K2 Asian Absolute Return AUD

The Fund's investment objective is to achieve a superior rate of long-term absolute capital appreciation by investing primarily in the Asia-Pacific region. In seeking to fulfil its investment objective, the Fund will invest in a portfolio of listed equity and equity-linked securities (including warrants, options, rights, preferred and convertible bonds, American Depository Receipts ('AEDRs') and Global Depository Receipts ('GDRs'). The Fund may also invest in fixed interest securities, currencies, commodities, money market instruments, options, futures and other derivative instruments, which may or may not be listed on a regulated financial exchange. The Fund will also instigate hedging strategies and may leverage its assets on an opportunistic basis, in order to achieve higher returns and/or a reduced level of risk. The Fund intends to invest primarily in those Asia Pacific markets offering reasonable liquidity and a range of derivative instruments.

Key stats

Management firm  K2 Asset Management Ltd
Domicile  Australia
Fund Administrator  State Street Australia Limited
Global Branding Name  K2 Asset Management
Fund Status  OBSOLETE
Fund currency  AUD
Launch Date  1999-09-01
Obsolete Date  2012-05-14
Fund Strategy  Hedge Funds - Global
Benchmark  MSCI AC Asia Ex Japan LCL
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2011-05-31
Return - 1 Month  -1.79%
Return - 2 Months  -0.61 %
Return - 3 Months  1.10%
Return - 6 Months  2.68 %
Return - 9 months  12.40 %
Return - 12 Months  14.27%
Annualized return 24 months  10.99 %
Annualized return 36 months  5.12 %
Annualized return 48 months  3.79 %
Annualized return 60 months  8.09 %
Return 120 months  10.64 %
Annualized return since Inception  12.44%
Return YTD  0.61%

Ratings

Morning Star Rating Date   2011-05-31
Morning Star Rating - 36 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - 60 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - 120 Months  fund has a 1 star rating
Morning Star Rating - Overall  fund has a 2 star rating fund has a 2 star rating

Charges

Initial  0.00 %
Minimum Investment  $500,000
Maximum Managment Charge  1.50 %
Exit charge  0.00 %
Performance Fee  20.00 %

Contact

Contact name  Andrew Hall
Contact Address  Level 32
Contact Address 2  101 Collins Street
Contact city  Melbourne
Contact country  Australia
Fund Admin Group  K2 Asset Management Ltd
Web Address  www.k2am.com.au
Email contact  mte@k2am.com.au
Phone  +61 03 9691 6111

Price

Last Price Date  2011-05-31
Pre-tax nav  162.20
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $-2.95
Price change (percentage)  -1.79 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
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