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| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
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| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Bennelong Australian Equities Fund seeks quality investment opportunities which are under-appreciated and have the potential to deliver positive earnings. The investment process combines bottom-up fundamental analysis with proprietary investment tools that are used to build and maintain high quality portfolios that are risk aware. The investment team manages an extensive company/industry contact program which helps identify and verify various investment opportunities. The companies within the portfolio are primarily selected from, but not limited to, the S&P/ASX 300 Index. The Fund may invest in securities listed on other exchanges where such securities relate to the ASX-listed securities. The Fund typically holds between 25-60 stocks with a maximum net targeted position of an individual stock of 6%. |
| Manager Comments | The Bennelong Australian Equities Fund rose +2.33% in July, outperforming the ASX200 Accumulation Index by +1.83% and taking 12-month performance to +5.35% against the Index's -9.87%. Since inception in February 2009, the Fund has returned +13.07% p.a. against the Index's annualised return over the same period of 9.24%. The Fund's up-capture ratio for performance since inception of 13.07% highlights its capacity to significantly outperform in rising markets. As at the end of July, the Fund's weightings had been increased in the IT, Consumer Staples, REIT's and Financial sectors, and decreased in the Discretionary, Health Care, Materials, Communication and Industrials sectors. The Fund aims to invest in high quality companies with strong growth outlooks and underestimated earnings momentum. The portfolio's characteristics, as detailed in the latest report, indicate that the Fund is in line with its investment objective. |
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