AtlasTrend March 2024 Portfolio Scoop

 

The best performers during the month were Germany’s Deutsche Boerse Index and the U.K. FTSE 250 Index, which were up +4.61% and +4.36% (local prices) respectively, as Chinese markets experienced a bounce back month.

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 2024 Highlights

  • Developed markets continued their rally in March and rounded off a strong 1Q of 2024. The resilience of the global economy, strong corporate earnings and expectations of interest rate cuts later in 2024 all contributed to the positive momentum.

  • The best performers during the month were Germany’s Deutsche Boerse Index and the U.K. FTSE 250 Index, which were up +4.61% and +4.36% (local prices) respectively.

  • The only negative performance was from China’s Shanghai Index, down -0.15% (local price).

  • The +0.29% gain by the AUD against the USD, took away some of the AUD returns for the Trends and indices.

  • The monthly performances across our Trends were +0.09%, +3.27% and +4.16% for the Big Data, Online Shopping and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +2.99%).

In the last 12 months, we have delivered performances of +39.49%, +12.64% and +1.47% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +28.68%).

In the last 6 months, we have delivered performances of +23.26%, +13.25% and +14.75% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +20.08%).

In the last 3 months, we have delivered performances of +11.86%, +11.33% and +8.46% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +14.02%).

Big Data Big Fund

The Trend return for the month was +0.09% and since launch (9 November 2015) is +192.66%.

This Trend has delivered a +13.65% return per annum since inception.

This Trend had a positive month although it underperformed its benchmark, due to negative performances from Palo Alto Networks, Apple, Alarm.com and Salesforce.com. Positive performers were led by Alphabet, NCSoft, Arista Networks, IBM and Spotify.

As of the end of March 2024, this Trend consisted of 14 companies. During the month, Splunk was fully acquired for $157 per share in cash by Cisco. The position produced a +42.0% return for the Trend.

 

Online Shopping Spree Fund

The Trend return for the month was +3.27% and since launch (9 November 2015) is +100.07%.

This Trend has delivered a +8.62% return per annum.

This Trend had another strong month with some standout performances from TheRealReal, Zalando, FedEx, Target, Disney and eBay. Expedia.com and Apple. Both TheRealReal and Zalando rallied off lows as sentiment in online apparel models improved. Negative performers were led by Apple, Electronic Arts and Netease.

As of the end of March 2024, this Trend consisted of 14 companies.

Clean Disruption Fund

The Trend return for the month was +4.16% and since launch (6 June 2018) is +62.08%.

This Trend has delivered a +8.65% return per annum since inception.

This Trend continued its recent bounce back rally as positions such as Tomra Systems, Iberdrola Algonquin, First Solar, IPG Photonics and Bristol-Myers-Squibb performed strongly. The weaker names included Northland Power, Fanuc and Varta.

As of the end of March 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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