AtlasTrend August 2022 Portfolio Scoop
August was generally a weaker month as markets continued their recent volatility and lack of direction. Positive performances were led by Japan’s TOPIX Index, up +1.18% and Nikkei 225 Index, up +1.04% (all local prices).
Written by Kevin Hua Co-founder & Chief Investment Officer
This information does not take into account your personal objectives, financial situation or needs. You should consider if the relevant investment is appropriate having regard to your own objectives, financial situation and needs.
August Highlights
August was generally a weaker month as markets continued their recent volatility and lack of direction. With inflation remaining elevated, central bankers were steadfast about raising interest rates even if it causes some short-term consequences.
Positive performances were led by Japan’s TOPIX Index, up +1.18% and Nikkei 225 Index, up +1.04% (all local prices).
European markets proved the weakest with the U.K. FTSE Index, down 5.46% and the Euro Stoxx 600 Index, down 5.29% (local prices).
A weaker AUD (-2.11% versus the USD) dampened AUD losses in the Trends and indices.
The monthly performances across our Trends were -2.18%, -0.20% and -1.03% for the Big Data, Online Shopping and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of -2.54%).
In the last 12 months, we have delivered performances of -12.56%, -18.44% and -8.48% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of -9.62%).
In the last 6 months, we have delivered performances of -8.30%, -10.72% and +0.76% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of -5.88%).
In the last 3 months, we have delivered performances of -0.10%, -0.02% and +2.36% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of -1.11%).
Big Data Big Fund
The Trend return for the month was -2.18% and since launch (9 November 2015) is +96.17%.
This Trend has delivered a +10.40% return per annum since inception.
This Trend had a weaker month as hardware and chip manufacturers signaled slowing sales and weaker demand. Positive contributors were Palo Alto Networks, Tencent and JD.com.
The weaker names included Seagate, Intel, Salesfore.com and Splunk.
As of the end of August 2022, this Trend consisted of 18 companies.
Online Shopping Spree Fund
The Trend return for the month was -0.20% and since launch (9 November 2015) is +71.53%.
This Trend has delivered a +8.25% return per annum.
This Trend performed relatively well versus its benchmark. It was led by Chinese names (Tencent, Meituan and Alibaba), which had bounce back months as well as Disney and Walmart. This was despite Tencent reporting its first-ever revenue decline after online advertising sales fell by a record.
The weakest names were Zalando, FedEx and eBay.
As of the end of August 2022, this Trend consisted of 17 companies.
Clean Disruption Fund
The Trend return for the month was -1.03% and since launch (6 August 2018) is +49.13%.
This Trend has delivered a +9.90% return per annum since inception.
This Trend was once again led by First Solar as well as Northland Power, Algonquin, Waste Management and Tomra.
The weaker names were BYD, IPG Photonics, Rockwool, Orsted and Varta.
As of the end of August 2022, this Trend consisted of 18 companies.
Important notice
Any managed investment fund product (Fund) mentioned in this communication is offered via a Product Disclosure Statement (PDS) which contains all the details of the offer. The PDS is issued by Fundhost as responsible entity for the Funds. Before making any decision to make or hold any investment in a Fund you should consider the PDS in full. The PDS is available at www.atlastrend.com/pds or by calling AtlasTrend on 1800 589 778. The Target Market Determination is available here. A copy of AtlasTrend’s financial services guide can be found at www.atlastrend.com/fsg.
Investment returns are not guaranteed. Past performance is not a reliable indicator of future performance. Disclosed investment returns assume reinvestment of all distributions. For the Clean Disruption Fund performance is shown net of fees. For the remaining Funds performance is shown net of fees from 7 June 2018 and prior to that performance is shown gross of any fees. Click here for more details about current and previous fee arrangements.