Our Audited Track Record 

24th of July, 2018

The end of the Financial Year is a natural time to review the Calnan Flack Australian Share Fund. So how did we perform? Well we are pleased to inform a return of 18.64%pa*.

This follows the 17.24% return for the first year of the fund from inception. See our blog 17.24% Return for the last 12 Months 

We smashed our benchmarks, the Morningstar Multi-Sector Growth Market Index and the All Ords Accumulation Index – so we are very pleased with the funds performance!

We do need to be VERY careful about placing too much emphasis on short-term returns, in fact ASIC reminds us that “past performance is no guarantee of future performance” however, we think it’s still important that we at consider how we are tracking. For us, we have a LONG-TERM investment philosophy. One built around our Economic Cycle Action Plan and the Five Underlying Economic Drivers.

Our investment outlook is for the duration of the cycle, which we place at about 20 years.

Remember though, that our funds have an investment mandate that allows us to act “Opportunistically” seeking to exploit market movements by alternating the amount of cash or shares we hold as market conditions change.

This flexible approach in utilising a “Dynamic Asset Allocation Approach” is based upon our investment philosophy and unlike similar funds we do NOT want to be forced to hold growth assets, like shares, come the next major market decline.

We are super happy with our performance because our real point of difference comes once markets peak and start their mid and end of cycle declines. One year performance is great, but we are really focused on how our returns look 10 years from now.

Unlike our peers, we have the distinct advantage of being able to move to holding cash during market declines.

Think about this. Our fund can go 100% to cash during times of duress which provides us with a distinct advantage during the slowdowns.

We have a definable and repeatable investment process. Further, we believe that our Investment Committee holds some of the smartest and best investment minds in the business. We are pleased to welcome Phillip Anderson to the Investment Committee since our last update.

And we’ll take an audited 18.64%pa* any day!

I look forward to providing an update in another 12mths when we have an audited 2yr track record…

Australian Share Fund July Update

Let’s get started

If you want to avoid the mistakes of not understanding the dangers of investing without an understanding of the Economic Cycle, then why not have a chat to us about how we can help?

You have nothing to lose except a few minutes of your time and everything to gain.

So… let’s get started.

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Performance of your investment in the fund is not guaranteed, past performance is not a reliable indicator of future performance. Percentage returns quotes have been calculated using the Time Weighted Return (TWR) method. Performance is calculated using the closing prices of the portfolio and will include any distributions, income entitlements but excludes franking credits, taxes and fees.
This document provides general information only and has not been prepared having regard to your objectives, financial situation or needs. Before making an investment decision, you need to consider whether this information is appropriate to your objectives, financial situation, and needs. No person should act on the basis of any matter contained in this document without obtaining specific professional advice. This is not an offer document and does constitute a recommendation, offer or a solicitation of an offer to buy or sell securities. This material has been prepared as general information only and is only intended to provide a summary of the subject matter covered. Powerwrap Limited (AFSL 329829) is the issuer of the product Smartwrap upon which Calnan Flack Pty Ltd is a model manager. Further information and disclosure of all fees can be found in the Product Disclosure Statement and accompanying Approved Product List available on the Powerwrap website: www.powerwrap.com.au
This document contains or is based upon information that we believe to be accurate and reliable. While every effort has been made to ensure its accuracy Calnan Flack Pty Ltd makes no representations or warranties as to the accuracy of the information presented and takes no responsibility or liability (including for indirect, consequential or incidental damages), for any error, omission or inaccuracy in the data supplied. To the fullest extent allowed by law, Calnan Flack Pty Ltd, PGW Financial Services Pty Ltd, and Powerwrap Limited exclude all liability (whether arising in contract, from negligence or otherwise) in respect of all and each part of the document, including without limitation, any errors or omissions. The price and value of investments and their income will fluctuate.
Calnan Flack Pty Ltd is an Authorised Representative of PGW Financial Services Pty Ltd – AFSL 384713 ABN 15 123 835 441. Copyright © Calnan Flack Pty Ltd 2019. All rights reserved