Hyperion outperforms index by almost 20 per cent
During a year of significant losses, Hyperion Asset Management (Hyperion) has announced that its Australian Equities Growth Companies Fund outperformed the S&P/ASX 300 by almost 20 per cent for the year ended June 2009.
The fund returned -0.51 per cent, outperforming the index by 19.82 percent, without the use of derivatives or hedge products, according to a Hyperion statement.
Meanwhile, all three of Hyperion’s Australian equities products recorded results well above their benchmarks, Hyperion’s managing director and investment committee chair Dr Manny Pohl said.
The stocks that were strong contributors to Hyperion’s performance included JB Hi-Fi, Wotif.com and Cochlear.
Hyperion’s philosophy is to invest in quality companies, with consideration given to a company’s balance sheet strength, strength of business model and franchise and the company’s growth, Pohl said.
“For us, quality is an absolute measure, and while from time to time market sentiment may drive some investors into fashionable sectors or stocks regardless of the fundamentals, we have stayed true to our belief that quality companies will outperform over time,” Pohl said.
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
