| Report Date | 05 December 2018 |
| Manager | Bennelong Australian Equity Partners (BAEP), a Bennelong boutique |
| Fund Name | Bennelong Emerging Companies Fund |
| Strategy | Equity Long |
| Latest Return Date | October 2018 |
| Latest Return | -12.03% |
| Latest 6 Months | 0.65% |
| Latest 12 Months | 19.93% |
| Latest 24 Months | |
| Annualised Since Inception | 19.93% |
| Inception Date | 01 November 2017 |
| FUM (millions) | AU$13.54 |
| Fund Overview | The 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 Comments | The Bennelong Emerging Companies Fund has returned +19.93% over the past 12 months versus the ASX200 Accumulation Index's +2.94%. The Fund's Sharpe and Sortino ratios, 0.84 and 1.23 respectively, by contrast with the Index's Sharpe of 0.20 and Sortino of 0.19, highlight the Fund's capacity to achieve superior risk-adjusted returns in both rising and falling markets. In addition, the Fund's up-capture ratio of 241.1% indicates that, on average, the Fund has captured more than double the market's performance in the months the market has risen.
The Fund's top holdings as at the end of October were Baby Bunting, Clover, Helloworld, Cml and Pinnacle Investment Management.
The Fund invests predominantly in micro and small-cap stocks listed on the ASX. It is managed via a research-intensive and predominantly bottom-up investment approach. The Fund focuses on high quality stocks and seeks to avoid the higher risk that usually comes with micro and small-cap stocks. |
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