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  5. AMP - Flexible Lifetime Investments - Lazard Global Equity - Managed fund profile

AMP - Flexible Lifetime Investments - Lazard Global Equity - Managed Fund (Closed)

Fund Objective
The LQE Global (ex-Australia) 130/30 Fund seeks to achieve total returns (comprising income and capital appreciation and before the deduction of fees and taxes) that outperform the MSCI World ex-Australia Index with net dividends reinvested ('the benchmark') by 4-5% per annum over rolling three-year periods.
Fund Strategy
The Fund is constructed by investing approximately 130% of the portfolio in a diversified group of global listed securities excluding securities listed on the Australian stock exchange, and selling short a similarly diversified group equivalent to 30% of the Fund. In aggregate, the Fund's systematic risk (Beta) will be similar to the market. Following the stock ranking process outlined below, the most attractive stocks are included in the long portfolio and the least attractive are sold short.

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 0.15% -0.82% 1.58% -2.21% 1.14% -6.21% -6.46% -%
Growth return 0.15% -2.65% -0.3% -4.01% -0.1% -7.05% -9.58% -%
Income return 0% 1.83% 1.88% 1.8% 1.24% 0.84% 3.12% -%
Market index (MSCI World Ex Australia NR AUD)
Total return 3.92% 2.14% 10.2% 29.31% 20.19% 11.39% 13.27% 13.18%
As at 28 Feb 2011. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

AMP - Flexible Lifetime Investments - Lazard Global Equity
International Equities
100%
Australian Equities
0%
Cash
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
International Equities
93.18%
Australian Equities
2.64%
Cash
2.48%
Property
1.50%
Fixed Interest
0.11%
Alternatives
0.09%

General Information

Fund Details
Type Description
AMP - Flexible Lifetime Investments - Lazard Global Equity
Closed
AMP Capital Funds Management Ltd
AMP1004AU
Equity World Large Value
starstarstar (as at 28 Feb 2011)
Investment Fund
16 Mar 2005
$0.35 million (as at 31 Jan 2011)
$0.6704 (as at 28 Feb 2011)
$0.66839 (as at 28 Feb 2011)
Finalised
Offer information
Type Description
Standard entry fee 4%
Indirect Cost Ratio (ICR) 2.35% (as at 31 Dec 2009)
Minimum initial investment $1,500.00
Minimum additional investments $500.00
Minimum redemption amount $500.00

Top 10 holdings (as at 30 Sep 2009)

Holding (as at 30 Sep 2009) Type % of Portfolio
Johnson & Johnson Stock 2.83%
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FAQs about the AMP - Flexible Lifetime Investments - Lazard Global Equity

The objective of the AMP - Flexible Lifetime Investments - Lazard Global Equity managed fund is The LQE Global (ex-Australia) 130/30 Fund seeks to achieve total returns (comprising income and capital appreciation and before the deduction of fees and taxes) that outperform the MSCI World ex-Australia Index with net dividends reinvested ('the benchmark') by 4-5% per annum over rolling three-year periods.

The strategy of the AMP - Flexible Lifetime Investments - Lazard Global Equity managed fund is The Fund is constructed by investing approximately 130% of the portfolio in a diversified group of global listed securities excluding securities listed on the Australian stock exchange, and selling short a similarly diversified group equivalent to 30% of the Fund. In aggregate, the Fund's systematic risk (Beta) will be similar to the market. Following the stock ranking process outlined below, the most attractive stocks are included in the long portfolio and the least attractive are sold short.

The APIR code of the AMP - Flexible Lifetime Investments - Lazard Global Equity managed fund is AMP1004AU.

AMP - Flexible Lifetime Investments - Lazard Global Equity’s total return last month was 0.15%. This was made up of a growth return of 0.15% and an income return of 0%. These returns were calculated as at 28 Feb 2011.

AMP - Flexible Lifetime Investments - Lazard Global Equity’s total return for the last three months was -0.82%. This was made up of a growth return of -2.65% and an income return of 1.83%%. These returns were calculated as at 28 Feb 2011.

AMP - Flexible Lifetime Investments - Lazard Global Equity’s one-year total return is -2.21%. This was made up of a growth return of -4.01% and an income return of 1.8%. These returns were calculated as at 28 Feb 2011.

AMP - Flexible Lifetime Investments - Lazard Global Equity’s one-year total return is -6.21%. This was made up of a growth return of -7.05% and an income return of 0.84%. These returns were calculated as at 28 Feb 2011.

The asset allocation of the AMP - Flexible Lifetime Investments - Lazard Global Equity managed fund is :

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

The Responsible Entity for the AMP - Flexible Lifetime Investments - Lazard Global Equity managed fund is AMP Capital Funds Management Ltd.

The AMP - Flexible Lifetime Investments - Lazard Global Equity managed fund belongs to the Equity World Large Value sector/asset class.

As at 31 Jan 2011, the size of the AMP - Flexible Lifetime Investments - Lazard Global Equity managed fund was $0.35 million.

The AMP - Flexible Lifetime Investments - Lazard Global Equity managed fund has an inception date of 16 Mar 2005.

The current entry price of the AMP - Flexible Lifetime Investments - Lazard Global Equity managed fund is $0.6704 per unit and the current exit price is $0.66839 per unit (as at 28 Feb 2011).

The current exit price of the AMP - Flexible Lifetime Investments - Lazard Global Equity managed fund is $0.66839 per unit and the current entry price is $0.6704 per unit (as at 28 Feb 2011).

The minimum initial investment amount for the AMP - Flexible Lifetime Investments - Lazard Global Equity managed fund is $1,500. Minimum additional investment is $500.

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.