News

Three BAEP funds 'Highly recommended' by Zenith

16 July 2014

Research house Zenith Investment Partners (Zenith) has awarded a ‘Highly recommended’ rating to the Bennelong Australian Equities Fund – the fund’s first Zenith rating, as part of its 2014 Australian Large Companies Sector Review. Zenith also renewed the ‘Highly recommended’ rating of the Bennelong ex-20 Australian Equities Fund and Bennelong Concentrated Australian Equities Fund.

All three funds are managed by Bennelong Australian Equity Partners (BAEP), which was founded in 2008 by Paul Cuddy and Mark East, in partnership with Bennelong Funds Management. Zenith believes the joint venture arrangement is extremely robust with the back-office support allowing the BAEP team to focus purely on investment duties.

Highly impressive tools and experienced team

As part of its review, Zenith noted: “The BAEP portfolio construction process is sound, utilising both East’s considerable portfolio management experience and industry-leading quantitative tools. Zenith regards both Cuddy and East as highly competent investors and is encouraged by their collaborative approach.”

Zenith noted the funds offer a unique opportunity to diversify a portfolio, with each report stating the funds “exhibit less correlation to other large cap managers throughout different stages in the investment cycle.” All three funds have enjoyed strong outperformance.

Chief Executive Officer Paul Cuddy said: “BAEP’s investment style considers quality, growth and value. Our portfolios hold high quality companies that can deliver positive earnings surprise, at reasonable valuations, and it is pleasing to see Zenith’s commendation of the research and investment process we have in place.”

Disclaimer: The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (BFL0001AU assigned July 2014), (BFL0002AU assigned July 2014), (BFL0004AU June 2014) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at www.zenithpartners.com.au/RegulatoryGuidelines.