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Printed: 29 November 2024 4:44 AM

News

21 Oct 2020 - Performance Report: Bennelong Emerging Companies Fund

By: Australian Fund Monitors

Report Date21 October 2020
ManagerBennelong Australian Equity Partners (BAEP), a Bennelong boutique
Fund NameBennelong Emerging Companies Fund
StrategyEquity Long
Latest Return DateSeptember 2020
Latest Return-2.40%
Latest 6 Months66.37%
Latest 12 Months2.39%
Latest 24 Months (pa)19.62%
Annualised Since Inception25.75%
Inception Date01 November 2017
FUM (millions)AU$37.63
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 +12.26% over the September quarter against the ASX200 Accumulation Index's -0.44%. Since inception in November 2017, the Fund has returned +25.75% p.a. against the Index's +3.53%. The Fund's up-capture ratio of 355% since inception highlights 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.

True to the Fund's investment style, Bennelong continue to seek to invest in high quality companies that they believe have solid growth prospects over the foreseeable future. Despite the market's inevitable short-term volatility, Bennelong believe the portfolio's investments are all incrementally building value which they expect will ultimately underpin strong returns over the long-term. The portfolio remains reasonably diversified across sector and risk-return drivers.
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