Strategies and performance
We manage discretionary portfolios for professional investors, across Australian equities, global equities, multi-asset portfolios and specialised cross-asset mandates. This page sets out the current strategy range and, where available, since-inception return and volatility.
Strategies across equities, multi-asset and specialised mandates
The range below is a snapshot of the strategies we currently manage. Each can be used on its own or as the starting point for a client-specific mandate, depending on the objective, constraints and implementation requirements.
Australian and global equities
Multi-asset
Multi-asset, ETF-only
Specialised strategies
Growth / defensive splits are shown for the multi-asset portfolios. Target holdings are shown where they are a more useful description of the strategy.
Strategies across equities, multi-asset and specialised mandates
The range below is a snapshot of the strategies we currently manage. Each can be used on its own or as the starting point for a client-specific mandate, depending on the objective, constraints and implementation requirements.
Australian and global equities
Multi-asset
Multi-asset, ETF-only
Specialised strategies
Growth / defensive splits are shown for the multi-asset portfolios. Target holdings are shown where they are a more useful description of the strategy.
Return and volatility since inception
The table shows annualised total return and volatility from each strategy’s inception, where figures are available. Inception dates differ, so each strategy should be read against its own history and mandate.
| Strategy | Return p.a. | Volatility p.a. |
|---|---|---|
| MAS ConservativeSince Jul 2015 | 4.2% |
2.7%
|
| MAS Moderately ConservativeSince Jul 2015 | 5.1% |
4.0%
|
| MAS BalancedSince Jul 2015 | 5.9% |
5.6%
|
| MAS Moderate GrowthSince Jul 2015 | 6.7% |
7.2%
|
| MAS GrowthSince Jul 2015 | 8.0% |
9.4%
|
| ETF BalancedSince Mar 2018 | 6.6% |
7.0%
|
| ETF Moderate GrowthSince Mar 2018 | 8.2% |
9.5%
|
| Global Multi-Asset Macro StrategySince Mar 2017 | 8.3% |
7.0%
|
| Australian Core EquitySince Jul 2015 | 10.3% |
14.2%
|
| Australian Dividend OpportunitiesSince Mar 2017 | 9.1% |
12.6%
|
| Australian Small CompaniesSince Apr 2017 | 9.7% |
13.7%
|
| Global Core EquitySince Jan 2019 | 16.6% |
15.4%
|
About these figures
Source: Bloomberg PORT. Returns are annualised total returns since inception to 31 October 2025. Volatility is annualised standard deviation since inception. Inception dates differ, so the strategies are not directly comparable. Past performance is not a reliable indicator of future performance.
Equity strategies compared with market proxies
Where a market-proxy comparison is available, we show since-inception alpha alongside the volatility of the strategy and the relevant market proxy.
| Strategy | Alpha vs proxy | Volatility |
|---|---|---|
| Australian Core Equity | +1.4% p.a. |
Strategy
14.2%
Proxy
15.2%
|
| Australian Dividend Opportunities | +1.5% p.a. |
Strategy
12.6%
Proxy
15.2%
|
| Australian Small Companies | +1.2% p.a. |
Strategy
13.7%
Proxy
16.6%
|
| Global Core Equity | +1.2% p.a. |
Strategy
15.4%
Proxy
16.1%
|
Reading the record
Alpha is shown relative to the relevant market proxy. Market-proxy volatility uses the most relevant ASX-listed ETF as an illustrative comparison. The proxies are used to provide market context and should not be read as formal benchmarks unless specified otherwise.
Each figure runs from that strategy’s own inception to 31 October 2025. The longest records begin in July 2015 and include the 2018 correction, the March 2020 drawdown and the 2022 rate cycle. Later inceptions have shorter histories and do not capture all of those periods. Two strategies with similar returns may therefore have been tested by different markets.
Where strategies share an inception date, as the five conventional multi-asset portfolios do, their figures are measured over the same period, so differences between them are not being caused by different measurement windows. Their objectives and risk profiles still differ. Across the rest of the table, inception dates vary, so we would rather show the periods clearly than present a ranking.
A market proxy gives the reader something familiar to hold a strategy against. For each equity strategy shown with a proxy, since-inception volatility was below the proxy at the reporting date. That comparison describes each strategy’s own live period.
Past performance is not a reliable indicator of future performance.
Tell us which strategies you are looking at
If a strategy here looks relevant, we can talk through how it is built, what it holds and how it would work inside your mandate.
- Telephone
- +61 2 9696 8163
- Office
- Level 2, 44 Bridge Street
Sydney NSW 2000