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AfrAsia Bank Limited and its Group Entities
Annual Report 2015
page 154
Developments over the financial year
Since it was wholly acquired by AfrAsia Bank Limited, ACM
has been on the path of a major restructuring venture.
The headcount has increased to 20 as at 30 June 2015, with a team
of 10 investment specialists backed by the Operations and Finance
teams.
In line with its usual innovative streak, ACM has launched a new CIS –
AfrAsia Partners Fund - to cater for investors looking for “patrimonial
investment solutions”. The Fund also addresses the need of investors
looking for an all-rounder fund, that is, an investment vehicle that
holds a selection of funds encompassing equity securities, equity
related securities, and fixed-income instruments of companies
worldwide, to generate capital appreciation.
Drawing on the expertise and experience of the investment
team, ACM has managed to successfully steer its funds amidst
accrued volatility in the financial markets over the past year with
performances as shown below:
CUMULATIVE GROWTH IN REVENUE, AUM AND PROFIT AFTER TAX
ACM FUNDS**
LAUNCH DATE CURRENCY 6-MONTHS 1-YEAR 3-YEARS 5-YEARS
EQUITY FUNDS
ACM Aussie Growth Fund
1-Jun-00
AUD
5.45%
2.91%
36.33%
25.92%
ASX 200
0.89%
1.17%
33.32%
26.91%
Alpha
4.57%
1.73%
3.01%
-0.98%
ACM European Fund
1-May-05
EUR
13.59%
15.13%
39.18%
48.08%
Eurostoxx 2000
10.44%
10.69%
48.23%
52.63%
Alpha
3.15%
4.44%
-9.06%
-4.55%
ACM India Focus Fund
1-Jan-11
USD
8.28%
36.33%
82.45%
N/A
BSE 200 ($ adjusted)
1.41%
5.57%
44.56%
N/A
Alpha
6.87%
30.75%
37.89%
N/A
ACM Global Equity Fund*
21-May-13
USD
1.53%
2.65%
35.81%
72.16%
MSCI AC World
1.53%
-1.22%
35.69%
57.88%
Alpha
0.00%
3.87%
0.12%
14.28%
* Fund performance prior to the launch date has been back-tested based on the fund’s investment strategy
** AfrAsia Parthers Fund was launched in April 2015, and only 3-months’ performance is available to-date
MANAGEMENT DISCUSSION AND ANALYSIS (CONTINUED)
0%
100%
200%
300%
400%
500%
600%
June-12
June-13
June-14
June-15
100%
237%
280%
514%
287%
167%
151%
124%
144%
214%
Aum
Profit after tax
Revenue