Arrowstreet Global Equity Fund (Hedged)
Macquarie Professional Series
Features and benefits
The Arrowstreet Global Equity Hedged Fund provides you with exposure to global equity strategy by investing in developed and emerging markets to diversify your portfolio. The fund aims to be fully invested in the Arrowstreet Global Equity Fund which holds a portfolio of between 150 to 400 global stocks and 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).
- Macquarie will hedge this Fund's exposure to international assets back to Australian dollars
The investment strategy of the Arrowstreet Global Equity Fund (Hedged) may suit investors looking for long term growth, seeking to invest for 7 years or longer. The minimum application for the Arrowstreet Global Equity Fund is $20,000.
About Arrowstreet
Arrowstreet Capital L.P. (Arrowstreet) are a global equity manager based in Boston, Massachusetts. They were formed in July 1999 and are 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 $US34 billion in assets for its clients globally, which include pension funds, foundations and corporations.
Arrowstreet’s investment process uses forecasting models that combine the experience and judgement of Arrowstreet’s investment team with quantitative analysis to forecast individual stock returns. Stock forecasts are based upon a diverse set of predictive factors that can be categorised as value, momentum, earnings, high frequency and currency signals.
Value signals allow the strategy to identify stocks that are either undervalued or overvalued relative to fundamentals.
Momentum signals allow the strategy to identify stocks that are expected to outperform based on the slow reflection of information in security prices and the speculative behaviour of investors.
Earnings signals help the strategy identify future profits and changes in market sentiment.
High frequency signals, such as price patterns, help identify short-term opportunities and are useful in timing longer term trades driven by value, momentum or earnings considerations.
Currency signals help improve the currency exposure in a given portfolio.
In constructing the final portfolio, Arrowstreet uses an optimisation process to balance the trade-off between a stock’s expected return, its contribution to portfolio risk, and its trading costs.
More information
| Fund Name | Arrowstreet Global Equity Fund (Hedged) |
| Investment manager | Arrowstreet Capital, L.P. Boston, Mass. |
| Investment objective |
To seek to achieve a long-term (at least 7 years) total return before fees and expenses that exceeds the MSCI All Country World Index ex Australia, in A$ 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 | $20,000 |
| Distributions | semi annually (at 30 June and December). If any |
| Applications | Daily |
| Withdrawels | Daily |
| Entry Fee | Nil |
| Exit Fee | Nil |
| Inception date | 6 March 1997 |
| Benchmark | MSCI All Country World Index ex Australia, in A$ Hedged with net dividends re-invested |
| Number of stocks | Generally 125-300 |
| Buy/Sell spread | +0.22% / -0.19% |
| Management fee | 1.28% p.a. (inclusive of the net effect of GST) |
Brochures and forms
- Product Disclosure Statement
- Additional Information to the PDS
- Application form (22 June 2012)
- Appendix A to the application form
- Fact sheet
- Manager Article
Macquarie Professional Series
Contact us
Did you know...
You can invest your super in international shares with SuperOptions, your simple but flexible superannuation plan.
Need to diversify your portfolio?
Gain exposure to emerging markets through a Macquarie Private Wealth financial adviser.