Dynamic Asset Allocation Fund
Fund Update 30th September 2019
Manager: Calnan Flack
Model Portfolio Name: Dynamic Asset Allocation Fund
The Calnan Flack Dynamic Asset Allocation Index Fund provides investors with exposure to a mix of both capital growth and income assets in an environment where the manager can make changes to the asset allocation.
The Investment Team continues to be pleased regarding the performance and composition of the Calnan Flack Dynamic Asset Allocation Fund.
In keeping with the mandated methodology of investing with a dynamic approach to the underlying asset allocation held in the portfolio, currently higher levels of cash are being held in order to address current short-term market concerns. Longer-term the Investment Team remain confident of continuing price increases of growth assets.
During this quarter’s review of eligible assets by the Investment Team the continued increased maturity of the ETP (Exchange Traded Products) market has provide a greater offering of listed products. The Investment Team are continually considering the new products on offer and assessing whether they can be used to enhance the makeup of the portfolio.
The ongoing development of the ETP market continues to increase the opportunity for the portfolio to undertake tactical asset allocations between assets as derived by market conditions.
Holdings – Australian Share Fund
|AAA||BETASHARES AUSTRALIAN HIGH INTEREST CASH ETF|
|BILL||ISHARES CORE CASH ETF|
|IAA||ISHARES ASIA 50 ETF|
|IJR||ISHARES S&P SMALL-CAP ETF|
|IZZ||ISHARES CHINA LARGE-CAP ETF|
|MVE||VANECK VECTORS S&P/ASX MIDCAP ETF|
|NDQ||BETASHARES NASDAQ 100 ETF|
|VAF||VANGUARD AUSTRALIAN FIXED INTEREST INDEX ETF|
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