News

Bennelong Avoca 'recommended' by Zenith

29 February 2012

Zenith Investment Partners (Zenith) has awarded the Bennelong Avoca Emerging Leaders Fund a ‘recommended' rating.

The Fund is managed by Bennelong's small caps team, Avoca Investment Management, which is headed-up by experienced investment professionals, John Campbell and Jeremy Bendeich.

Strong research, portfolio management and investment process

Zenith's review highlighted the investment team's research and portfolio management experience as key competitive strengths of the Fund.

"Avoca's process is thorough and robust, and their fundamental bottom-up stock research effort provides a key competitive advantage," said Bronwen Moncrieff, Senior Investment Analyst with Zenith. "The team's highly regarded intrinsic value approach is also a unique strength of the Fund."

The team's stock selection process, which involves in-depth industry and company analysis, was also noted as highly regarded by Zenith in the report.

Experienced team and supportive boutique environment

The report highlighted that "Zenith rates the individuals within the team highly, and considers the team to be amongst the more experienced in the Australian small caps sector, with all members contributing a considerable level of knowledge of small companies stocks and the industries they operate in."

In addition, Zenith noted the supportive arrangement offered through Avoca's partnership with Bennelong Funds Management. "The partnership is extremely robust and allows the investment team to focus purely on investment duties and establishing a high quality funds management business," said Bronwen. "By way of example, Zenith believes BFM's previous joint ventures with start up boutiques set a positive precedent."

Portfolio Manager of the Fund and Managing Director of Avoca Investment Management, John Campbell, said he was very pleased with the Zenith rating and their acknowledgement of Avoca's robust research and investment process. "The rating is testament to an investment process and methodology that we've been employing successfully for some time. We're looking forward to continuing to grow our fund and harnessing Bennelong's distribution capabilities to extend its reach," John said.