16 March 2016
The Bennelong ex-20 Australian Equities Fund (the Fund) has been reinstated with a ‘highly recommended’ rating from Zenith Investment Partners (Zenith). The Fund has been rated ‘highly recommended’ consistently since 2011 and is managed by Bennelong Australian Equity Partners (BAEP). BAEP is a boutique fund manager which was established in 2008 as a joint venture between Bennelong Funds Management (Bennelong) and BAEP’s principals.
The Fund provides investors with an Australian shares portfolio that invests in companies which lie outside of the top 20 ASX listed stocks. The objective of the Fund is to outperform the S&P/ASX 300 (ex-20) Accumulation Index by 3% p.a. (net of fees) over rolling three year periods. Zenith believes BAEP have a logical and theoretically proven method of generating outperformance which should enable the investment team to achieve its investment objective.
Zenith believes the Fund is an appealing offering owing to its highly capable portfolio manager and demonstrated track record of outperformance. Zenith regards Mark East as an impressive investor who leads a team of six other investment professionals, including a Director of Quantitative Research, three fundamental analysts, a macroeconomic strategist and an Investment Director.
Disclaimer: The Zenith Investment Partners (‘Zenith’) Australian Financial Services License No. 226872 rating (BFL0004AU assigned February 2016) 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.