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Printed: 21 September 2026 4:19 PM

6 Nov 2019 - Performance Report: Bennelong Emerging Companies Fund

By: Australian Fund Monitors
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Report Date06 November 2019
ManagerBennelong Australian Equity Partners (BAEP), a Bennelong boutique
Fund NameBennelong Emerging Companies Fund
StrategyEquity Long
Latest Return DateSeptember 2019
Latest Return9.92%
Latest 6 Months51.49%
Latest 12 Months41.89%
Latest 24 Months (pa)
Annualised Since Inception41.09%
Inception Date01 November 2017
FUM (millions)AU$21.37
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 +9.92% in September, outperforming the ASX200 Accumulation Index by +8.08% and taking annualised performance since inception in November 2017 to +41.09% vs the Index's +11.51%. The Fund's Sharpe and Sortino ratios, 1.50 and 2.65 respectively, by contrast with the Index's Sharpe of 1.07 and Sortino of 1.61, highlight the Fund's capacity to achieve superior risk-adjusted performance whilst avoiding the market's downside volatility over the long-term.

Over the September quarter the Fund returned +30.60%. Top contributors included Viva Leisure, BWX, Sezzle, EML Payments and Prospa. Bennelong believe the current IPO markets is rich in opportunities and as such they have committed to adding a number of new ones to the portfolio in coming months. They noted the August reporting season was positive for the Fund, with holdings generally reporting strong financial results in line with Bennelong's expectations.
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