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Printed: 29 November 2024 9:32 AM

News

18 Aug 2020 - Performance Report: Bennelong Emerging Companies Fund

By: Australian Fund Monitors

Report Date18 August 2020
ManagerBennelong Australian Equity Partners (BAEP), a Bennelong boutique
Fund NameBennelong Emerging Companies Fund
StrategyEquity Long
Latest Return DateJuly 2020
Latest Return1.01%
Latest 6 Months-11.89%
Latest 12 Months8.16%
Latest 24 Months (pa)15.70%
Annualised Since Inception22.71%
Inception Date01 November 2017
FUM (millions)AU$28.37
Fund OverviewThe Fund invests in ASX-listed securities of small and micro capitalised companies that are covered by the investment research capabilities of Bennelong Australian Equity Partners ('BAEP').

The Fund may invest in securities expected to be listed on the ASX within 12 months. The Fund may also invest in securities listed, or expected to be listed, on other exchanged where such securities relate to ASX-listed securities
Manager CommentsThe Bennelong Emerging Companies Fund rose +1.01% in July, outperforming the ASX200 Accumulation Index by +0.51% and taking 12-month performance to +8.16% against the Index's -9.87%. Since inception in November 2017, the Fund has risen +22.71% p.a. against the Index's annualised return over the same period of 4.10%. The Fund's up-capture ratio for performance since inception of 316.65% highlights its capacity to significantly outperform during rising markets. As is expected of a fund investing in micro and small-cap companies, these returns have been achieved with significantly higher volatility than the market.

Bennelong noted they continue to seek to invest in high quality companies that they believe have solid growth prospects over the foreseeable future. Despite the inevitable up's and down's of the market in the short-term, Bennelong believe the portfolio's investments are all incrementally building value which they expect should ultimately underpin decent returns over the long-term.

The portfolio remains diversified across sector and risk-return drivers. Bennelong believe it is currently well positioned for attractive returns over the long-term, regardless of the market's short-term activity.
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