OptiMix Global Shares
Features
Information
Investment minimums
Pricing
Standard risk measure
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | |
|---|---|---|---|---|---|---|---|
| Standard Risk Measure |
A Standard Risk Measure score of 6 equates to a Risk Label of 'High' and an estimated number of negative annual returns over any 20 year period of 4 to less than 6. This is a measure of expected frequency (not magnitude) of capital losses, calculated in accordance with ASFA/FSC guidelines.
Investment objective
The fund aims to achieve returns (before fees, charges and taxes) that exceed the MSCI World Index, excluding Australia (A$ unhedged), over periods of five years or more.
Investment strategy
The fund invests predominantly in a diversified portfolio of international shares through a mix of managers. The fund is actively managed in accordance with the OptiMix Multi-manager investment process.
Investor profile
The Fund is intended to be suitable for investors seeking a diversified portfolio of Global shares.
Research house ratings
Rating
Meet the manager(s)
Cumulative performance
| 3 months | 6 months | Year to date | 1 year | 3 years pa | 5 years pa | ||
|---|---|---|---|---|---|---|---|
| Fund | 7.51% | 17.13% | 17.13% | 22.32% | 13.90% | 10.24% | |
| FE Sector | 4.59% | 11.80% | 11.80% | 17.57% | 10.93% | 8.44% |
Calendar Performance
| 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | 31/12/2018 | ||
|---|---|---|---|---|---|---|
| Fund | -12.01% | 30.18% | 0.27% | 26.53% | -0.58% | |
| FE Sector | -10.79% | 22.52% | 5.43% | 23.88% | -1.89% |
Performance is net of management costs and expenses. Performance is based on exit price to exit price for the period and assumes that all distributions are reinvested. Management costs and other expenses are accounted for in the exit price. Past performance is not a reliable indicator of future performance.
The performance data has been sourced by FE fundinfo.
Asset allocation as at 30/06/2023
| International shares | 100.00% |
Actual versus target asset allocation as at 30/06/2023
Top holdings - as at 31/12/2022
Market and portfolio review
Global equities posted positive returns for the quarter on hopes that efforts by central banks to tame inflation may be starting to succeed. The fund's performance closely matched that of the Index for the quarter. Asset allocation was flat with the detraction from having no exposure to energy offset by being underweight communication services. Stock selection was negative most noticeably within financials and industrials but this was offset by currency which contributed positively.
Rising interest rates have been the most important issue facing investors. The impact so far has been mainly on stock multiples, with higher discount rates causing a massive de-rating. Although it has been impossible to escape some degree of multiple contraction, the portfolio had already used higher discount rates in the valuation process and trimmed stocks (particularly in technology) last year on relative valuation. Going forward, the market is likely to shift its attention to the impact of higher interest rates on the economy and therefore corporate earnings. We believe the portfolio holdings should demonstrate greater earnings resilience.
In our view, most of the companies in the portfolio are less cyclical than the broader economy and have structural growth drivers that should allow them to power through a cyclical slowdown. The strategy continues to seek quality companies with resilient business models. The Fund underperformed the benchmark over the year, primarily due asset allocation. The fund has no exposure to energy which was by far the best performing sector and this detracted from performance as did the manager's underweights to utilities and financials.
Future investment strategy
For the month of December 2022
The exposure to high quality companies with sustainable growth in emerging markets should bode well for the medium to longer term. It is anticipated these stocks will continue to perform during both a highly volatile period driven by COVID related issues, as well through to the longer term.
This website contains general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this information, you should assess your own circumstances or seek advice from a financial adviser. You should obtain and consider a copy of the relevant Product Disclosure Statement (PDS) or offer document available from us or your financial adviser, before you acquire a financial product.
OneAnswer Frontier Pension is issued by OnePath Custodians Pty Limited (OnePath Custodians) ABN 12 008 508 496 AFSL 238346.
The information provided in this table is a brief outline of the major features of OneAnswer Frontier Pension. It is intended as a quick and easy reference source for investors. The table should not be used as a substitute for reading the appropriate Product Disclosure Statement (PDS) prior to you making any decision to invest through OneAnswer Frontier Pension.
This information is of a general nature and has been prepared without taking into account of your objectives, financial situation or needs. You should consider whether the information is appropriate for you having regard to your objectives, financial situation and needs. We recommend that you read the relevant Product Disclosure Statement (PDS) available here, or by calling 133 665 before deciding whether to acquire, or to continue to hold, the product.
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