Diverse return opportunities

GARS derives returns principally from dynamically allocating to market-return investment opportunities in traditional and advanced asset classes. It also independently exploits security selection expertise. GARS can use a variety of standard derivatives for investment and hedging purposes and may take positions that benefit investors in upward and downward markets. The strategies used can be divided into four main categories: market returns, directional, relative value and stock selection.

Benchmark: Cash, as represented by 1mth Australian LIBID

Target: To outperform the benchmark by 5% per annum gross of fees on a 3-year rolling basis

Expected volatility: GARS is expected to exhibit between one third and a half of the investment risk of a traditional equity portfolio. In ordinary circumstances volatility is anticipated to be between 4% and 8%.

The information contained on these pages is for investment professionals only and must not be relied upon by anyone else. This Fund is not guaranteed, a capital protected product or a substitute for cash. The value of your investments can go down as well as up. In order to achieve its investment objectives the Fund will make extensive use of derivatives.