Quantitative investment approach
Implementing fundamental investment ideas at scale
Driven by research
Seeking differentiated signals from less obvious information
Strong long-term performance record
Strategy seeks to outperform across different market conditions
Investment approach
Arrowstreet offers exposure to a diversified portfolio of global equities, from both developed and emerging markets. In identifying opportunities, Arrowstreet combines the investment intuition of their experienced team, with rigorous quantitative research and sophisticated forecasting models. The investment team seeks to outperform the benchmark by identifying information that, while relevant to a company's share price, is less obvious to the market.
Discover access options
Arrowstreet Global Equity Fund
Flagship, no performance fee
| Fund facts | |
| Investment objective | The Fund aims to achieve a long-term total return (before fees and expenses) that exceeds the MSCI All Country World ex Australia Index, in $A unhedged with net dividends reinvested (Benchmark) |
| Benchmark | MSCI All Country World ex Australia Index, in $A unhedged with net dividends reinvested |
| Inception date | 18 December 2006 |
| Fund size | $A5,810.6m (current as at 31 July 2024) |
| Management fee | 1.28% pa of the net asset value of the Fund |
| Minimum investment | $A5,000 |
| Distribution frequency | Generally semi-annually |
| APIR code | MAQ0464AU |
| Target Market Determination | The Target Market Determination (TMD), available at macquarie.com/mam/TMD, includes a description of the class of consumers for whom the Fund is likely to be consistent with their objectives, financial situation and needs. View TMD |
| Macquarie Professional Series | This Fund is proudly brought to you by Macquarie Professional Series. Learn more |
Read the Product Disclosure Statement for more details on fees and costs that may be charged.
The Fund is designed for consumers who:
- are seeking capital growth and income distribution
- are intending to use the Fund as a core component, minor allocation or satellite allocation within a portfolio
- have a minimum investment timeframe of seven years
- have a high or very high risk/return profile for that portion of their investment portfolio, and
- require the ability to have access to capital within one week of request.
Researcher ratings
Lonsec 1
'Highly Recommended'
Zenith 2
'Highly Recommended'
Morningstar 3
Morningstar Medalist RatingTM – 'Bronze' assigned 06.06.2024
Analyst-Driven 100%
Data Coverage 100%
These reports are available to licensed financial advisers on request. Please contact your local Business Development Manager.
Awards
2023 Money Management Fund Manager of the Year Awards
Winner: Global Equity Fund of the Year
2023 Zenith Fund Awards
Global Finalist: International Equities
2022 Zenith Fund Awards
Global Finalist: International Equities
2021 Zenith Fund Awards
Winner: Best Global Equity Fund
Past performance is not a reliable indicator of future performance. Total returns are calculated based on changes in net asset values and assumes the reinvestment of distributions.
The performance information shown above may differ to the information in the performance report due to rounding.
* Inception date is 18 December 2006
** Total net Fund returns are quoted after the deduction of fees and expenses. Due to individual circumstances, your net returns may differ from the net returns quoted above.
*** MSCI All Country World ex Australia Index, in $A unhedged with net dividends reinvested.
Available investment platforms
- Advantage
- Asgard
- Australian Executor Trustees
- BT Panorama
- Centric
- Expand Extra
- Experts Choice
- FirstWrap
- GrowWrap
- Hub 24
- Macquarie Wrap (Accumulator)
- Macquarie Wrap (Inv Manager & Consolidator)
- Mason Stevens
- MLC Wrap
- MyNorth
- Netwealth
- North
- Oasis
- OneVue
- Platformplus Wrap
- PortfolioCare
- PortfolioOne
- PowerWrap
- Praemium (MIS)
- Rhythm
- uXchange
- Voyage
- WealthSolutions
- WealthTrac
- WealthView
- Xplore
Arrowstreet Global Equity Fund (Hedged)
Hedged, no performance fee
| Fund facts | |
| Investment objective | The Fund aims to achieve a long-term total return (before fees and expenses) that exceeds the MSCI All Country World ex Australia Index, in $A hedged with net dividends reinvested (Benchmark). The Fund invests indirectly in the Arrowstreet Global Equity Fund. |
| Benchmark | MSCI All Country World ex Australia Index, in $A hedged with net dividends reinvested |
| Inception date | 6 March 1997^ |
| Fund size | $A2,435.1m (current as at 31 July 2024) |
| Management fee | 1.28% pa of the net asset value of the Fund |
| Minimum investment | $A5,000 |
| Distribution frequency | Generally semi-annually |
| APIR code | MAQ0079AU |
| Target Market Determination | The Target Market Determination (TMD), available at macquarie.com/mam/TMD, includes a description of the class of consumers for whom the Fund is likely to be consistent with their objectives, financial situation and needs. View TMD |
| Macquarie Professional Series | This Fund is proudly brought to you by Macquarie Professional Series. Learn more |
Read the Product Disclosure Statement for more details on fees and costs that may be charged.
^ The Fund has gained exposure to Arrowstreet's investment process since 18 December 2006 by investing indirectly in the Arrowstreet Global Equity Fund. Prior to this, the Fund obtained exposure to global equities by investing in a fund managed by another investment manager.
The Fund is designed for consumers who:
- are seeking capital growth and income distribution
- are intending to use the Fund as a core component, minor allocation or satellite allocation within a portfolio
- have a minimum investment timeframe of seven years
- have a high or very high risk/return profile for that portion of their investment portfolio, and
- require the ability to have access to capital within one week of request.
Researcher ratings
Lonsec 1
'Highly Recommended'
Zenith 2
'Highly Recommended'
Morningstar 3
Morningstar Medalist RatingTM – 'Bronze' assigned 06.06.2024
Analyst-Driven 100%
Data Coverage 100%
These reports are available to licensed financial advisers on request. Please contact your local Business Development Manager.
Awards
2023 Money Management Fund Manager of the Year Awards
Winner: Global Equity Fund of the Year
2023 Zenith Fund Awards
Global Finalist: International Equities
2022 Zenith Fund Awards
Global Finalist: International Equities
2021 Zenith Fund Awards
Winner: Best Global Equity Fund
Performance
Past performance is not a reliable indicator of future performance. Total returns are calculated based on changes in net asset values and assumes the reinvestment of distributions.
The performance information shown above may differ to the information in the performance report due to rounding.
* The inception date for the ‘since strategy inception’ performance data is 18 December 2006 and not the inception date of the Fund. This is the date from which the Fund first gained exposure to Arrowstreet’s investment process by investing indirectly in the Arrowstreet Global Equity Fund (ARSN 122 036 006). Prior to this date from Fund inception to 18 December 2006, the Fund obtained exposure to global equities by investing in a fund managed by another investment manager.
** Total net Fund returns are quoted after the deduction of fees and expenses. Due to individual circumstances, your net returns may differ from the net returns quoted above.
*** MSCI All Country World ex Australia Index, in $A hedged with net dividends reinvested. Prior to 5 December 2008, the benchmark was the MSCI All Country World ex Australia Index, in $A unhedged with net dividends reinvested.
Available investment platforms
- Asgard
- Asgard Infinity (full)
- BT Panorama
- Centric
- Expand Extra
- FirstWrap
- GrowWrap
- Hub 24
- Macquarie Wrap (Accumulator)
- Macquarie Wrap (Inv Manager & Consolidator)
- Mason Stevens
- Mentor
- MLC Wrap
- MyNorth
- Netwealth
- North
- Oasis
- OnePath Frontier
- Onepath OneAnswer
- OneVue
- Platformplus Wrap
- PortfolioOne
- PowerWrap
- Praemium (MIS)
- Rhythm
- uXchange
- Voyage
- WealthSolutions
- Xplore
Arrowstreet Global Equity No. 1 Fund
Lower base fee, with performance fee
| Fund facts | |
| Investment objective | The Fund aims to achieve a long-term total return (before fees and expenses) that exceeds the MSCI All Country World ex Australia Index, in $A unhedged with net dividends reinvested (Benchmark). The Fund invests in the Arrowstreet Global Equity Fund. |
| Benchmark | MSCI All Country World ex Australia Index, in $A unhedged with net dividends reinvested |
| Inception date | 22 December 2017 |
| Fund size | $A32.5m (current as at 31 July 2024) |
| Management fee | 0.75% pa of the net asset value of the Fund |
| Performance fee | 15.375% of the cumulative outperformance of the Fund (after management fees and expenses but before the deduction of performance fees (paid or accrued)) above the return of the Benchmark, subject to a high watermark |
| Minimum investment | $A500,000 |
| Distribution frequency | Generally semi-annually |
| APIR code | MAQ5378AU |
| Target Market Determination | The Target Market Determination (TMD), available at macquarie.com/mam/TMD, includes a description of the class of consumers for whom the Fund is likely to be consistent with their objectives, financial situation and needs. View TMD |
| Macquarie Professional Series | This Fund is proudly brought to you by Macquarie Professional Series. Learn more |
Read the Product Disclosure Statement for more details on fees and costs that may be charged.
The Fund is designed for consumers who:
- are seeking capital growth and income distribution
- are intending to use the Fund as a core component, minor allocation or satellite allocation within a portfolio
- have a minimum investment timeframe of seven years
- have a high or very high risk/return profile for that portion of their investment portfolio, and
- require the ability to have access to capital within one week of request.
Research ratings
Lonsec 1
'Highly Recommended'
Zenith 2
'Highly Recommended'
Morningstar 3
Morningstar Medalist RatingTM – 'Neutral' assigned 06.06.2024
Analyst-Driven 100%
Data Coverage 100%
These reports are available to licensed financial advisers on request. Please contact your local Business Development Manager.
Awards
2023 Money Management Fund Manager of the Year Awards
Winner: Global Equity Fund of the Year
2023 Zenith Fund Awards
Global Finalist: International Equities
2022 Zenith Fund Awards
Global Finalist: International Equities
2021 Zenith Fund Awards
Winner: Best Global Equity Fund
Performance
Available investment platforms
- Asgard
- BT Panorama
- Hub 24
- Macquarie Wrap (Inv Manager & Consolidator)
- Netwealth
- North
- Xplore
Past performance is not a reliable indicator of future performance. Total returns are calculated based on changes in net asset values and assumes the reinvestment of distributions.
The performance information shown above may differ to the information in the performance report due to rounding.
* Inception date is 22 December 2017
** Total net Fund returns are quoted after the deduction of fees and expenses. Due to individual circumstances, your net returns may differ from the net returns quoted above.
*** MSCI All Country World ex Australia Index, in $A unhedged with net dividends reinvested.
Risks
All investments carry risk. Different investments carry different levels of risk, depending on the investment strategy and the underlying investments. Generally, the higher the potential return of an investment, the greater the risk (including the potential for loss and unit price variability over the short term). The risks of investing in this Fund include:
Investment risk: The Fund has exposure to share markets. The risk of an investment in the Fund is higher than an investment in a typical bank account or fixed income investment. Amounts distributed to unitholders may fluctuate, as may the Fund’s unit price, by material amounts over short periods.
Market risk: The investments that the Fund has exposure to are likely to have a broad correlation with share markets in general. Share markets can be volatile and have the potential to fall by large amounts over short periods of time. Poor performance or losses in domestic and/or global share markets are likely to negatively impact the overall performance of the Fund.
International, emerging and frontier market risk: The Fund has exposure to a range of international economies, including emerging and frontier economies. Global and country specific macroeconomic factors may impact the investments that the Fund has exposure to. Governments may intervene in markets, industries, and companies; may alter tax and legal regimes; and may act to prevent or limit the repatriation of foreign capital. Emerging and frontier markets may experience lower liquidity (including as a result of securities or bond markets being closed for extended periods), potential for political unrest leading to recession or war, greater potential for sanctions to be imposed on the country or its citizens, companies or institutions, increased likelihood of sovereign intervention (including default and currency intervention), currency volatility, and increased legal risk. These risks are heightened for frontier markets.
More information on the risks of investing in the Fund is contained in the Product Disclosure Statement, which should be considered before deciding to invest in the Fund.
1
Download the Product Disclosure Statement – Arrowstreet Global Equity Fund / Arrowstreet Global Equity Fund (Hedged) / Arrowstreet Global Equity No. 1 Fund, Information booklet, and check for PDS updates
3
Submit the application form and any required identification documents
Macquarie Asset Management
Client Service
mam.clientservice@macquarie.com
PO Box R1723
Royal Exchange,
NSW 1225, Australia
For enquiries call
Toll free: 1800 814 523
International: +61 2 8245 4900
Monday – Friday 8:30am to 5:30pm (Sydney time)
1 The rating issued for Arrowstreet Global Equity Fund [assigned 05/2024], Arrowstreet Global Equity Fund (Hedged) [assigned 05/2024] and Arrowstreet Global Equity No. 1 Fund [assigned 05/2024] is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2024 Lonsec. All rights reserved.
2 The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned MAQ0464AU, MAQ0079AU, and MAQ5378AU November 2023) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.
3 The Morningstar Medalist Rating™ for the Arrowstreet Global Equity Fund and the Arrowstreet Global Equity Fund (Hedged) is 'Bronze' as of [06/06/2024], and the Arrowstreet Global Equity Fund No. 1 is 'Neutral' as of [06/06/2024] © 2024 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. This report or data has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or New Zealand wholesale clients of Morningstar Research Ltd, subsidiaries of Morningstar, Inc. Any general advice has been provided without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Morningstar’s publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Morningstar’s full research reports are the source of any Morningstar Ratings and are available from Morningstar or your adviser. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a financial adviser.
The Zenith Fund Awards were issued on 13 October 2023 by Zenith Investment Partners (ABN 27 130 132 672, AFSL 226872) and are determined using proprietary methodologies. The Fund Awards are solely statements of opinion and do not represent recommendations to purchase, hold or sell any securities or make any other investment decisions. To the extent that the Fund Awards constitutes advice, it is General Advice for Wholesale clients only without taking into consideration the objectives, financial situation or needs of any specific person. Investors should seek their own independent financial advice before making any investment decision and should consider the appropriateness of any advice. Investors should obtain a copy of and consider any relevant PDS or offer document before making any investment decisions. Past performance is not an indication of future performance. Fund Awards are current for 12 months from the date awarded and are subject to change at any time. Fund Awards for previous years are referenced for historical purposes only.
This information has been prepared by Macquarie Investment Management Australia Limited (ABN 55 092 552 611 AFSL 238321), the issuer and responsible entity of the Fund(s) referred to above. This is general information only and does not take account of the investment objectives, financial situation or needs of any person. It should not be relied upon in determining whether to invest in a Fund. In deciding whether to acquire or continue to hold an investment in a Fund, an investor should consider the Fund's product disclosure statement. The product disclosure statement is available on our website at macquarie.com/mam/pds or by contacting us on 1800 814 523. This information is intended for recipients in Australia only.