AtlasTrend December 2022 Portfolio Scoop

 

Most developed markets retreated after the rally in recent months. Hong Kong markets rose again after months of underperformance with the HSI and HSCEI Indices, up +6.37% and +5.18% respectively (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.

 

December Highlights

  • Most developed markets retreated after the rally in recent months as investors’ concerns about a global recession outweighed the news of China re-opening and moving away from its Covid Zero policy.

  • Hong Kong markets rose again after months of underperformance with the HSI and HSCEI Indices, up +6.37% and +5.18% respectively (local prices). Interestingly, China’s Shanghai Composite Index was down only -1.97% (local price) in comparison.

  • All other major developed market indices were in the negative with the U.S. NASDAQ Index, down -8.73% and Japan’s Nikkei 225 Index, down -6.70% (local prices) being the worst performers.

  • The monthly performances across our Trends were -6.65%, -5.11% and -3.02% for the Big Data, Online Shopping and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of -5.49%).

In the last 12 months, we have delivered performances of -23.55%, -23.47% and -7.47% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of -12.52%).

In the last 6 months, we have delivered performances of -6.79%, -4.14% and +2.21% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +4.31%).

In the last 3 months, we have delivered performances of -5.21%, -1.23% and +2.18% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +3.95%).

Big Data Big Fund

The Trend return for the month was -6.65% and since launch (9 December 2015) is +78.79%.

This Trend has delivered a +8.47% return per annum since inception.

This Trend had a weak month with its Chinese companies including JD.com and Tencent continuing their rally. Other strong performers included Splunk and Yext.

However, the U.S. technology sector experienced a broad sell-off with the likes of Palo Alto Networks, Salesforce.com, Arista Networks, Amazon.com and Alphabet being the Trend’s weakest names.

As of the end of December 2022, this Trend consisted of 18 companies.

 

Online Shopping Spree Fund

The Trend return for the month was -5.11% and since launch (9 December 2015) is +58.81%.

This Trend has delivered a +6.69% return per annum.

This Trend had a weak month as Chinese equities continued their rally with the Trend’s Chinese names (JD.com, Netease, Alibaba, Meituan and Tencent) all outperforming.

However, the U.S. market experienced a broader sell-off with the likes of Expedia, TheRealReal, Amazon.com, Apple and Target being the Trend’s weakest names.

As of the end of December 2022, this Trend consisted of 17 companies.

Clean Disruption Fund

The Trend return for the month was -3.02% and since launch (6 December 2018) is +46.62%.

This Trend has delivered a +8.74% return per annum since inception.

This Trend performed relatively well with positive performances from Vestas Wind Systems, Rockwool, Orsted, IPG Photonics, Iberdrola and BYD and Tomra Systems.

Varta and First Solar were the weakest names followed by Algonquin and Tomra Systems.

As of the end of December 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.

 
 
 
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