asset_category:
peer_benchmark:
broad_market_index:
manager_contact_details: Array
ticker: AEG
release_schedule:
structure: Listed Investment Company
commentary_block:
factsheet_url:
fund_features:
Absolute Equity Performance Fund Limited (AEG) is an investment portfolio of Australian listed securities, with the aim of achieving absolute returns regardless of market conditions. 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 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.
- 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.
- 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.