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Antipodes Global Fund (PIE)

Implemented Investment Solutions Limited acts as the Manager of the Antipodes Global Fund (PIE), while Antipodes Partners undertakes the role of Investment Manager. The fund was registered under the Financial Markets Control Act 2013 in New Zealand on 23 July 2018.

The aim of the fund is to achieve absolute returns in excess of the MSCI All Country World Net Index in New Zealand dollars over a typical investment cycle of 3-5 years.

Fund and investment manager

How do we operate?

  • The fund invests in the Antipodes Global Fund – UCITS, Class S (Underlying Fund) and cash or equivalent securities.
  • The Underlying Fund’s investment exposure is predominantly to a broad range of international shares listed on stock exchanges in developed and emerging markets. Derivatives, including equity shorts and currency positions, may be used where the Investment Manager sees attractive opportunities, and also to offset specific unwanted portfolio risks and provide some protection from unexpectedly large movements in the value of the portfolio. Derivatives may also be used where the Investment Manager feels strongly about the return potential of an idea. In using derivatives, the Underlying Fund’s total gross exposure may be leveraged to a maximum of 200% of its Net Asset Value.
  • The Underlying Fund’s net exposure will be within a range of 50% to 100% of its Net Asset Value.

For further information on Antipodes Global Fund (PIE), please download and read our Product Disclosure Statement here.

Key facts

Fact sheet

Antipodes Global Fund (PIE) - Performance Table

Performance chart

Cumulative performance (over selected time horizon)

All returns are net of fees and in NZD terms. Calculations are based on exit price with distributions reinvested, after ongoing fees and expenses but excluding taxation. Inception date of the Antipodes Global Fund (PIE) was 25 July 2018. Past performance is not a reliable indicator of future performance.

Antipodes Global Fund (PIE) - Unit Prices

Top 10 equity longs (%)

Sector exposure (%)²

Currency exposure (%)¹ ²

Regional exposure (%)¹ ²

1 Where possible, regions, countries and currencies classified on a look through basis. 2 Antipodes Partners classification.

Monthly updates

For historical reports, please contact the Antipodes team

Quarterly updates

For historical reports, please contact the Antipodes team

How to invest

If you are making an investment directly with us, then you will be required to complete the application form, which can be obtained from the Manager, and send it with your cheque or payment details to:
The  Manager
Implemented Investment Solutions Limited
Level 3, Woodward House
1 Woodward Street
PO Box 25003, Wellington 6146

Payments by cheque are to be made payable to: “Public Trust ATF Antipodes Investment Scheme”

You can also apply to invest in the Funds through approved investment administration and custodial service platforms (also known as ‘wrap platforms’ or ‘PIE investor proxies’). Many adviser groups and distributors prefer using wrap platforms in providing services to their clients. When reading the PDS you should remember that if your investments are purchased through a wrap platform they will be held by a custodian on your behalf. In that case you should refer to the wrap platform’s service terms and relevant material for how you may invest in the Fund. The terms of these wrap platform services are separate and independent to the offer of the Fund under the PDS. Please take time to read the PDS and other information contained on the scheme register (www.companiesoffice.govt.nz/disclose) before making your investment decision.

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