InvestSMART

MQ Japan Market Neutral Fund (Direct) - Managed Fund (Closed)

Fund Objective
The MQ Japan Market Neutral Fund aims to achieve absolute returns with relatively lower risk than the Japanese share market.
Fund Strategy
The Investment Manager utilises quantitative securities selection models to select a portfolio of long and short Japanese securities. These models are sector-specific and are based on the Investment Manager's view that the performance of securities in each sector is driven by different sector specific factors. The Investment Manager security selection models analyse each sector independently of the other sectors.

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.

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 3.1% 0.17% 1.8% 6.48% -% -% -% -%
Growth return 3.1% 0.17% -5.51% -1.16% -% -% -% -%
Income return 0% 0% 7.31% 7.64% -% -% -% -%
Market index (MSCI Japan NR USD)
Total return 0.54% 3.23% 11.51% 24.6% 16.17% 17.54% 6.6% 7.62%
As at 30 Sep 2007. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.

General Information

Fund Details
Type Description
MQ Japan Market Neutral Fund (Direct)
Closed
MQ Portfolio Management Limited (AUS)
MAQ0462AU
Equity Japan
Not Rated
Investment Fund
30 Apr 2006
$74.49 million (as at 30 Sep 2007)
$1.0298 (as at 30 Sep 2007)
$1.0298 (as at 30 Sep 2007)
Finalised
Offer information
Type Description
Minimum initial investment $20,000
Your guide to next steps

Dealing with a struggling fund? What to Do and Look For

How to Assess your Managed Fund: And How to Choose the Next One
How to Assess your Managed Fund: And How to Choose the Next One
Your managed fund switching checklist. Is fear of capital gains tax holding you back?
Your managed fund switching checklist. Is fear of capital gains tax holding you back?
The Great Investment Fee Scam is hiding in plain sight. And it's ripping us all off.
The Great Investment Fee Scam is hiding in plain sight. And it's ripping us all off.
Guide to tidying up your Portfolio Manager holdings
Guide to tidying up your Portfolio Manager holdings

FAQs about the MQ Japan Market Neutral Fund (Direct)

The objective of the MQ Japan Market Neutral Fund (Direct) managed fund is The MQ Japan Market Neutral Fund aims to achieve absolute returns with relatively lower risk than the Japanese share market.

The strategy of the MQ Japan Market Neutral Fund (Direct) managed fund is The Investment Manager utilises quantitative securities selection models to select a portfolio of long and short Japanese securities. These models are sector-specific and are based on the Investment Manager's view that the performance of securities in each sector is driven by different sector specific factors. The Investment Manager security selection models analyse each sector independently of the other sectors.

The APIR code of the MQ Japan Market Neutral Fund (Direct) managed fund is MAQ0462AU.

MQ Japan Market Neutral Fund (Direct)’s total return last month was 3.1%. This was made up of a growth return of 3.1% and an income return of 0%. These returns were calculated as at 30 Sep 2007.

MQ Japan Market Neutral Fund (Direct)’s total return for the last three months was 0.17%. This was made up of a growth return of 0.17% and an income return of 0%%. These returns were calculated as at 30 Sep 2007.

MQ Japan Market Neutral Fund (Direct)’s one-year total return is 6.48%. This was made up of a growth return of -1.16% and an income return of 7.64%. These returns were calculated as at 30 Sep 2007.

MQ Japan Market Neutral Fund (Direct)’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 2007.

The asset allocation of the MQ Japan Market Neutral Fund (Direct) managed fund is :

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

The Responsible Entity for the MQ Japan Market Neutral Fund (Direct) managed fund is MQ Portfolio Management Limited (AUS).

The MQ Japan Market Neutral Fund (Direct) managed fund belongs to the Equity Japan sector/asset class.

As at 30 Sep 2007, the size of the MQ Japan Market Neutral Fund (Direct) managed fund was $74.49 million.

The MQ Japan Market Neutral Fund (Direct) managed fund has an inception date of 30 Apr 2006.

The current entry price of the MQ Japan Market Neutral Fund (Direct) managed fund is $1.0298 per unit and the current exit price is $1.0298 per unit (as at 30 Sep 2007).

The current exit price of the MQ Japan Market Neutral Fund (Direct) managed fund is $1.0298 per unit and the current entry price is $1.0298 per unit (as at 30 Sep 2007).

The minimum initial investment amount for the MQ Japan Market Neutral Fund (Direct) managed fund is $20,000.

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.