AtlasTrend December 2023 Portfolio Scoop

 

The best performer was the U.S. Russell 2000 Index, which was up +12.05% and the U.K. FTSE 250 Index, up +7.99% (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 of developed markets continued their year-end rally as investors anticipated interest rate cuts over the coming 12 months.

  • The best performer was the U.S. Russell 2000 Index, which was up +12.05% and the U.K. FTSE 250 Index, up +7.99% (local prices).

  • The largest negative performances were from China’s Shanghai Composite Index and Hong Kong’s Hang Seng HSCEI Index, down -1.81% and -1.52% (local prices) respectively.

  • The +3.03% rally by the AUD against the USD, dampened AUD returns for the Trends and indices.

  • The monthly performances across our Trends were +0.37%, -1.42% and +4.45% for the Big Data, Online Shopping and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +1.83%).

In the last 12 months, we have delivered performances of +46.33%, +13.17% and +1.92% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +23.23%).

In the last 6 months, we have delivered performances of +15.19%, -0.36% and -6.71% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +4.85%).

In the last 3 months, we have delivered performances of +10.18%, +1.73% and +5.79% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +5.31%).

Big Data Big Fund

The Trend return for the month was +0.37% and since launch (9 November 2015) is +161.61%.

This Trend has delivered a +12.54% return per annum since inception.

This Trend had a positive month led by Alarm.com, Kyndryl, Intel, Seagate, Arista, and Alphabet. Yext was the weakest performer followed by the Asian exposures of Meituan, Tencent and NCSoft002E

As of the end of December 2023, this Trend consisted of 19 companies.

 

Online Shopping Spree Fund

The Trend return for the month was -1.42% and since launch (9 November 2015) is +79.72%.

This Trend has delivered a +7.47% return per annum.

This Trend performed disappointingly during the month with the Chinese names leading the negative performers including Netease, Tencent and Meituan. The positive contributors were led by Prologis, Expedia.com as well as eBay, Amazon.com and Target.

As of the end of December 2023, this Trend consisted of 17 companies.

Clean Disruption Fund

The Trend return for the month was +4.45% and since launch (6 June 2018) is +49.43%.

This Trend has delivered a +7.48% return per annum since inception.

This Trend had another strong month with most names performing positively, led by Tomra Systems, Orsted, IPG Photonics, Vestas Wind Systems, First Solar and Northland Power. The only 2 negative performers were Siemens Healthineers and Algonquin.

As of the end of December 2023, 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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