Investment Objective
Ardtur European Focus Absolute Return Fund is an equity long-short fund that invests in developed European equity markets. The investment objective is to provide a positive absolute return independent of market conditions over the medium to long term. The fund aims to achieve long term capital appreciation. The portfolio itself is a best ideas fund which will typically consist of 40 to 60 stock positions.
Reference Index
MSCI Daily TR Net Europe Index
Latest Meeting Note
Meeting Note 09 Nov 2018
A dynamic long/short equity fund focused on large and medium capitalisation companies in developed Europe managed using a bottom-up, value-driven investment process. The fund employs a concentrated and often contrarian strategy with typi...
A dynamic long/short equity fund focused on large and medium capitalisation companies in developed Europe managed using a bottom-up, value-driven investment process. The fund employs a concentrated and often contrarian strategy with typically 20-60 positions. The investment universe comprises of c.700 European large/mid-cap companies with a market capitalisation of >$1bn. The top 10 positions generally account for 50% of NAV. Encouragingly, performance has improved materially this year which could mark a turnaround for the fund.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.4 | 0.9 | 0.9 | 0.7 | 0.9 | 0.5 | 0.9 | 0.6 | 0.8 | 0.2 | 1.0 | 0.9 | 0.9 | |
| 2022 | 0.9 | 0.5 | 0.6 | 0.9 | 0.8 | 0.2 | 0.1 | 0.3 | 0.2 | 0.9 | 0.7 | 0.5 | 0.1 |
