I was pumped! The blue ink from my favourite pen permanently marked the page with my messy signature.
It was done. Signed! Sealed! The deal completed and all that was left to do was deliver the contract and the first of the Calnan Flack Model Share Portfolios would be live! Calnan Flack had joined the big game as Money Managers.
Ian and I had been planning these portfolios for a long time. We meticulously plan everything, and we had put an enormous amount of planning into these portfolios. Investing is 90% preparation. I guess that’s why they call it “Financial PLANNING”.
Fast forward 12 months…
We gain the opportunity to critically review our public record. It’s something that we wanted to be able to do for a long time but until now ASIC has not allowed us. We believe in transparency and now we have a track record for all to see.
So how have we performed?
A Ripping 17.24% over the last 12 months! This performance figure is OVER DOUBLE the ASX 200 Accumulation Index for the same period.
Below is a chart of our performance for the last 12 months compared to our benchmarks.
- Calnan Flack Australian Share Fund: 17.24%!
- ASX 200 Accumulation Index: 8.07%
- MorningStar Multi-Sector Growth Market Index: 6.24%
Our portfolios are humming along. Some might say we are on fire!
We are super proud of our achievements at Calnan Flack – Outperformance of 9.17% is impressive by anyone’s account! And this goes some way to displaying the MASSIVE ADVANTAGE we believe we have due to our understanding and ability to invest with the cycle.
Our other massive advantage is the Investment Team supporting us. Dr Robert Vagg and his research and market acumen along with analysts Elizabeth Flack and Alan Calnan provide us with daily scrutiny of the market. We are also indebted to Katherine Burns and Kym Peters. We would not have been able to make it happen without their Financial Services wisdom.
Recently Phillip Anderson from Cycles, Trends and Forecasts has also joined the Investment Team. His investing, trading and cycle experience makes him an invaluable addition to the team.
Our Australian Share Fund is an opportunistic fund, seeking to exploit opportunities that we as the Investment Manager see in both our specific stock selection (mainly within the Top 100 Australian Shares) but also the way in which we weight our portfolio to either cash or shares depending on the specific cyclical market conditions.
See most Investment Managers are really just Index Managers. They hold investment portfolios that very closely replicate the index that they are benchmarked against.
We DON’T do this.
We believe we are able to capitalise on the cyclical nature of investment markets by investing at times we think the market itself displays value and moving into cash when we believe the share market is overvalued. We select stocks that we believe potentially offer a risk reward advantage.
ASIC ensures that we warn all investors and spectators that “past returns are NO guarantee of future returns” – which we completely agree with. However, we believe in letting our winning shares run and NOT arbitrarily reweighting them back to the index ensuring that you buy more of your losses and sell your winners.