K2 Asset Management Reported AUD 313.8 Million FUM For January 2019


The Australia-based K2 Asset Management Holdings Ltd (ASX: KAM) is an equity fund manager providing well-implemented strategies for wholesale, retail as well as institutional investors. The company has six investment funds dealing with Asian, Australian and International equity markets.

On 1st February 2019, the company released its Monthly Funds under management (FUM) and Fund performance for the month of January, primarily highlighting the unaudited net asset value, monthly performance, net applications and redemptions, financial year to date performance, and total funds under management for all the funds managed by the company. 

As per the figures released, the K2 Australian Absolute Return Fund and the K2 Australian Small Cap Fund (KSM) had a Net Asset Value (NAV) of AUD 160.70 and AUD 2.16 respectively with a net capital outflow of AUD 1.4 million and an inflow of AUD 0.1 million respectively. Besides, the monthly return for the K2 Australian Absolute Return Fund and the KSM was posted at 0.06% and -0.36% respectively.

Meanwhile, the K2 Asian Absolute Return Fund recorded a positive return of 1.84% with total AUD 19 million FUM in January despite a financial year to date performance of -5.77% and a net outflow of AUD 0.2 million.

Talking of the International equity market linkage, the K2 Select International Absolute Return Fund recorded an overall downward trend. The NAV was posted at AUD 139.24 with a negative 2.55% monthly return. In addition, the year-to-date financial performance also remained at a low of -4.81% with net capital outflows of AUD 0.6 million. The K2 Global High Alpha Fund and the K2 Global Equities Fund (KII) posted a monthly return of -3.30% and -3.35% respectively. The financial year-date performance also remained negative for the two with net capital outflows of AUD 0.1 million and AUD 0.2 million, respectively.

Cumulatively, for January, the total market value of all the financial assets under K2 was AUD 318.3 million (FUM) and net capital outflows of AUD 2.6 million, down from AUD 8.6 million recorded for December 2018.

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The company has a market capitalization of AUD 22.9 million and listed as a small-cap on the Australian Stock Exchange since 2007. Over the past six months, the share price of K2 Asset Management (KAM) had hit a record high of AUD 0.150 on 16 August 2018 and experienced a downtrend thereafter with minor fluctuations indicating a bearish market developing, hitting a record low of AUD0.080, down by 46.67% in December end.

With the close of trading session on February 4, 2019, KAM shares were trading at AUD0.090, down by 5.263%, indicating an intra-day fall of AUD 0.005 with approximately 51,012 shares traded on the exchange. The stock has a 52-week low of AUD 0.080 and a 52-week high of AUD 0.290.

K2’s approach is based explicitly on adapting to highly volatile equity markets, high conviction stock selection, a well-examined investment process as well as the preservation of capital across all the funds. According to the company, the equity markets were generally weaker across the globe in 2018, which resulted in a cautious portfolio positioning at the beginning of 2019.


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