Lonsec rates Bennelong's Avoca fund
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.
Recommended for you
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
Michael McCorry, chief investment officer at BlackRock Australia, has detailed how investors are reconsidering their 60/40 portfolios as macro uncertainty highlight the benefits of liquid alternatives.
Having reset its market focus to high-net-worth advisers, Praemium’s administration solution has been selected by Bell Potter in a deal that increases the platform's funds under administration by $6 billion.
High transition rates from financial advisers have helped Netwealth’s funds under administration rise by $3.7 billion in the fourth quarter of FY25.
