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  5. IPM Global Macro Fund - Managed fund profile

IPM Global Macro Fund - Managed Fund (Closed)

Fund Objective
The Fund aims to generate long-term absolute returns by investing in exchange-traded government bond and equity index futures contracts, and over-the-counter foreign exchange forward contracts (OTC FX forwards) that provide exposure to developed market and emerging market currencies. The Fund may also gain exposure to developed market and emerging market currencies by investing in currency futures.
Fund Strategy
IPM's investment process involves the use of models to determine the positions held by the Fund. The models are based on economic theory and rely on the belief that asset prices fluctuate around the true fundamental value of financial assets. The implementation of the investment process is systematic, which means that the vast majority of the Fund's portfolio exposures are based on the output of the model.

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 5.09% -3.47% 1.11% -0.13% -8.74% -7.38% -% -%
Growth return 5.09% -3.47% 1.11% -0.13% -8.75% -7.56% -% -%
Income return 0% 0% 0% 0% 0.01% 0.18% -% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.36% 1.07% 2.15% 4.21% 3.33% 2.23% 1.56% 1.82%
As at 30 Apr 2021. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

IPM Global Macro Fund
Alternatives
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property
0%
Fixed Interest
0%
Average Allocation of Peers
Alternatives
19.95%
Australian Equities
5.98%
International Equities
9.98%
Cash
46.44%
Property
2.07%
Fixed Interest
15.58%

General Information

Fund Details
Type Description
IPM Global Macro Fund
Closed
Macquarie Investment Management Aus Ltd.
MAQ8243AU
Alternative - Other
Not Rated
Investment Fund
10 Apr 2017
$2.54 million (as at 30 Apr 2021)
$0.7984 (as at 13 May 2021)
$0.7984 (as at 13 May 2021)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 0% (as at 30 Jun 2021)
Performance fee (not included in ICR) 0
Minimum initial investment $20,000
Minimum additional investments
Minimum redemption amount

FAQs about the IPM Global Macro Fund

The objective of the IPM Global Macro Fund managed fund is The Fund aims to generate long-term absolute returns by investing in exchange-traded government bond and equity index futures contracts, and over-the-counter foreign exchange forward contracts (OTC FX forwards) that provide exposure to developed market and emerging market currencies. The Fund may also gain exposure to developed market and emerging market currencies by investing in currency futures.

The strategy of the IPM Global Macro Fund managed fund is IPM's investment process involves the use of models to determine the positions held by the Fund. The models are based on economic theory and rely on the belief that asset prices fluctuate around the true fundamental value of financial assets. The implementation of the investment process is systematic, which means that the vast majority of the Fund's portfolio exposures are based on the output of the model.

The APIR code of the IPM Global Macro Fund managed fund is MAQ8243AU.

IPM Global Macro Fund’s total return last month was 5.09%. This was made up of a growth return of 5.09% and an income return of 0%. These returns were calculated as at 30 Apr 2021.

IPM Global Macro Fund’s total return for the last three months was -3.47%. This was made up of a growth return of -3.47% and an income return of 0%%. These returns were calculated as at 30 Apr 2021.

IPM Global Macro Fund’s one-year total return is -0.13%. This was made up of a growth return of -0.13% and an income return of 0%. These returns were calculated as at 30 Apr 2021.

IPM Global Macro Fund’s one-year total return is -7.38%. This was made up of a growth return of -7.56% and an income return of 0.18%. These returns were calculated as at 30 Apr 2021.

The asset allocation of the IPM Global Macro Fund managed fund is :

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

The Responsible Entity for the IPM Global Macro Fund managed fund is Macquarie Investment Management Aus Ltd..

The IPM Global Macro Fund managed fund belongs to the Alternative - Other sector/asset class.

As at 30 Apr 2021, the size of the IPM Global Macro Fund managed fund was $2.54 million.

The IPM Global Macro Fund managed fund has an inception date of 10 Apr 2017.

The current entry price of the IPM Global Macro Fund managed fund is $0.7984 per unit and the current exit price is $0.7984 per unit (as at 13 May 2021).

The current exit price of the IPM Global Macro Fund managed fund is $0.7984 per unit and the current entry price is $0.7984 per unit (as at 13 May 2021).

The minimum initial investment amount for the IPM Global Macro Fund managed fund is $20,000. Minimum additional investment is $0.

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.