AtlasTrend January 2023 Portfolio Scoop
Developed markets started 2023 with a bang with all other major developed market indices were in the positive with no negative performers.
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.
January Highlights
Developed markets started 2023 with a bang as investors took on a risk-on stance sending equities higher across most sectors. There was an optimism that inflation had peaked, and China’s re-opening would spur the global economy.
Hong Kong markets continued their recent rally with the HSI and HSCEI Indices, up 10.42% and +10.74% respectively (local prices). The U.S. NASDAQ Index also performed strong, up +10.68% (local price).
All other major developed market indices were in the positive with no negative performers although the AUD strengthened 3.43% against the USD, which reduced AUD returns for the Trends and indices.
The monthly performances across our Trends were +5.89%, +8.81% and +1.60% for the Big Data, Online Shopping and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +2.97%).
In the last 12 months, we have delivered performances of -16.36%, -16.59% and -0.80% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of -7.90%).
In the last 6 months, we have delivered performances of -5.60%, +0.54% and -1.14% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +0.94%).
In the last 3 months, we have delivered performances of -1.38%, +6.79% and +0.66% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of -0.72%).
Big Data Big Fund
The Trend return for the month was +5.89% and since launch (9 January 2015) is +89.32%.
This Trend has delivered a +9.23% return per annum since inception.
This Trend had a strong performance across the board as the technology sector bounced back. It was led by Spotify, Seagate, Tencent, Salesforce.com and Amazon, which all had returns of at least 20% for the month.
The only name with a negative performance was IBM.
As of the end of January 2023, this Trend consisted of 19 companies. Tencent completed its 1:10 spin-off of its interest in Meituan.
Online Shopping Spree Fund
The Trend return for the month was +8.81% and since launch (9 January 2015) is +72.80%.
This Trend has delivered a +7.86% return per annum.
This Trend had a very strong performance across the board as the technology and consumer sectors bounced back. It was led by TheRealReal, Expedia, Zalando, Disney, Alibaba and Netease, which all had returns of at least 20% for the month.
There were no companies with a negative performance for this Trend.
As of the end of January 2023, this Trend consisted of 17 companies. Tencent completed its 1:10 spin-off of its interest in Meituan.
Clean Disruption Fund
The Trend return for the month was +1.60% and since launch (6 January 2018) is +48.96%.
This Trend has delivered a +8.94% return per annum since inception.
This Trend performed well with positive performances from BYD, Varta, First Solar, IPG Photonics, Rockwool and Fanuc. Xylem and Orsted were the weakest names.
As of the end of January 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.