Hansa Investment Company Ltd · LSE:HAN
Hansa Investment — Hansa Trust — Shareholder Meeting (July 2015)
13 slides from Hansa Investment's shareholder meeting presentation, July 2015
Slide 1: Hansa Trust AGM July 2015
HANSA TRUST AGM July 2015 Alec Letchfield, Hansa Capital Partners
Slide 2: Strategic Review – The Four Silo Approach
HANSA TRUST Hansa Trust Strategic Review – ‘The Four Silo Approach’ Now Description % Hansa Trust Core Regional Regional exposure based on the output of the Hansa 31% January 2014 Silo House View. Description % UK Special situation UK equities 65% UK Equities UK equity exposure through directl
Slide 3: Performance Review
Performance Review 3
Slide 4: Performance to end June 2015
HANSA TRUST Performance to end June 2015 31 Mar 14 – Calendar YTD 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) 30 Jun 15 Performance (NAV) -0.6% 1.2% 6.8% 8.1% 8.2% Performance ex. OWHL 3.9% 5.9% 12.1% 11.4% 6.6% Benchmark 4.1% 1.6% 3.3% 3.6% 4.3% Ordinary Share -0.4% -6.3% 5.6% 5.2% 5.3% A’ Ordina
Slide 5: Performance of the different silos, 15 months to end June 2015
HANSA TRUST Performance of the different silos 15 months to end June 2015 20.0% 15.0% 15 months to end June 2015 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% UK Equities Core Regional Eclectic & Ocean Wilsons Cash Benchmark Funds Diversifying Assets Holdings Limited (ex OWIL) Cash performance is negative bec
Slide 6: Performance Contribution 15 months to end June 2015
£10,000,000 £15,000,000 £20,000,000 £25,000,000 £5,000,000 £- 2,029,035 1,532,737 1,396,531 1,295,906 1,070,420 608,442 HANSA TRUST 474,414 405,347 Core Regional Funds 188,503 184,897 59,488 63,254 341,837 862,549 Eclectic - Sector 1,357,747 1,543,650 2,552,572 Alternatives Diversifying - Fixed Inco
Slide 7: NAV Performance (gross of fees)
HANSA TRUST Performance has improved as a result of the portfolio changes made in 2014 31 March 2014 to 30 June 2015 performance including 31 March 2014 to 30 June 2015 performance excluding Ocean Wilson Holdings Ocean Wilson Holdings NAV Performance (gross of fees) 1.5% 9.0% NAV Performance (gross
Slide 8: Current Portfolio Positioning
Current Portfolio Positioning 8
Slide 9: Current Portfolio Positioning (as at June 2015)
HANSA TRUST Current Portfolio Positioning (as at 30 June 2015) Core Regional Funds UK Equities Eclectic / Diversified Strategic 35.0% 30.8% 30.0% 24.6% 25.0% 23.9% 18.1% 18.1% 20.0% 14.9% 15.0% 12.7% 11.7% 10.0% 8.0% 5.8% 6.2% 4.3% 4.1% 5.0% 3.5% 3.0% 1.8% 1.5% 1.6% 2.5% 0.2% 0.0% Source: Hansa Trus
Slide 10: Example Managers
HANSA TRUST Example Managers Long-only Pan European Equities Long-only Japanese Equities Global Long / Short Event-Driven (primarily equities) Long-only Technology Equities Newly launched Fund – no track record available. 10
Slide 11: Market outlook – Dynamic Asset Allocation
HANSA TRUST Market outlook……Dynamic Asset Allocation The Typical stock market cycle: At peaks and troughs, valuations are generally Outside of market extremes, the business the most important driver for future returns. cycle becomes the primary driver - macro These periods often entail making
Slide 12: Valuations have risen…….not yet excessive
HANSA TRUST Valuations have risen…….not yet excessive Chart 1: US 12M forward PE Chart 2: Europe 12M forward PE Chart 3: Asia 12M forward PE 30 25 20 25 EXPENSIVE 20 15 20 15 15 10 10 10 CHEAP 5 5 5 88 91 94 97 01 04 07 10 14 88 91 94 97 01 04 07 10 14 00 02 04 06 08 10 12 14 Europe ex UK fwd PE +1
Slide 13: Important Notice
IMPORTANT NOTICE This presentation pack is issued by Hansa Capital Partners LLP, which is authorised and regulated by the Financial Conduct Authority. Hansa Capital Partners LLP is the Manager and Company Secretary to Hansa Trust PLC. Investment Trusts are UK Public Listed companies and are not auth