12 March 2015
The Bennelong Avoca Emerging Leaders Fund (the Fund) has maintained its ‘Recommended’ rating as awarded by research house, Zenith Investment Partners (Zenith). In their most recent report, Zenith highlight the experience of the Fund’s portfolio managers and their structured investment approach as key strengths.
In regard to the Fund’s Portfolio Managers, John Campbell and Jeremy Bendeich, Zenith states “…the Avoca investment team are experienced and contribute a considerable level of knowledge of small companies stocks and the industries in which they operate”. Additionally, Zenith believes “…the strong industry relationships and company management contacts developed by Avoca's investment team provides the team with a further level of insight into both industry and company specific issues”.
Prior to founding Avoca and entering a joint venture with Bennelong Funds Management (Bennelong) in 2011, Campbell and Bendeich were partly responsible for the management of the UBS Small Companies Fund, in which Zenith notes their previous Fund consistently outperformed both the benchmark and median manager.
Overall, Zenith acknowledges the Fund’s deliverance of positive risk-adjusted returns and is highly confident in the Fund meeting its intended objectives.
Disclaimer: The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned March 2015) 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 http://www.zenithpartners. com.au/RegulatoryGuidelines