Fund of the month September 2016: Global Time Diversified Absolute Return Fund

Fund Strategy
The Principal Global Investors Funds – Global Time Diversified Absolute Return Fund is a UCITS compliant fund domiciled in Ireland. It aims to provide a consistent stream of positive returns in excess of USD 3-month LIBOR over a 3 – 5 year horizon. The Fund is a 50 / 50 risk weighted blend of a macro discretionary alpha process and a discretionary systematic process and invests in FX derivative instruments within the developed market universe. The distinct characteristics of the underlying strategies help the Fund diversify across multiple factors which results in a more stable return profile than most single strategy approaches whilst remaining lowly correlated to other market betas. It invests solely in FX derivative instruments within the developed market universe.


Fund Chart
chart_2016_09_mcg_blue


Fund Facts
Inception date: January 2nd 2015
AuM: USD 5 million
Sharpe ratio: 0.36
Volatility: 12.26%macrocurrency-logo-grey
1 month performance: 0.64%
3 month performance: 6.15%
12 month performance: 16.79%
YTD performance: 10.26%
Ann. perf. since inception: 4.47%
(All data as of August 31st 2016)


Portfolio Manager
farrington-petejThe Macro Currency Group is a specialist absolute return manager offering high alpha strategies and institutionally-focused currency overlay products to a global client base. Based in London and Sydney, the group has been managing currency portfolios on behalf of clients for over 18 years. The group is a business unit within Principal Global Investors (Europe) Ltd, and currently manages over $2bn in active currency portfolios.


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