Arrowstreet Emerging Markets Fund
Macquarie Professional Series
Overview
The Arrowstreet Emerging Markets Fund holds a portfolio of between 100 to 250 emerging market stocks.
The Arrowstreet Emerging Markets Fund offers:
- exposure to companies in emerging economies with potential for high levels of growth
- an active, quantitative process that aims to add value through varying market conditions
- tactical (temporary), rather than systematic (constant), tilts away from the benchmark (eg favouring value stocks over growth stocks, or large companies over small companies).
THIS FUND IS CLOSED TO NEW INVESTMENT
Tools
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| PDS | Fund review | Quarterly fund review | Quarterly distribution |
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| Annual report | PDS update letter |
Features
| Fund name | Arrowstreet Emerging Markets Fund |
| Investment manager | Arrowstreet Capital, L.P. Boston, MASS |
| Asset allocation |
International shares: 95% to 100% Cash: 0% to 5% |
| Minimum investment | $20,000 |
| Distributions | Paid annually as at 30 June. If any |
| Applications | Daily |
| Withdrawals | Daily |
| Entry fee | Nil |
| Exit fee | Nil |
| Management fee | 1.48% pa (inclusive of GST) |
| Inception date | 9 July 2007 |
| Benchmark | MSCI Emerging Markets Index, in A$ Unhedged with net dividends re-invested |
| Number of stocks | Generally 100-250 |
| Buy/sell spread | +0.33% / -0.40% |
About Arrowstreet
Arrowstreet Capital LP (Arrowstreet) is a global equity manager based in Boston, Massachusetts. Arrowstreet was formed in July 1999 and is registered with the Securities and Exchange Commission of the U.S. Arrowstreet is structured as a limited partnership that is wholly owned and controlled by its senior professionals. As at 30 September 2009, they managed over $US21 billion in assets for its clients globally, which include pension funds, foundations and corporations.
Arrowstreet’s investment process uses forecasting models that combine the experience and judgement of Arrowstreet’s investment team with quantitative analysis to forecast individual stock returns. Stock forecasts are based upon a diverse set of predictive factors that can be categorised as value, momentum, earnings, high frequency and currency signals.
Value signals allow the strategy to identify stocks that are either undervalued or overvalued relative to fundamentals.
Momentum signals allow the strategy to identify stocks that are expected to outperform based on the slow reflection of information in security prices and the speculative behaviour of investors.
Earnings signals help the strategy identify future profits and changes in market sentiment.
High frequency signals, such as price patterns, help identify short-term opportunities and are useful in timing longer term trades driven by value, momentum or earnings considerations.
Currency signals help improve the currency exposure in a given portfolio.
In constructing the final portfolio, Arrowstreet uses an optimisation process to balance the trade-off between a stock’s expected return, its contribution to portfolio risk, and its trading costs.
Contacts
Enquiries
If you have any questions regarding Arrowstreet Emerging Markets Fund please contact us on:
Financial advisers
Phone 1800 214 616
Or click here to be contacted by a Macquarie Business Development Manager.
Institutional investors
Phone 02 8232 7017
Master trusts and wrap operators
Phone 1800 214 616