Ironbark GaveKal Asian Opportunities - Managed Fund

Fund Performance Comparison

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Fees Comparison

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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 -2.98 -3.97 -1.18 7.14 8.33 2.89 8.18 -
Growth return -17.68 -18.53 -16.16 -9.1 -0.8 -3.39 3.26 -
Income return 14.7 14.56 14.98 16.24 9.13 6.28 4.92 -
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.17 0.5 0.95 1.82 1.8 1.93 2.19 3.22
As as 30 Jun 2018. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

International Equities
88.27%
Fixed Interest
10.68%
Cash
1.05%

General Information

Fund Details
Type Description
Ironbark GaveKal Asian Opportunities
Ironbark Asset Mgmt (Fund Services) Ltd
HFL0014AU
Alternative Strategies
starstarstarstar (as at 31 Mar 2015)
Investment Fund
12 Oct 2010
$36.77 million (as at 31 May 2018)
$1.4738 (as at 16 Jul 2018)
$1.4738 (as at 16 Jul 2018)
Fund Strategy
The investment objective of MW GaveKal Asian Opportunities UCITS Fund is capital appreciation through tactical asset allocation between the currencies, government bonds, corporate bonds, Convertible Bonds and equities of the Asia-Pacific region. The Sub-Fund's strategy for achieving its investment objective rests on a few simple beliefs. First, as long as the rate of return on risk-taking invested capital (i.e. equities) is higher than the cost of capital, equities tend to outperform bonds. Second, in a low inflationary world, and even more in
Offer information
Type Description
Indirect Cost Ratio (ICR) 2.74% (as at 30 Jun 2017)
Performance fee (not included in ICR) 0
Minimum initial investment $5,000.00
Minimum additional investments $1,000.00
Minimum redemption amount $1,000.00

Top 10 holdings (as at 31 May 2018)

Holding (as at 31 May 2018) Type % of Portfolio
China Construction Bank Corp H Equity 4.68%
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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 cannot 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.

How is your fund performing?

Out of the 5,312 Australian funds researched with a 10 year track record, 76% underperform the industry standard benchmarks by an average of 1.75%, with average fees of 1.73%*.

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76%*

Underperform the industry standard benchmarks

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*Analysis based on data sourced from Morningstar, as at May 2018. Funds that had a 10-year track record were analysed against the standard industry benchmarks. Whilst InvestSMART has taken care in producing these numbers, guarantees cannot be made around the complete accuracy of these figures.

Our Managed Funds

Returns Since Inception *
Intelligent Investor Equity Income 12.36%
InvestSMART International Equities 11.46%
Intelligent Investor Equity Growth 11.28%
InvestSMART Australian Small Companies Fund 10.65%
InvestSMART Core Growth 7.81%
InvestSMART Diversified Property and Infrastructure 5.31%
InvestSMART Diversified Income 4.50%
InvestSMART Hybrid Income 3.81%
InvestSMART Interest Income 2.13%

* Returns p.a. since inception after investment & admin fees

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