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  5. Macquarie Australian Market Neutral - Managed fund profile

Macquarie Australian Market Neutral - Managed Fund (Closed)

Fund Objective
The Macquarie Australian Market Neutral Fund provides investors with exposure to long and short positions in Australian equities and other stocks listed, or expected to be listed, on the Australian Securities Exchange, as well as equity issued by Australian entities.
Fund Strategy
Investing in long and short positions in shares. Very low degree of sensitivity to overall moves in the Australian share market. Potential for value-add from undervalued and overvalued shares. Aiming to outperform the UBS Australian Bank Bill Index. The Fund aims to provide a moderate level of income and strong capital growth.

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 -0.49% -0.24% -1.6% 3.55% 5.52% 3.53% 5.67% -%
Growth return -0.49% -7.66% -9.74% -6.86% 0.07% -4.67% -0.9% -%
Income return 0% 7.42% 8.14% 10.41% 5.45% 8.2% 6.57% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.37% 1.09% 2.19% -% 4.08% 3.08% 1.93% 1.92%
As at 30 Apr 2011. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Macquarie Australian Market Neutral
Australian Equities
0.25%
Cash
99.68%
Property
0.07%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
5.48%
Cash
22.90%
Property
1.84%
International Equities
8.96%
Fixed Interest
34.55%
Alternatives
26.27%

General Information

Fund Details
Type Description
Macquarie Australian Market Neutral (Wholesale)
Closed
Macquarie Investment Management Aus Ltd.
MAQ0309AU
Hedge Funds - Australia
starstarstar (as at 30 Apr 2011)
Investment Fund
4 May 2003
$4.23 million (as at 31 Mar 2011)
$1.21459 (as at 17 May 2011)
$1.21459 (as at 17 May 2011)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.03% (as at 30 Jun 2010)
Minimum initial investment $500,000
Minimum additional investments $50,000
Minimum redemption amount $50,000

FAQs about the Macquarie Australian Market Neutral

The objective of the Macquarie Australian Market Neutral managed fund is The Macquarie Australian Market Neutral Fund provides investors with exposure to long and short positions in Australian equities and other stocks listed, or expected to be listed, on the Australian Securities Exchange, as well as equity issued by Australian entities.

The strategy of the Macquarie Australian Market Neutral managed fund is Investing in long and short positions in shares. Very low degree of sensitivity to overall moves in the Australian share market. Potential for value-add from undervalued and overvalued shares. Aiming to outperform the UBS Australian Bank Bill Index. The Fund aims to provide a moderate level of income and strong capital growth.

The APIR code of the Macquarie Australian Market Neutral managed fund is MAQ0309AU.

Macquarie Australian Market Neutral’s total return last month was -0.49%. This was made up of a growth return of -0.49% and an income return of 0%. These returns were calculated as at 30 Apr 2011.

Macquarie Australian Market Neutral’s total return for the last three months was -0.24%. This was made up of a growth return of -7.66% and an income return of 7.42%%. These returns were calculated as at 30 Apr 2011.

Macquarie Australian Market Neutral’s one-year total return is 3.55%. This was made up of a growth return of -6.86% and an income return of 10.41%. These returns were calculated as at 30 Apr 2011.

Macquarie Australian Market Neutral’s one-year total return is 3.53%. This was made up of a growth return of -4.67% and an income return of 8.2%. These returns were calculated as at 30 Apr 2011.

The asset allocation of the Macquarie Australian Market Neutral managed fund is :

Australian Equities
0.25%
Cash
99.68%
Property
0.07%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Macquarie Australian Market Neutral managed fund is Macquarie Investment Management Aus Ltd..

The Macquarie Australian Market Neutral managed fund belongs to the Hedge Funds - Australia sector/asset class.

As at 31 Mar 2011, the size of the Macquarie Australian Market Neutral managed fund was $4.23 million.

The Macquarie Australian Market Neutral managed fund has an inception date of 4 May 2003.

The current entry price of the Macquarie Australian Market Neutral managed fund is $1.21459 per unit and the current exit price is $1.21459 per unit (as at 17 May 2011).

The current exit price of the Macquarie Australian Market Neutral managed fund is $1.21459 per unit and the current entry price is $1.21459 per unit (as at 17 May 2011).

The minimum initial investment amount for the Macquarie Australian Market Neutral managed fund is $500,000. Minimum additional investment is $50000.

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.