| Report Date | 04 December 2019 |
| Manager | Bennelong Australian Equity Partners (BAEP), a Bennelong boutique |
| Fund Name | Bennelong Emerging Companies Fund |
| Strategy | Equity Long |
| Latest Return Date | October 2019 |
| Latest Return | 2.61% |
| Latest 6 Months | 36.31% |
| Latest 12 Months | 65.51% |
| Latest 24 Months (pa) | 40.89% |
| Annualised Since Inception | 40.89% |
| Inception Date | 01 November 2017 |
| FUM (millions) | AU$22.16 |
| 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 +2.61% in October, outperforming the ASX200 Accumulation Index by +2.96% and taking 12-month performance to +65.51% versus the Index's +19.29%. Since inception in November 2017, the Fund has returned +40.89% p.a. against the Index's annualised return of +10.81%. The Fund's Sharpe and Sortino ratios, 1.52 and 2.69 respectively, by contrast with the Index's Sharpe of 1.02 and Sortino of 1.54, highlights the Fund's capacity to achieve superior risk-adjusted returns whilst avoiding the market's downside volatility over the long-term.
Bennelong noted that, whilst performance has been reasonably strong, they continue to find very attractive opportunities among emerging companies that they believe should position the Fund for decent future returns over time. The Fund's top holdings as at the end of October included Viva Leisure, BWX and Mader. |
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