NovaPort rating upgraded to ‘highly recommended’
Research and ratings house, Lonsec Research has upgraded its rating for the NovaPort Capital’s small cap and microcap funds to “highly recommended” thanks to its ability to deliver robust long-term returns.
Lonsec also recognised the co-portfolio management teams for both funds, run by Alex Milton and Sinclair Curries, as the “most impressive in the small cap sectors”.
The performance of both funds had been strong over the long-term, with the Wholesale Smaller Companies Fund delivering 12 per cent per annum (after fees) over the five-year period to February 2017 and the MicroCap Fund generating 11.4 per cent after fees over the same period.
“We are pleased to have both funds recognised for generating quality returns,” Milton said.
“Investors are seeking capital growth at relatively low risk in a market characterised by low rates and investor portfolios dominated by blue-chip large caps.
“And we find smaller companies with real long-term growth opportunities will continue to deliver some exciting performance for investors regardless of broad economic volatility.”
NovaPort said it aimed to target companies with potential for 50 per cent upside over three years in a concentrated portfolio, using a high-conviction, benchmark-unaware strategy.
Recommended for you
The latest budget papers have outlined a $10 million provision for ASIC greenwashing enforcement activity as well as funds for a sustainable labelling regime to be partially met by industry levies.
Betashares has expanded its fixed income solutions with the launch of a new ETF offering exposure to subordinated bonds issued by the big four Australian banks.
The latest monthly Bank of America global fund manager survey has found investors are starting to shift cash into bonds as cash allocations reach a three-year low.
AUSIEX analysis has discovered the net traded value of Australian dollar fixed income ETFs more than doubled from January to April, reflecting growing investor demand.
