Antares Inflation Linked Bond Fund

About Antares Fixed Income


Antares Fixed Income (Antares) is a specialist fixed interest manager covering a range of domestic and international securities.

Antares has managed fixed interest and cash portfolios for investors since 1990 and currently has over A$18.4 billion^ in funds under management across a range of cash management, fixed income and liability driven investments.

Antares is focused on delivering performance objectives for our clients within a carefully managed and defined risk framework.

Fund Overview

The Antares Inflation Linked Bond Fund was launched in June 2011.

Inflation linked bonds (linkers) offer a hedge against inflation by maintaining the real purchasing power of the principal investment. This is achieved by adjusting the capital value of the bond by the quarterly change in the inflation rate.

Antares views linkers as a separate asset class within the fixed interest sector. With institutional knowledge developed over 20 years in the Australian inflation linked bond market, Antares applies specialist skills to manage linkers.

Antares’ investment approach is based on a rigorous assessment of the domestic and international drivers of linkers and nominal bonds as well as the interplay of these two markets through the economic and interest rate cycles.

The Fund is constructed by capturing the risks of the market and overlaying a range of diversified strategies which enhances returns and helps manage portfolio risk. These strategies are focused primarily on duration, yield curve positioning as well as the relationship between nominal and real bonds i.e. breakeven inflation (BEI).

^As at 30 September 2013

The Investment Team

The portfolio managers are highly experienced and have successfully managed investments through a range of market cycles. Antares’ consistent investment performance is built on their specialist knowledge, rigorous research and proven processes. Antares actively encourages the cross-skilling of staff members in the management of all its portfolios to ensure the maximum depth of experience and skill is accessible to clients.

The collaborative team culture and stable working environment enables the team to stay focused on delivering long-term superior returns to investors.

About the Portfolio Manager


Tano Pelosi
B.Com., M.Ec., M.Com., PhD

Tano has responsibility for managing inflation linked securities portfolios and supporting responsibilities for the management of broader fixed interest portfolios.

Tano joined Antares in August 2004 following a number of years in roles involving capital markets research at NAB Wholesale and Westpac Institutional Bank. He has over 18 years investment experience.

Latest Videos


18 Oct 2011

Inflation linked bond fund delivers

18 Oct 2011 – Antares Fixed Income Portfolio Manager, Tano Pelosi discusses recent stellar returns, the long term outlook for inflation and who invests in inflation linked securities.


Fund information

Objective The aim of the Fund is to provide investors with a level of long term protection from inflation by actively managing a portfolio of Australian Commonwealth and Semi Government inflation linked bond and nominal securities.
Benchmark UBS Government Inflation Index 0–10 Years.
Approach Antares employs an active investment management approach using a range of strategies with a focus on maintaining a high degree of liquidity.
Investment strategy • Extracts returns from the interplay between nominal and real interest rates.
• Uses a combination of diversified investment strategies to generate excess returns and manage risk for the portfolio. These strategies include term extension, yield curve positioning, duration, relative value positioning and various other tactical strategies.
• Has the capacity to strategically deviate from the benchmark whilst always maintaining a minimum exposure to inflation linked bonds.
Investment time frame 3–5 years plus.
Income distribution The income of the Fund will generally be calculated effective the last day of September,
December, March and June.
Fees and costs Management Fee is 0.30% p.a. of the Fund’s net asset value before fees.

 
Contacts  
Robert Sullivan
Global Head of Distribution
Investor Services
info@antarescapital.com.au
Direct: +61 (0)2 8274 4839
Mobile: +61 (0) 412 355 938
Email: rob.b.sullivan@nabinvest.com.au
Level 17, 255 George Street,
Sydney NSW 2000
www.antarescapital.com.au

Disclaimer
This document has been prepared by Antares Capital Partners Ltd ABN 85 066 081 114, AFSL 234483 (‘ACP’), the Responsible Entity of, and the issuer of units in, the Antares Inflation Linked Bond Fund (‘the Fund’). This is general information only and is intended for use only by ‘wholesale clients’ within the meaning of the Corporations Act 2001(Cth). Any person wishing to acquire units in the Fund should read the relevant Information Memorandum and obtain professional financial advice before making an investment decision. This document has been prepared in good faith, where applicable, using information from sources believed to be reliable and accurate as at the time of preparation. However, no representation or warranty (express or implied) is given as to its accuracy, reliability or completeness (which may change without notice). This document does not take account of any investor’s individual objectives, financial situation or needs. Past performance is not indicative of future performance. An investment in the Fund does not represent a deposit with or a liability of National Australia Bank Limited nor any of its related bodies corporate (‘NAB Group’) and is subject to investment risk including possible delays in repayment and loss of income and capital invested. No company in the NAB Group guarantees the repayment of capital invested, the payment of income or the performance of the Fund.