Australian Equity Funds
We offer a range of Australian equity funds managed by our well established, stable and highly motivated Australian equities investment team, with both ‘core’ and ‘satellite’ investment options available.
* The retail version of this fund is no longer available for new investment.
Australian equities team
Our Australian equities team is comprised of nine investors, complemented by the broader investment team. Our Australian equity funds are managed using a team-based investment model leveraging the team’s complementary range of skills and experiences. Find out more about the members of the team.
Investment philosophy and style
The team invest based on the rationale that share prices do not always accurately reflect the underlying fundamental valuation of companies, leading to companies being mispriced by the market. Our Australian equities team believes the key to exploiting these inefficiencies is by applying a fundamental research approach and a consistent valuation framework. The team strives to form a ‘differentiated’ view with their investments, based upon industry specific knowledge and insight.
Our investment style is a fundamental, style-neutral approach with performance driven by stock specific insights, capable of performing through market cycles.
Investment approach and process
Guided by this philosophy, the investment process aims to generate a diversified and balanced portfolio, with the potential for outperformance over the long term. Our conviction driven investment process involves the following stages:
1. Idea generation
We utilise multiple sources of information to generate ideas and identify and exploit inefficient markets. Our insights are developed by using company analysis, value chain analysis and industry analysis as key inputs into the first stage of our investment process. Ideas can also arise out of the team’s interaction with the broader investment platform.
2. Stock analysis
Our fundamental analysis centres on exploiting market inefficiencies and mispricing. Our focus on bottom-up research allows for more differentiated ideas that facilitate high conviction positions with low turnover. Our stock analysis is in-depth and ongoing. It involves seeking and validating information from a variety of sources including management meetings and discussions with industry contacts. The peer review stage is central to the team’s valuation and execution process. This stage allows for the rigorous assessment of each stock prior to its inclusion in the portfolio to ensure we maintain stock discipline.
3. Portfolio construction
The portfolio construction part of the process brings together the team’s best ideas in a risk-controlled manner. The process generates high conviction and balanced portfolios through the cycle.