Lonsec rates Bennelong's Avoca fund

lonsec/

31 May 2012
| By Staff |
image
image
expand image

The Bennelong small caps team has scored a win, with its Bennelong Avoca Emerging Leaders Fund having been awarded a 'Recommended' rating by ratings house Lonsec.

The Bennelong small caps team is headed by John Campbell and Jeremy Bendeich, and Lonsec's analysis of the fund noted their robust research and repeatable investment process.

It said that while the firm was only founded last year, Avoca's investment process was very similar to that used during the investment team's previous tenure at UBS and could therefore be considered to have been tested through a full market cycle.

 Avoca managing director John Campbell said he was thrilled with Lonsec's rating, in particular its acknowledgement of Avoca's robust research and portfolio construction process.

 "Jeremy and I believe there is only one way to invest in shares and that's to do a deep qualitative review of the company in question and its industry, model the long-term maintainable cash flows, and value those cash flows on a DCF basis," he said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS