September, 2023
Australian Equities declined in value in the September quarter with the index falling by -0.84%. There were no manager changes over the quarter.
OC (Small Caps) outperformed due to positive selection in Info Tech, Industrials and Healthcare.
Vinva outperformed mostly due to positive stock selection in Materials.
OC (Micro Caps) outperformed due to positive stock selection in Consumer Discretionary and Health Care. An overweight allocation to the Consumer Discretionary sector also contributed favourably to performance.
Franklin Templeton Martin Currie (Dynamic Value) outperformed due to being underweight Health Care, coupled with positive stock selection in Industrials.
Alliance Bernstein (Managed Vol) underperformed due to negative stock selection in the Financials, Consumer Discretionary and Utilities sectors.
Northcape underperformed mostly due to negative stock selection in Industrials
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/31095_MM_FS_AST-3.pdfJune, 2023
Overall the trust outperformed over the quarter. There were no manager changes over the quarter.
Quest outperformed due to positive selection in Materials, Energy and Info Tech.
Martin Currie outperformed, with positive stock selection in Industrials, Utilities and Financials contributing favourably to performance.
Selector outperformed due to an overweight to the strongly performing Info Tech sector, coupled with positive stock selection in Materials and Financials.
OC (Small Caps) outperformed, with positive stock selection in Healthcare and Industrials.
Vinva underperformed due to negative stock selection in Materials and Financials
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/31095_MM_FS_AST-2.pdfMarch, 2023
Australian Equities posted positive gains in the March quarter with the index advancing by 3.33%. Overall the trust underperformed over the quarter. There were no manager changes over the quarter.
Northcape outperformed with positive stock selection in Financials, Industrials and Materials contributing favourably to performance.
Selector outperformed due to positive selection in Industrials and Healthcare. An overweight to Information Technology also contributed favourably to performance. Acorn underperformed the ASX 300 and its own benchmark the Emerging Companies Index.
Underperformance was due to the manager being exposed to a number of small cap stocks which posted steep share price falls.
Legg Mason Martin Currie underperformed due to overweight Financials & Energy underweight Materials AA positioning coupled with negative stock selection in Industrials.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/31095_MM_FS_AST-1.pdfMarch, 2022
There were no changes over the quarter.
Contributors to performance:
• Vinva outperformed the broader market largely driven by their valuation and behavioural signals.
• Martin Currie performed strongly due to a bias towards value.
• Alliance Bernstein outperformed as their value exposure was rewarded.
Detractors from performance:
• Overweight to mid-, small- and micro-caps which underperformed the broader market.
• Strategies managed by Bioscience underperformed the broader market.
• Underperformance from micro-cap managers, Acorn and OC.
March, 2021
Contributors to performance:
• Vinva outperformed the broader market largely driven by their valuation and behavioural signals.
• Martin Currie performed strongly due to a bias towards value.
• Alliance Bernstein outperformed as their value exposure was rewarded.
Detractors from performance:
• Overweight to mid-, small- and micro-caps which underperformed the broader market.
• Strategies managed by Bioscience underperformed the broader market.
• Underperformance from micro-cap managers, Acorn and OC.
December, 2020
There were no changes over the quarter.
-An overweight to emerging markets contributed as emerging markets outperformed developed markets by 5.5% over the quarter.
-An overweight to emerging markets contributed as emerging markets outperformed developed markets by 5.5% over the quarter.
• TT International Emerging Markets and Antipodes Global were the best performing managers.
-EAM Investors underperformed its emerging markets small cap benchmark in what was a very strong quarter for the niche sector.
• TT International (global equities) and THB International micro cap both underperformed their respective benchmarks.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/IOOF-Investments-quarterly-report.pdfSeptember, 2020
- There were no changes over the quarter.
- Overweight to small- and micro-caps which outperformed the broader market.
- Outperformance from small- and micro-cap managers, Acorn and OC.
- Quest outperformed due to positive stock selection in consumer discretionary, financials and healthcare.
- Strategies managed by Bioscience underperformed the broader market.
- Alliance Bernstein concentrated value strategy lagged the index primarily due to challenging stock selection in materials and an overweight to energy.
- Martin Currie underperformed due to challenging stock selection in non-bank financials and metals and mining and an overweight to energy.
March, 2020
- Northcape was appointed and DNR was terminated.
- Holding higher cash levels at the Trust level added value.
AB managed volatility outperformed due to an overweight to Cash, Consumer Staples and an underweight to Real Estate.
- Outperformance from the Asia Pacific and Translation funds managed by BioScience.
- Northcape outperformed due to an underweight to Real Estate, and positive stock selection in Financials and Healthcare.
- Martin Currie underperformed due to an overweight to Energy, underweight to Healthcare and challenging stock selection in Banks.
Underperformance from OC small caps due to challenging stock selection in Consumer Discretionary, Financials and Healthcare.
ticker: IOF0092AU
commentary_block: Array
factsheet_url:
Use this link:
https://www.ioof.com.au/product_list/multimix
Left Sidebar -> Quarterly Report
release_schedule: Quarterly
fund_features:
IOOF MultiMix Australian Shares Trust aim to provide capital growth of your investment over the long-term by investing in a diversified portfolio of Australian shares, and to achieve a total return after fees in excess of the S&P/ASX 300 Accumulation Index over a rolling five-year period.
- Asset class allocation: Australian shares (90-100%), Cash (0-10%)
- Suitable for investors with high risk tolerance.
- Minimum suggested investment timeframe is 7-10 years.
- Authorised to utilise approved derivative instruments subject to the specific restriction that derivative instruments cannot be used to gear the portfolio exposure.
- Aims to be fully invested at all times with cash exposure not exceeding 10% for any length of time.
manager_contact_details: Array
asset_class: Domestic Equity
asset_category: Australian Multi-Manager
peer_benchmark: Domestic Equity - Multi-Manager Index
broad_market_index: ASX Index 200 Index
structure: Managed Fund