AtlasTrend January 2024 Portfolio Scoop

 

The best performers were Japan’s Nikkei 225 Index and TOPIX Index, which were up +8.43% and +7.81% (local prices) respectively.

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 2024 Highlights

  • Most developed markets enjoyed an ongoing rally as interest rate cuts are anticipated sometime in 2024, despite some warnings from central banks that loosening monetary policy is not imminent.

  • The best performers were Japan’s Nikkei 225 Index and TOPIX Index, which were up +8.43% and +7.81% (local prices) respectively.

  • The largest negative performances were once again, Hong Kong’s Hang Seng HSCEI Index and HSI Index, down -9.96% and -9.16% (local prices) respectively.

  • The -3.71% fall by the AUD against the USD, benefitted AUD returns for the Trends and indices.

  • The monthly performances across our Trends were +6.24%, +0.77% and -2.49% for the Big Data, Online Shopping and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +4.52%).

In the last 12 months, we have delivered performances of +46.81%, +4.80% and -2.18% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +25.09%).

In the last 6 months, we have delivered performances of +21.47%, -3.77% and -7.11% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +7.35%).

In the last 3 months, we have delivered performances of +13.74%, +2.95% and +6.80% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +11.16%).

Big Data Big Fund

The Trend return for the month was +6.24% and since launch (9 November 2015) is +177.94%.

This Trend has delivered a +13.23% return per annum since inception.

This Trend had a strong positive month led by Palo Alto Networks, Spotify, Arista Networks and Safesforce.com. Chinese equities remain weak with underperformance led by small positions such as Meituan, JD.com as well as Tencent.

As of the end of January 2024, this Trend consisted of 19 companies.

 

Online Shopping Spree Fund

The Trend return for the month was +0.77% and since launch (9 November 2015) is +81.10%.

This Trend has delivered a +7.49% return per annum.

This Trend had a mixed month with the Chinese names leading the negative performers including JD.com, Tencent and Meituan. The positive contributors were led by Disney, Walmart as well as Netease and Amazon.com.

As of the end of January 2024, this Trend consisted of 17 companies.

Clean Disruption Fund

The Trend return for the month was -2.49% and since launch (6 June 2018) is +45.71%.

This Trend has delivered a +6.89% return per annum since inception.

This Trend had weak month with the negative performers led by BYD, Varta, First Solar, Vestas Wind Systems and Tomra Systems. The positive names were Orsted, Waste Management, KLA, and Northland Power.

As of the end of January 2024, 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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