| Report Date | 30 July 2019 |
| Manager | Bennelong Australian Equity Partners (BAEP), a Bennelong boutique |
| Fund Name | Bennelong Emerging Companies Fund |
| Strategy | Equity Long |
| Latest Return Date | June 2019 |
| Latest Return | 3.44% |
| Latest 6 Months | 41.04% |
| Latest 12 Months | 15.08% |
| Latest 24 Months (pa) | |
| Annualised Since Inception | 26.58% |
| Inception Date | 01 November 2017 |
| FUM (millions) | AU$14.81 |
| 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 +3.44% in June, taking performance over the financial year to +15.08% and annualised performance since inception in November 2017 to +26.58%. By contrast, the ASX200 Accumulation Index has returned +11.55% over the past 12 months and +11.77% p.a. since the fund's inception. These returns have been achieved with significantly higher volatility than the market, however, this is expected of a fund investing in micro and small caps. 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.
The Fund returned +16.00% over the June quarter. Assisting performance were strong returns from large positions such as Jump Interactive, Zip Co, EML Payments and Nearmap. Bennelong noted they have since trimmed some of their tech holdings, including some of these names, and have diversified more into other sectors where they are finding opportunities. |
| More Information |
|
