PineBridge launches flagship global equity fund in Australia

PineBridge Investments has made its flagship Global Focus Equity Fund available to Australian wholesale investors for the first time. 

The fund manager, which is focused on active, high conviction investing, has now launched the PineBridge (AU) Global Focus Fund in Australia. The fund was first launched in 1999 and is US$1.2 billion ($1.7 billion) in size.

The fund seeks to provide investors with capital appreciation by using proprietary alpha tools for identifying mispricing opportunities in high-quality companies to construct a portfolio with more consistent and diversified returns.

Companies are analysed based on their “lifecycle” stage, rather than their sector or industry, in order to provide a more accurate reading of a company’s potential relative to the market’s perception of it. This results in a differentiated 30- to 50-stock portfolio which currently includes companies such as JP Morgan Chase, Microsoft, Motorola and Walmart in its top 10.

The fund is managed by a highly experienced equity team, led by Rob Hinchliffe, portfolio manager and head of global sector cluster research.

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He said: “In a market characterised by return dispersion and elevated valuations, selectivity and risk management is more important than ever. The Global Focus Equity team have consistently applied a non-consensus, high conviction active investment approach, which has resulted in low correlation to peers and a differentiated source of returns.”

Clinton Grobler, head of Australia, said: “The launch of the PineBridge Global Focus Equity Fund marks a step change in PineBridge’s expanding Australian business. I believe Global Focus Equity will strongly complement PineBridge’s existing product range in Australia, appealing to investors’ core global equity appetite via a differentiated lifecycle, high conviction approach, combined with disciplined benchmark aware risk management.”