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The Multi-Manager global equity strategy has four underlying managers. These managers select companies from around the world covering a diverse range of regions and sectors. The result is a portfolio that holds around 150-170 companies.
The appointed global managers are responsible for the investment management of the assets, with the over all multi-manager global equity strategy managed by Yarra Capital Management.
Risk Indicator (volatility)
Target Asset Allocation
This number indicates the relative 'risk' level of this fund based on the types of assets it is invested in, ranging from level 1 (least risky) to 7 (most risky).
| Risk category | Description of volatility |
| 1 | Very low |
| 2 | Low |
| 3 | Medium |
| 4 | Medium to High |
| 5 | High |
| 6 | Very high |
| 7 | Extremely high |
The risk indicators are calculated using returns of the funds, the returns of the fund’s market index or a combination of both, for the previous five years. Index returns or a mix are used if the fund has existed for less than five years. All Managers are required to use the same methodology so you can compare the risk of different funds if you are researching more than one manager.
| One month | Three months | One year | Three years (p.a) | Five years (p.a) | |
|---|---|---|---|---|---|
| Fund performance1 | 10.31 | -0.90 | 17.58 | 16.63 | 7.75 |
| Appropriate Market Index (AMI)2 | 9.04 | 3.26 | 29.21 | 18.98 | 9.35 |
AMI (appropriate market index) is a theoretical portfolio with similar underlying assets as the fund. This allows investors to see a comparison of how the value of those assets have changed in the market relative to the fund.
| Security Name | Percentage |
|---|---|
| Life Cycle Concentrated Global Share Fund Class Z | 31.53% |
| Nvidia Corp | 4.30% |
| NZD BNP Paribas A/C | 3.76% |
| Amazon Com Inc | 3.20% |
| Microsoft Corp | 2.91% |
| Mastercard Inc - Class A | 1.57% |
| Broadcom Corp Com | 1.40% |
| Applovin Corp | 1.24% |
| Siemens Energy Ag | 1.19% |
| Taiwan Semicon Manufacturing Co Ltd | 1.16% |
Commentary
As of 30 April 2026
Market Overview
Global equity markets rebounded strongly in April 2026, recovering from March’s geopolitical tensions (Middle East conflict) amid solid corporate earnings, renewed AI enthusiasm, and easing concerns in some areas.
Major country/region indices showed broad gains, with notable leadership from tech-heavy areas: US equities gained 7% while the Nasdaq Composite gained more than 10%.
Fund Highlights
The fund returned 8.42% for the month, slightly behind the benchmark which returned 9.04%.
Of the underlying managers, only WCM managed to outperform the unhedged index (by 83 bps); Amova (-112 bps) and Life Cycle (-110 bps) underperformed by a similar margin, while JP Morgan had another tough month with 205 bps underperformance.