Strategy Overview

Key Facts

Australian Equities (Growth) – maximising shareholder value

  • Long-standing and distinctive investment philosophy focussed on growing companies that can reinvest above their cost of capital
  • Large and experienced team with an established broad market capability – incorporating specialist smaller company expertise
  • In-depth industry, stock and valuation analysis is the foundation of identifying investment opportunities

Why invest?

active exposure

Obtain an active exposure to Australian shares with a team that expertly targets mispriced opportunities for growth
The Australian Equities, Growth team provides a suite of products, including broad based, small cap, imputation, concentrated and geared funds. While our products are designed to meet a range of investment needs, they all share the same investment philosophy – that is we believe growing companies, which generate consistent returns and can reinvest above their cost of capital, provide the greatest shareholder value. Changes to company returns on invested capital often has high explanatory power for stock performance. We use an active, bottom-up and disciplined approach to identify mispriced investment opportunities. The investment process is designed to deliver outperformance through the full investment cycle.

research and experience

Our ability to target mispriced stocks is fuelled by one of the largest, most experienced teams specialising in Australian equities
We believe in-depth research and experience is our advantage, as it allows us to target the investment ‘sweet spots’ over a company’s life cycle. We are one of the largest, most experienced equities teams in the domestic share market. Our company visitation program ensures we can build long-term relationships and are actively engaged with senior management and boards. We also use our extensive network of contacts, including unlisted competitors, suppliers and industry experts, to gain insight into share price drivers. The broader market does not necessarily undertake the same in-depth industry analysis, giving us a potential advantage in identifying attractive investment opportunities.

risk management

Combining individual stock analysis with scrutiny of macro and thematic factors helps minimise overall portfolio risk
Effective risk management is at the core of what we do. We employ a fundamental, bottom-up analytical framework to identify the key industry and company opportunities and risks. The portfolio manager considers each analyst’s equally distributed buy/hold/sell stock recommendations, alongside other risk factors when constructing a portfolio. Portfolio diversification and risk constraints then act to constrain unsystematic or company-specific risk within the portfolio to targeted levels. A series of quantitative tools are also used to complement the fundamentally derived risk analysis, to ensure that the portfolio is not subject to any broader macro/style risks that might be overlooked when assessing risks at the individual stock/industry level.

Responsible Investment

Responsible Investment

Our corporate RI strategy is based upon three strategic pillars of quality, stewardship and engagement.
We consider ESG risks to be factors that may place business value at risk. Companies at risk are identified using both external providers and our own internally driven research, which is based on a systematic and extensive company meeting program. Company meetings provide us with the opportunity to engage on ESG issues and gain greater insight into potential risks and opportunities. It also provides us with the opportunity to positively influence companies towards ESG best practice where appropriate. Learn more about the Australian Equity Growth team's approach to Responsible Investment.

 

Fund Documents

All returns are calculated on an annualised basis using exit price to exit price with distributions reinvested, net of management costs, transaction costs. All return calculations exclude any individual taxes payable by the investor and all other fees and rebates disclosed in the relevant product disclosure statements. The 'distribution' component is the amount paid by the way of distribution, which may include net realised capital gains.

Additional Information

Investment Team

As one of the largest and most experienced investment teams in the Australian equities market, we offer superior stock picking ability and commercial acumen built from many years of market participation. We have a strong team culture that encourages and rewards independent thought coupled with a shared conviction in the investment process.

Dushko Bajic
Head of Australian Equities, Growth
Dushko Bajic
Head of Australian Equities, Growth
David Wilson
Deputy Head of Australian Equities, Growth
David Wilson
Deputy Head of Australian Equities, Growth
Christian Guerra
Head of Research
Christian Guerra
Head of Research

CONTACT US

Speak to your Key Account Manager

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