Quarterly Review Q1 2024 - Adventurous final - Flipbook - Page 3
Performance summary
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The Adventurous Fund (“the Fund”) enjoyed a strong start to the year, returning +5.9% over
the 昀椀rst quarter.
With global equity markets performing well and your Fund invested almost entirely in equities,
this proved an attractive backdrop for your portfolio. This was further supplemented by the
Fund being tactically overweight to the strongly-performing Japanese Equity market.
Despite equity markets being primarily driven by what’s done well recently (i.e. what are known
as “momentum” stocks), it was pleasing to see your Fund’s global diversi昀椀cation prove helpful
to returns.
The Fund’s more growth-oriented managers delivered the strongest performance whereas
small cap and value-oriented strategies typically lagged.
MAB Adventurous
IA Flexible
Investment
5.9%
4.5%
1 year
13.7%
10.1%
6th Oct 2022
(Since launch)
19.6%
13.2%
Quarter 1 2024
The Fund has
seen a return
of 19.6% since
launch in
October 2022.
The Fund performance 昀椀gures are presented net of the Ongoing Charges Figure
(OCF) and run from launch.
Key portfolio activity
0 Sales
There were no
new sales in Q1
2024.
0 Buys
There were no new
buys in Q1 2024.
47 Manager
meetings
We attended 47
meetings during the
quarter to review
existing and prospective
managers.
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