| Report Date | 05 March 2019 |
| Manager | Bennelong Australian Equity Partners (BAEP), a Bennelong boutique |
| Fund Name | Bennelong Emerging Companies Fund |
| Strategy | Equity Long |
| Latest Return Date | January 2019 |
| Latest Return | 5.80% |
| Latest 6 Months | -15.27% |
| Latest 12 Months | -10.90% |
| Latest 24 Months | |
| Annualised Since Inception | 8.80% |
| Inception Date | 01 November 2017 |
| FUM (millions) | AU$10.71 |
| 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 rose +5.80% in January, outperforming the ASX200 Accumulation Index by +1.93% and taking annualised performance since inception in November 2017 to +8.80% versus the Index's +3.53%. As would be expected of a fund invested in micro and small-cap stocks, this return has been achieved with significantly higher volatility than the market, however, the Fund's up-capture and down-capture ratios indicate that, on average, the Fund has captured significantly more of the market's upside than its downside since inception.
As at the end of January, the Fund's top holdings included Nearmap, Cml, Audinate, Helloworld and Apollo Tourism and Leisure.
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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