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News

17 Sep 2020 - Performance Report: Bennelong Emerging Companies Fund

By: Australian Fund Monitors

Report Date17 September 2020
ManagerBennelong Australian Equity Partners (BAEP), a Bennelong boutique
Fund NameBennelong Emerging Companies Fund
StrategyEquity Long
Latest Return DateAugust 2020
Latest Return13.87%
Latest 6 Months13.11%
Latest 12 Months15.31%
Latest 24 Months (pa)21.61%
Annualised Since Inception27.70%
Inception Date01 November 2017
FUM (millions)AU$37.66
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 +13.87% in August, outperforming the ASX200 Accumulation Index by +11.04% and taking 12-month performance to +15.31% vs the Index's -5.08%. Since inception in November 2017, the Fund has returned +27.69% p.a. against the Index's annualised return over the same period of +5.01%. The Fund has achieved an up-capture ratio since inception of 355%, highlighting its capacity to significantly outperform in rising markets. These returns have been achieved with higher volatility than the market as would be expected of a fund investing in micro and small cap companies.

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