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Future Directions Total Return Fund
The Future Directions Total Return Fund offers investors leveraged returns based on a global portfolio of hedged funds, through a total return swap.
Key features
- A total return swap (Swap) between the Fund and BNP Paribas, a major European bank, is used to obtain economic exposure to the performance of a portfolio of hedge funds (called the Notional Portfolio). Returns reflect the leverage and are adjusted for allowances for costs. Although the Swap allows the Fund to receive returns based on the performance of the hedge fund investments, it does not own those investments.
- AMP Capital’s rigorous investment selection process and portfolio management expertise is applied in selecting the hedge funds represented in the Notional Portfolio and deciding the amount of leverage under the Swap.
- The Swap facilitates leveraged exposure to the Notional Portfolio, expected to be 1.5 to 2.5 times.
Fund facts |
|
| APIR code | AMP0975AU (Class A units) |
| Fund aim | To provide a total return, after all management and performance fees, higher than the return of the RBA Cash Rate on a rolling 3 year basis. |
Risk level |
Medium |
Time frame |
Minimum 3 to 5 years |
Inception date |
22 July 2005 (Class A units)* |
| Benchmark | Reserve Bank of Australia (RBA) Cash Rate |
* Note that the Fund was significantly restructured in November 2006. For the period from inception to November 2006, the Fund did not use leverage and its assets were invested with a range of hedge funds and managers which may not necessarily be the same as those selected going forward after the restructure.
Future Directions Funds
Planner Portal
More Information
| FDF overview |
| Panel of managers |
| FDF manager profiles |
| FDF commentary |
| PDS update |
| Introduction to absolute return funds |
| Performance report Nov 2008 (PDF 69Kb) |
| PDS |
