InvestSMART

FRM Diversified Australia - Managed Fund (Closed)

Fund Objective
The Fund's objective is to provide consistently superior risk adjusted returns with low volatility and low correlation with equities and fixed-income markets. The Fund seeks to deliver excess returns over cash, low annualised volatility and near-zero beta to traditional asset classes, when measured over a market cycle.
Fund Strategy
The Fund seeks to achieve its objectives by providing investors with exposure to a diversified portfolio of collective investment schemes. This portfolio has been created as a global Fund of Funds sponsored and managed by the FRM Group. The Fund invests directly into the securities of the AA Diversified Fund. The AA Diversified Fund will in turn invest into the AA US$ Diversified Fund, and will also execute foreign exchange hedging transactions to minimise any non-Australian dollar exposure. At each level each fund may at times hold cash.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
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.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.25% 3.65% 0.92% 8.39% 11.92% 11.57% 11.06% -%
Growth return -3.25% 0.04% -2.6% -2.2% -2.51% 1.76% 3.85% -%
Income return 3.5% 3.61% 3.52% 10.59% 14.43% 9.81% 7.21% -%
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 Jun 2008. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.
Average Allocation of Peers
Alternatives
20.33%
Australian Equities
3.92%
International Equities
7.25%
Cash
46.16%
Property & Infrastructure
1.84%
Fixed Interest
20.51%

General Information

Fund Details
Type Description
FRM Diversified Australia (Wholesale)
Closed
FRM (Australia) Pty Limited
Alternative - Other
Not Rated
Investment Fund
1 Nov 2002
$207.3 million (as at 30 Jun 2008)
$1228.5352 (as at 30 Jun 2008)
$1228.5352 (as at 30 Jun 2008)
Suppressed
Offer information
Type Description
Minimum initial investment $1,000,000

FAQs about the FRM Diversified Australia

The objective of the FRM Diversified Australia managed fund is The Fund's objective is to provide consistently superior risk adjusted returns with low volatility and low correlation with equities and fixed-income markets. The Fund seeks to deliver excess returns over cash, low annualised volatility and near-zero beta to traditional asset classes, when measured over a market cycle.

The strategy of the FRM Diversified Australia managed fund is The Fund seeks to achieve its objectives by providing investors with exposure to a diversified portfolio of collective investment schemes. This portfolio has been created as a global Fund of Funds sponsored and managed by the FRM Group. The Fund invests directly into the securities of the AA Diversified Fund. The AA Diversified Fund will in turn invest into the AA US$ Diversified Fund, and will also execute foreign exchange hedging transactions to minimise any non-Australian dollar exposure. At each level each fund may at times hold cash.

The APIR code of the FRM Diversified Australia managed fund is .

FRM Diversified Australia’s total return last month was 0.25%. This was made up of a growth return of -3.25% and an income return of 3.5%. These returns were calculated as at 30 Jun 2008.

FRM Diversified Australia’s total return for the last three months was 3.65%. This was made up of a growth return of 0.04% and an income return of 3.61%%. These returns were calculated as at 30 Jun 2008.

FRM Diversified Australia’s one-year total return is 8.39%. This was made up of a growth return of -2.2% and an income return of 10.59%. These returns were calculated as at 30 Jun 2008.

FRM Diversified Australia’s one-year total return is 11.57%. This was made up of a growth return of 1.76% and an income return of 9.81%. These returns were calculated as at 30 Jun 2008.

The asset allocation of the FRM Diversified Australia managed fund is :

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

The Responsible Entity for the FRM Diversified Australia managed fund is FRM (Australia) Pty Limited.

The FRM Diversified Australia managed fund belongs to the Alternative - Other sector/asset class.

As at 30 Jun 2008, the size of the FRM Diversified Australia managed fund was $207.3 million.

The FRM Diversified Australia managed fund has an inception date of 1 Nov 2002.

The current entry price of the FRM Diversified Australia managed fund is $1228.5352 per unit and the current exit price is $1228.5352 per unit (as at 30 Jun 2008).

The current exit price of the FRM Diversified Australia managed fund is $1228.5352 per unit and the current entry price is $1228.5352 per unit (as at 30 Jun 2008).

The minimum initial investment amount for the FRM Diversified Australia managed fund is $1,000,000.

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.