InvestSMART

Absolute Capital - Equity Long/Short Strategy - Managed Fund (Closed)

Fund Objective
To deliver consistent high risk-adjusted returns during both appreciating and declining global equity markets while maintaining low correlation to equity markets generally.
Fund Strategy
The fund invests in a globally diversified selection of hedge funds that engage in equity long/short and equity market neutral strategies.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -0.43% -0.5% 4.22% 2.78% -% -% -% -%
Growth return -0.43% -0.5% -9.68% -10.92% -% -% -% -%
Income return 0% 0% 13.9% 13.7% -% -% -% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.29% 0.9% 1.85% 4.02% 4.2% 4.02% 2.58% 2.07%
As at 30 Sep 2003. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Absolute Capital - Equity Long/Short Strategy
Alternatives
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Fixed Interest
0%
Average Allocation of Peers
Alternatives
20.74%
Australian Equities
3.91%
International Equities
6.74%
Cash
46.38%
Property & Infrastructure
1.87%
Fixed Interest
20.36%

General Information

Fund Details
Type Description
Absolute Capital - Equity Long/Short Strategy
Closed
Absolute Capital Limited
ABS0005AU
Alternative - Other
Not Rated
Investment Fund
1 Aug 2002
$6.03 million (as at 31 Oct 2003)
$0.8963 (as at 30 Sep 2003)
$0.8962 (as at 30 Sep 2003)
Finalised
Offer information
Type Description
MER 1.97% (as at 30 Jun 2002)
Minimum initial investment $2,000.00

FAQs about the Absolute Capital - Equity Long/Short Strategy

The objective of the Absolute Capital - Equity Long/Short Strategy managed fund is To deliver consistent high risk-adjusted returns during both appreciating and declining global equity markets while maintaining low correlation to equity markets generally.

The strategy of the Absolute Capital - Equity Long/Short Strategy managed fund is The fund invests in a globally diversified selection of hedge funds that engage in equity long/short and equity market neutral strategies.

The APIR code of the Absolute Capital - Equity Long/Short Strategy managed fund is ABS0005AU.

Absolute Capital - Equity Long/Short Strategy’s total return last month was -0.43%. This was made up of a growth return of -0.43% and an income return of 0%. These returns were calculated as at 30 Sep 2003.

Absolute Capital - Equity Long/Short Strategy’s total return for the last three months was -0.5%. This was made up of a growth return of -0.5% and an income return of 0%%. These returns were calculated as at 30 Sep 2003.

Absolute Capital - Equity Long/Short Strategy’s one-year total return is 2.78%. This was made up of a growth return of -10.92% and an income return of 13.7%. These returns were calculated as at 30 Sep 2003.

Absolute Capital - Equity Long/Short Strategy’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Sep 2003.

The asset allocation of the Absolute Capital - Equity Long/Short Strategy managed fund is :

Alternatives
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Fixed Interest
0%

The Responsible Entity for the Absolute Capital - Equity Long/Short Strategy managed fund is Absolute Capital Limited.

The Absolute Capital - Equity Long/Short Strategy managed fund belongs to the Alternative - Other sector/asset class.

As at 31 Oct 2003, the size of the Absolute Capital - Equity Long/Short Strategy managed fund was $6.03 million.

The Absolute Capital - Equity Long/Short Strategy managed fund has an inception date of 1 Aug 2002.

The current entry price of the Absolute Capital - Equity Long/Short Strategy managed fund is $0.8963 per unit and the current exit price is $0.8962 per unit (as at 30 Sep 2003).

The current exit price of the Absolute Capital - Equity Long/Short Strategy managed fund is $0.8962 per unit and the current entry price is $0.8963 per unit (as at 30 Sep 2003).

The minimum initial investment amount for the Absolute Capital - Equity Long/Short Strategy managed fund is $2,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.