while having a focus on capital preservation over the medium term.
Monash Investors believes that most equity securities are fairly priced most of the time, but some will be significantly mispriced and will work to identify and exploit situations where it perceives significant mispricing. Monash Investors believes there are many potential causes of mispricing that arise from recurring situations or patterns of behaviour and seeks to identify these to help inform its search for investment opportunities.
Monash Investors is focused on identifying securities that meet one or more of the following characteristics:
- Insight: securities that the Investment Manager considers to be underestimated or misunderstood in some way by the market;
- Growth: securities with high growth in revenue, cash flow or earnings per share forecast by the Investment Manager;
- Value: securities that represent a high expected pay-off to a target price calculated by the Investment Manager; and
- Event: securities that the Investment Manager has identified a near term event or catalyst that it believes should drive a share price reaction.
Key Features of the Investment Strategy
- Portfolio with a small cap bias compared to a market capitalisation based index, such as the S&P/ASX 300 Index;
- exposure to short selling opportunities;
- construction of a Portfolio with exposure to Pre-IPO securities; and
- seeking to maintain a more consistent return profile than the market, with lower volatility and lower Beta
This document is issued by The Trust Company (RE Services) Limited ABN 45 003 278 831, AFSL 235 150 (“Perpetual”) as responsible entity of, and issuer of units in, the Monash Absolute Investment Fund ARSN 606 855 501 (“Fund”). Monash Investors Pty Limited ABN 67 153 180 333, AFSL 417 201 (“Monash Investors”) is the investment manager of the Fund. The inception date of the Fund is 2 July 2012. Winston Capital Partners Pty Limited ABN 29 159 382 81, AFSL 4695563 (Winston) provides distribution services to Monash.
The information provided in this document is general information only and does not constitute investment or other advice. The content of this document does not constitute an offer or solicitation to subscribe for units in the Fund or an offer to buy or sell any financial product Accordingly, reliance should not be placed on this document as the basis for making an investment, financial or other decision. This information does not take into account your investment objectives, particular needs or financial situation. None of Perpetual, Monash Investors or Winston accepts liability for any inaccurate, incomplete or omitted information of any kind or any losses caused by using this information. Any investment decision in connection with the Fund should only be made based on the information contained in the disclosure document for the Fund. A product disclosure statement (PDS) issued by Perpetual dated 3 August 2015 is available for the Fund. You should obtain and consider the PDS for the Fund before deciding whether to acquire, or continue to hold, an interest in the Fund. Initial Applications for units in the Fund can only be made pursuant to the application form attached to the PDS.
Performance figures assume reinvestment of income. Past performance is not a reliable indicator of future performance. Comparisons are provided for information purposes only and are not a direct comparison against benchmarks or indices that have the same characteristics as the Fund.
None of Monash Investors, Perpetual or Winston guarantee repayment of capital or any particular rate of return from the Fund. None of Monash Investors, Perpetual or Winston give any representation or warranty as to the reliability, completeness or accuracy of the information contained in this document. All opinions and estimates included in this document constitute judgments of Monash Investors as at the date of this document are subject to change without notice.
Disclaimer for use of ratings only:
The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036 AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.
Disclaimer for use of our reports:
SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. Information contained in this document attributable to SQM Research must not be used to make an investment decision. The SQM Research rating is valid at the time the report was issued, however it may change at any time. While the information contained in the rating is believed to be reliable, its completeness and accuracy is not guaranteed. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.