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Home» Advisers» Products & platforms» Investments» Global equities» Arrowstreet Global Equity Fund (Hedged)

Products & platforms

Arrowstreet Global Equity Fund (Hedged)

Macquarie Professional Series

Overview
Features
About Arrowstreet
Research
How to invest

Overview

Winner - International Large Cap Shares - Financial Review Smart Investor Blue Ribbon Awards 2010.

The Arrowstreet Global Equity Fund (Hedged) aims to be fully invested in the Arrowstreet Global Equity Fund which holds a portfolio of between 125 and 300 global stocks.

The Arrowstreet Global Equity Fund (Hedged) offers:

exposure to a broad universe of stocks that includes developed and emerging markets as well as large and small company stocks
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)
currency hedging to Australian Dollars.

The unique investment strategy of the Arrowstreet Global Equity Fund (Hedged) may suit investors looking for long term growth, seeking to invest for seven years or longer. The minimum application for the Arrowstreet Global Equity Fund is $20,000.

Alternatively an unhedged version of this fund is available.

Tools


PDS	Fund review	Fact sheet	Manager article	Quarterly distribution

Features

Fund name	Arrowstreet Global Equity Fund (Hedged)
Investment manager	Arrowstreet Capital, L.P., Boston, Mass.
Investment objective	To seek to achieve a long-term (at least 7 years) total return before fees and expenses that exceeds the MSCI All Country World Index ex Australia, in A$ hedged with net dividends re-invested.
Investment approach	Active, quantitative investment approach that seeks to capitalise on opportunities across a broad universe of stocks
Asset allocation	International shares: 95% to 100% Cash: 0% to 5%
Minimum investment	$20,000
Distributions	Semi annually (June and December). If any
Applications	Daily
Withdrawals	Daily
Entry fee	Nil
Exit fee	Nil
Inception date	6 March 1997
Benchmark	MSCI All Country World Index ex Australia in A$ (hedged) with net dividends re-invested
Number of stocks	Generally 125-300
Buy/sell spread	+0.30% / -0.27% (from 31 March 2012)
Management fee	1.28% (inclusive of GST)

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 31 December 2011, they managed over $US34 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.

Research

Researcher	Rating
van Eyk	Highly rated *

How to invest

Apply now

To invest in the Arrowstreet Global Equity Fund (Hedged):

download and read the Arrowstreet Global Equity Fund (Hedged) Product Disclosure Statement (PDS)
complete the Arrowstreet application form which is in the back of the PDS
ensure you complete any additional identification requirements
send your completed application form and the additional required paperwork to:

Macquarie
GPO Box 2912
Brisbane QLD 4001

Or fax to 1800 219 334

Enquiries

If you have any questions regarding the application process 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

Prospective investors
Call your financial adviser or Macquarie on 1800 214 616

Quick links

What do you need?

Contact us

Call: 1800 214 616

Fax: (02) 8232 9435

Where we provide any advice on this website, it has been prepared without considering your objectives, financial situation or needs. Before acting on any advice on this website, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website.

Past performance of any product described on this site is not a reliable indication of future performance.

Other than Macquarie Bank Limited (Australian Credit Licence (ACL) 237502) ABN 46 008 583 542 (MBL), any Macquarie Group entity noted on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). That entity's obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

^~ Lonsec: The Lonsec Limited (“Lonsec”) ABN 56 061 751 102 ratings (assigned: Arrowstreet Global Equity Fund - February 2010; Arrowstreet Global Equity Fund (Hedged) - February 2010; Arrowstreet Emerging Markets Fund - June 2009; Concord Australian Equity Fund – January 2010; EII Global Property Fund - December 2009; Walter Scott Global Equity Fund - January 2010; Walter Scott Global Equity fund (Hedged) - January 2010; Winton Global Alpha Fund - July 2009) presented in this document are limited to “General Advice” and based solely on consideration of the investment merits of the financial products. They are not a recommendation to purchase, sell or hold the relevant products, and you should seek independent financial advice before investing in these products. The ratings are subject to change without notice and Lonsec assumes no obligation to update these documents following publication. Lonsec receives a fee from the fund manager(s) for rating the products using comprehensive and objective criteria.

* van Eyk Research Pty Ltd (ABN 99 010 664 632 AFSL 237917) (van Eyk) rates investment management capabilities rather than individual products. These ratings are valid as at October 2010 (IFP Global Franchise, Walter Scott Global Equity, Arrowstreet Global Equity), August 2007 (Winton Global Alpha) but can change or cease at anytime and should not be relied upon without referring to the meaning of the rating, as well as the full manager report, available to subscribers at www.irate.vaneyk.com.au. van Eyk has not directed the publication of IFP, Arrowstreet, Walter Scott & Partners and Winton Capital Management Limited’s ratings. Past performance information is given for illustrative purposes only and should not be relied upon as it is not an indication of future performance. The rating is not intended to influence you and your client's investment decision in relation to any products managed by IFP, Arrowstreet, Walter Scott & Partners and Winton Capital Management Limited and does not take into account your client's individual financial situation, needs or objectives. We recommend that you and your client do not rely on this rating in making an investment decision and instead you seek advice from an appropriate investment adviser and read the product disclosure statement before making such a decision.

*Standard & Poor’s Information Services (Australia) Pty Ltd (ABN: 17 096 167 556, Australian Financial Services Licence Number: 258896) (“Standard & Poor’s) Fund Awards are determined using proprietary methodologies. Fund Awards and ratings are solely statements of opinion and do not represent recommendations to purchase, hold, or sell any securities or make any other investment decisions. Ratings are subject to change. For the latest ratings information please visit fundsinsights.com.au

** The fund, which has been in existence since March 1997 gained exposure to Arrowstreet Capital L.P's investment process from December 2006 through investing in the Arrowstreet Global Equity Fund (ARSN 122 036 006).

Investments in the Arrowstreet Global Equity Fund (Hedged) are offered by Macquarie Investment Management Limited ABN 66 002 867 003 AFSL No. 237492 ("MIML").

Investments in the fund are not deposits with or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 or of any Macquarie Group company and are subject to investment risk, including possible delays in repayment and loss of income or principal invested. Neither Macquarie Bank Limited, Macquarie Investment Management Limited nor any other member company of the Macquarie Group guarantees the performance of the fund or the repayment of capital from the fund or any particular rate of return.

The information is general advice only and does not take into account your individual financial situation, investment objectives or needs, which you should have regard to in deciding whether this information is appropriate. Before making a decision to invest in the fund you should obtain and consider a copy of the fund’s PDS, which is available on our website.