February, 2021
Returns for the month of February were mixed as bond yields started to rise following the roll out of vaccines and proposed additional fiscal stimulus. The rise of bond yields affected most major asset classes negatively, but the degree of underperformance was exacerbated in assets such as bonds and pockets of growth equities. Domestic equities, which have a larger allocation to companies that produce commodities benefitted returns given higher commodity prices over the last 12 months. An underweight to property and infrastructure also aided returns as rising yields negatively affects these sectors that typically have greater levels of debt on their balance sheet. Defensive assets such as gold and bonds detracted from returns because of the rise in bond yields.
File: https://commentary.quantreports.net/wp-content/uploads/2021/04/fund-performance-report-february-2021.pdfasset_class:
asset_category:
peer_benchmark:
broad_market_index:
manager_contact_details: Array
ticker: STL0035AU
release_schedule: Monthly
structure: Managed Fund
commentary_block: Array
factsheet_url:
fund_features:
Bendigo High Growth Index seeks to predominantly invest in the Underlying Investments which are managed by a selection of high quality, leading active and index investment managers across a variety of asset classes, in a manner that Sandhurst believes will meet the investment return objective. The typical investor would like to see long term growth with willingness to accept some volatility in their investment over the shorter term.
- The neutral position of the Fund is 80% growth assets and 20% defensive assets.
- A typical asset allocation for this style would be 80% growth assets (such as shares, infrastructure, listed property) and 20% defensive) assets.