AtlasTrend July 2023 Portfolio Scoop

 

The strongest positive performers were Hong Kong’s HSCEI Index and HSI Index, up +7.38% and +6.15% respectively and followed closely by the U.S. Russell 2000 Index, up +6.06% (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.

 

July Highlights

  • Developed markets continued their recent strong as the U.S. economy remains robust with growing sentiment of an economic ‘soft’ landing as the interest rate tightening cycle comes closer to the end.

  • The strongest positive performers were Hong Kong’s HSCEI Index and HSI Index, up +7.38% and +6.15% respectively and followed closely by the U.S. Russell 2000 Index, up +6.06% (local prices).

  • Only Japan’s Nikkei 225 Index, down -0.05% (local price) experienced a down month.

  • The strength of the AUD by +0.79% against the USD AUD returns for the Trends and indices.

  • The monthly performances across our Trends were +0.75%, +4.34% and -2.07% for the Big Data, Online Shopping and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +2.09%).

In the last 12 months, we have delivered performances of +14.10%, +9.50% and +4.11% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +17.62%).

In the last 6 months, we have delivered performances of +20.86%, +8.91% and +5.31% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +16.53%).

In the last 3 months, we have delivered performances of +10.93%, +5.96% and -0.98% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +6.52%).

Big Data Big Fund

The Trend return for the month was +0.75% and since launch (9 November 2015) is +128.82%.

This Trend has delivered a +11.31% return per annum since inception.

This Trend had another positive month as U.S. and Chinese equities and technology stocks rallied on the back of corporate earnings and bullish sentiment on AI. It was led by double-digit gains from JD.com. Meituan and Alphabet. Other strong performers included IBM, Digital Realty, Intel and Salesforce.com.

Weakness came from Yext, Spotify and NCSoft.

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

 

Online Shopping Spree Fund

The Trend return for the month was +4.34% and since launch (9 November 2015) is +88.19%.

This Trend has delivered a +8.53% return per annum.

This Trend continued its very strong overall performance with largely positive performances across the board. It was led by TheRealReal, Alibaba, Meituan, JD.com, Expedia.com, FedEx and Zalando. The only slight negative performers were eBay and Disney with investors concerned about how the current writers and actors strike will impact their content businesses.

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

Clean Disruption Fund

The Trend return for the month was -0.03% and since launch (6 June 2018) is +60.18%.

This Trend has delivered a +9.75% return per annum since inception.

This Trend continued its very strong overall performance with largely positive performances across the board. It was led by TheRealReal, Alibaba, Meituan, JD.com, Expedia.com, FedEx and Zalando. The only slight negative performers were eBay and Disney with investors concerned about how the current writers and actors strike will impact their content businesses.

As of the end of July 2023, this Trend consisted of 17 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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