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| FUM (millions) | |
| Fund Overview | The overriding objective of the Concentrated Australian Equities Fund is to seek investment opportunities which are under-appreciated and have the potential to deliver positive earnings, while satisfying our stringent quality criteria. Bennelong's investment process combines bottom-up fundamental analysis together with proprietary investment tools which are used to build and maintain high quality portfolios that are risk aware. The portfolio typically consists of 20-35 high-conviction stocks from the S&P/ASX 300 Index. The Fund may invest in securities listed on other exchanges where such securities relate to ASX-listed securities. Derivative instruments are mainly used to replicate underlying positions and hedge market and company specific risks. |
| Manager Comments | The funds portfolio weightings remain significantly overweight to the Discretionary (26.9% active) and Health Care (10.9% active) sectors. The Health Care active position has reduced slightly from the previous month. The fund continues to hold zero exposure to the Communications, Energy and Utilities Sectors with significant underweight exposure to Financials (-19.8%). |
| More Information |
