AtlasTrend March 2023 Portfolio Scoop

 

Positive performers were led by the U.S. NASDAQ Index, up +6.69% and Hong Kong’s HSCEI Index, up +5.89% (local prices) with weakness came from U.S. Russell 2000 Index, down -4.98% and the U.K. FTSE 250 Index, down -4.90% (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.

 

March Highlights

  • Developed markets generally rallied despite investor concerns about the global banking sector after the collapse of a few regional U.S. banks and the turmoil around Credit Suisse.

  • Positive performers were led by the U.S. NASDAQ Index, up +6.69% and Hong Kong’s HSCEI Index, up +5.89% (local prices).

  • Weakness came from U.S. Russell 2000 Index, down -4.98% and the U.K. FTSE 250 Index, down -4.90% (local prices).

  • Some minor weakness of the AUD by +0.65% against the USD and +3.18% against the € helped AUD returns for the Trends and indices.

  • The monthly performances across our Trends were +7.77%, +5.66% and +6.40% for the Big Data, Online Shopping and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +3.88%).

In the last 12 months, we have delivered performances of -1.90%, -5.18% and +9.80% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +4.31%).

In the last 6 months, we have delivered performances of +11.23%, +10.48% and +11.32% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +13.51%).

In the last 3 months, we have delivered performances of +17.35%, +11.85% and +8.94% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +9.20%).

Big Data Big Fund

The Trend return for the month was +7.77% and since launch (9 November 2015) is +109.80%.

This Trend has delivered a +10.55% return per annum since inception.

This Trend had another very strong performance led by Intel, Yext, Arista Networks, Spotify, Tencent, Salesforce.com, Alphabet and Apple. Laggards included NCSoft, Splunk and Digital Realty.

Tencent’s revenue rose 1% higher after two successive quarters of contractions, spurring hopes that a Chinese economic recovery and a looser regulatory environment will revive growth in 2023. It reported a 15% jump in online advertising revenue in the final three months of 2022, driven by its TikTok-style video feature.

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

 

Online Shopping Spree Fund

The Trend return for the month was +5.66% and since launch (9 November 2015) is +77.63%.

This Trend has delivered a +8.08% return per annum.

This Trend had a good performance due mainly to its Chinese positions such as Alibaba, Netease and Tencent, FedEx, Apple, Amazon and Electronic Arts were also strong performers. The weaker names included Expedia.com and TheRealReal.

A potential plan to split Alibaba into six divisions drove its rally. The plan is designed to appease Chinese regulators and will make the units more agile and focused. Alibaba’s logistics arm, Cainiao, has already started preparations for its Hong Kong IPO and is currently valued at more than US$20 billion.

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

Clean Disruption Fund

The Trend return for the month was +6.40% and since launch (6 June 2018) is +59.73%.

This Trend has delivered a +9.70% return per annum since inception.

This Trend had a very strong performance led by First Solar, Waste Management, BYD, Algonquin, Siemens Healthineers and Tomra Systems. Only Varta, Orsted and Vestas Wind Systems showed weakness during the month.

As of the end of March 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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