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  5. Amundi Global Diversified Fixed Interest - Managed fund profile

Amundi Global Diversified Fixed Interest - Managed Fund (Closed)

Fund Objective
The Fund's objective is to outperform the Barclays Capital Global Aggregate Index hedged in AUD by 2% p.a. net of fees, over a minimum investment horizon of 3 years, while applying Ex-ante Tracking Error ('TE') checks.
Fund Strategy
The investment management team implements strategic and tactical positions, as well as arbitrages that make use of varying sources of performance offered by the international bond, credit and currency markets. The investment strategy of the Fund is to allocate the risk budget to all allowed Asset Classes, bonds and currencies, and to steer the modified duration in the range 0 to 8 in order to achieve the stated performance objective with a maximum annual Ex-ante Tracking Error of 2.5% p.a.

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 0.45% 1.64% 1.43% 8.31% 11.71% 13.31% -% -%
Growth return 0.45% 1.64% 1.43% -7.7% -5.91% -1.37% -% -%
Income return 0% 0% 0% 16.01% 17.62% 14.68% -% -%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return 1.14% -0.46% 3.02% 5.16% 2.65% -0.93% -0.61% 2.09%
As at 31 Mar 2011. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Amundi Global Diversified Fixed Interest
Cash
33.41%
Fixed Interest
66.59%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%
Average Allocation of Peers
Cash
5.37%
Fixed Interest
92.67%
Australian Equities
1.31%
International Equities
0.54%
Property
0.06%
Alternatives
0.04%

General Information

Fund Details
Type Description
Amundi Global Diversified Fixed Interest (Wholesale)
Closed
Equity Trustees Ltd
ETL0146AU
Unconstrained Fixed Income
starstarstarstarstar (as at 31 Mar 2011)
Investment Fund
29 Jun 2007
$16.05 million (as at 31 Aug 2009)
$0.9983 (as at 20 Apr 2011)
$0.9983 (as at 20 Apr 2011)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 0.58% (as at 30 Jun 2009)
Minimum initial investment $50,000
Minimum additional investments $10,000.00
Minimum redemption amount $10,000.00

FAQs about the Amundi Global Diversified Fixed Interest

The objective of the Amundi Global Diversified Fixed Interest managed fund is The Fund's objective is to outperform the Barclays Capital Global Aggregate Index hedged in AUD by 2% p.a. net of fees, over a minimum investment horizon of 3 years, while applying Ex-ante Tracking Error ('TE') checks.

The strategy of the Amundi Global Diversified Fixed Interest managed fund is The investment management team implements strategic and tactical positions, as well as arbitrages that make use of varying sources of performance offered by the international bond, credit and currency markets. The investment strategy of the Fund is to allocate the risk budget to all allowed Asset Classes, bonds and currencies, and to steer the modified duration in the range 0 to 8 in order to achieve the stated performance objective with a maximum annual Ex-ante Tracking Error of 2.5% p.a.

The APIR code of the Amundi Global Diversified Fixed Interest managed fund is ETL0146AU.

Amundi Global Diversified Fixed Interest’s total return last month was 0.45%. This was made up of a growth return of 0.45% and an income return of 0%. These returns were calculated as at 31 Mar 2011.

Amundi Global Diversified Fixed Interest’s total return for the last three months was 1.64%. This was made up of a growth return of 1.64% and an income return of 0%%. These returns were calculated as at 31 Mar 2011.

Amundi Global Diversified Fixed Interest’s one-year total return is 8.31%. This was made up of a growth return of -7.7% and an income return of 16.01%. These returns were calculated as at 31 Mar 2011.

Amundi Global Diversified Fixed Interest’s one-year total return is 13.31%. This was made up of a growth return of -1.37% and an income return of 14.68%. These returns were calculated as at 31 Mar 2011.

The asset allocation of the Amundi Global Diversified Fixed Interest managed fund is :

Cash
33.41%
Fixed Interest
66.59%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%

The Responsible Entity for the Amundi Global Diversified Fixed Interest managed fund is Equity Trustees Ltd.

The Amundi Global Diversified Fixed Interest managed fund belongs to the Unconstrained Fixed Income sector/asset class.

As at 31 Aug 2009, the size of the Amundi Global Diversified Fixed Interest managed fund was $16.05 million.

The Amundi Global Diversified Fixed Interest managed fund has an inception date of 29 Jun 2007.

The current entry price of the Amundi Global Diversified Fixed Interest managed fund is $0.9983 per unit and the current exit price is $0.9983 per unit (as at 20 Apr 2011).

The current exit price of the Amundi Global Diversified Fixed Interest managed fund is $0.9983 per unit and the current entry price is $0.9983 per unit (as at 20 Apr 2011).

The minimum initial investment amount for the Amundi Global Diversified Fixed Interest managed fund is $50,000. Minimum additional investment is $10000.

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.