AtlasTrend November 2023 Portfolio Scoop

 

The best performer was the U.S. NASDAQ Index, which was up +10.70% and the German DAX Index, up +9.49% (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.

 

November Highlights

  • Most of developed markets bounced back strongly after their recent weakness. A slowing inflationary outlook and strong performances from growth equities boosted markets.

  • The best performer was the U.S. NASDAQ Index, which was up +10.70% and the German DAX Index, up +9.49% (local prices).

  • The largest negative performances were from Hong Kong’s Hang Seng Index and HSCEI Index, down -0.47% and -0.07% (local prices).

  • The +4.06% rally by the AUD against the USD, dampened AUD returns for the Trends and indices.

In the last 12 months, we have delivered performances of +36.09%, +8.92% and -5.37% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +14.37%).

In the last 6 months, we have delivered performances of +17.73%, +4.39% and –10.71% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +6.18%).

In the last 3 months, we have delivered performances of +6.54%, -2.32% and -5.57% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of -0.73%).

Big Data Big Fund

The Trend return for the month was +6.66% and since launch (9 November 2015) is +160.63%.

This Trend has delivered a +12.62% return per annum since inception.

This Trend had another strong month, in absolute and relative terms. Only Meituan was a negative performer, and it is one of the smallest positions in the Trend. Positive performances were led by Salesforce, Kyndryl, Palo Alto Networks, Intel, Seagate, Tencent and NCSoft.

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

 

Online Shopping Spree Fund

The Trend return for the month was +3.63% and since launch (9 November 2015) is +82.30%.

This Trend has delivered a +7.74% return per annum.

This Trend performed well during the month led by a stellar performance from Expedia.com and a smaller position in TheRealReal. Other positive performances included Prologis, Disney, Target and Tencent. Weakness came from a few positions such Meituan, Alibaba and Walmart.

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

Clean Disruption Fund

The Trend return for the month was +4.87% and since launch (6 June 2018) is +43.07%.

This Trend has delivered a +6.75% return per annum since inception.

This Trend had a bounce back month as laggards such as Vestas Wind Systems and Tomra Systems bounced back hard. Other positive names included Algonquin, Northland Power, First Solar and Schneider Electric, Siemens Healthineers, Rockwool, and Fanuc. There were only 3 negative performers being NYD, Orsted and Bristol-Myers-Squibb.

As of the end of November 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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