The Mint Diversified Alternatives Fund has been issued a “3 IP” rating from Research IP, with a score of 3.26/5.
The Mint Diversified Alternatives Fund (“the Fund”) aims to provide a high level of diversification to investors at a total portfolio level and increase portfolio efficiency from a risk adjusted return perspective.
The fund aims to provide capital growth whilst providing protection via diversification during market downturns, with the goal of earning a total return in excess of the benchmark.
What is the Fund’s competitive advantage?
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Research IP says
“Using predominantly listed vehicles via the London Stock Exchange allows for more flexibility in managing the Fund. It also provides the Manager with a larger universe of alternative assets to choose from. The Manager demonstrates a clear focus in assessing the liquidity of the underlying funds, though this does not negate the illiquid nature of those fund’s underlying assets. This is more apparent in times of market stress.“
“Manager/fund selection is important when constructing the portfolio, but the Manager is not attempting to pick the best managers, rather the best combination of managers.“
“Research IP observes that the Manager’s basic fee is in the lower half compared to sector peer relevant funds in New Zealand. The total expense ratio is what Research IP expects for a Fund of this nature, particularly given the difficulty in accessing a diversified range of alternative assets. For New Zealand investors the pool of similar funds is small.“
“The Manager has developed a transparent and methodical risk management framework. The Manager is cognisant of risk right through the investment process. Research IP believes the awareness of limitations at each step of the investment process is a positive, with actions taken to either accept, mitigate, avoid, or transfer the relevant risks.“
Research IP, 7 July 2023
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Research IP strongly recommends this document and report be read in conjunction with the relevant Product Disclosure Statement. Research IP gives no warranty of accuracy or completeness of information in this document. Any information, opinions, views or recommendations are general information only and do not take into consideration any person’s particular financial situation or goals and therefore does not constitute financial advice. This document should not be relied upon as a substitute for financial advice from your financial adviser.