AtlasTrend September 2023 Portfolio Scoop

 

The U.K. FTSE 100 Index, up +2.27% (local price) experienced an up month with the largest negative performances from the U.S. Russell 2000 Index, down -6.03% and the U.S. NASDAQ Index, down -5.81% (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.

 

September Highlights

  • Developed markets suffered a significant down month as investors turn pessimistic that interest rates would likely remain high for longer despite a likelihood of a softer landing.

  • The largest negative performances from the U.S. Russell 2000 Index, down -6.03% and the U.S. NASDAQ Index, down -5.81% (local prices).

  • Only the U.K. FTSE 100 Index, up +2.27% (local price) experienced an up month.

  • The weakness of the AUD by -0.77% against the USD, helped AUD dampen the negative returns for the Trends and indices.

In the last 12 months, we have delivered performances of +25.88%, +9.88% and -1.56% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +21.64%).

In the last 6 months, we have delivered performances of +13.17%, -0.54% and -11.57% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of +7.16%).

In the last 3 months, we have delivered performances of +4.54%, -2.05% and -11.82% for the Big Data, Online Shopping Spree, and Clean Disruption Trends respectively (versus MSCI World ex Australia Index of -0.43%).

Big Data Big Fund

The Trend return for the month was -2.95% and since launch (9 November 2015) is +137.43%.

This Trend has delivered a +11.58% return per annum since inception.

Although this Trend had a down month, it performed relatively well due its position in Splunk (which was added to in August). During September, Cisco announced a takeover of Splunk for US$157 per share in cash, a 31% premium to the pre-announcement price.

The Trend also had positive performances from Alarm.com, Intel and Spotify while the weakest names were Yext, NCSoft, Kyndryl, JD.com and Meituan.

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

 

Online Shopping Spree Fund

The Trend return for the month was -5.34% and since launch (9 November 2015) is +76.67%.

This Trend has delivered a +7.48% return per annum.

This Trend had a relatively weak performance as it was consumer discretionary names experienced share price weakness. Share price weakness was led by Zalando, The RealReal, Target, JD.com and Meituan with only FedEx and Electronic Arts being the positive performers.

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

Clean Disruption Fund

The Trend return for the month was -6.78% and since launch (6 June 2018) is +41.25%.

This Trend has delivered a +6.71% return per annum since inception.

This Trend had another disappointing performance as energy names remained weak such as Algonquin, Northland Power, First Solar and Orsted suffered. Other names such as Tomra Systems, Xylem and Varta also experienced weakness while the only positive performer in the Trend was Siemens Healthineers. Names such as BYD, Schneider Electric, Iberdrola, Waste Management and Rockwool performed well in a relative basis.

As of the end of September 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.

 
 
 
AtlasTrendGuest UserMarket insights