Aoris International Fund
Aoris Investment Management has launched a retail version of the Aoris International Fund - both hedged and unhedged - on the Australian Stock Exchange's mFund.
The fund invest in a concentrated global portfolio of 10 to 15 companies and is managed by founder Stephen Arnold, who was previously portfolio manager of Evans & Partners' international fund.
The fund achieves diversity by owning businesses with 'significant breadth in the end markets they serve'. Portfolio holdings include Accenture, Costco, L'Oreal and Nike.
It has a minimum investment of $20,000 and management fees of between 1.1 per cent (unhedged B and hedged D Class) and 1.50 per cent (unhedged A and hedged C Class) depending on the Class. B and D Class units also have a performance fee of 15 per cent of the amount the Class B units and Class D units outperform their benchmark (after deduction of other fees and expenses and provided any previous underperformance has been recovered). There is also a hedging fee of 0.05 per cent per annum.