Lennox fund added to BT platforms
The Lennox Australian Microcap fund has been added to the BT Panorama and BT Wrap investment platforms.
The Lennox Capital Partners managed fund provided investors with exposure to a portfolio of between 20 and 40 actively-managed, “style-agnostic” microcap equities.
According to FE Analytics, the fund had returned 51.74% over the previous 12 months to 28 February, 2021.
It was one of the best-performers in the Australian small/mid cap sector over the previous 12 months.
Since inception on 31 January, 2018, to 28 February, 2021, it had returned 66.18%, compared to a 34.99% average return in the Australian small/mid cap sector and 23.28% for the S&P ASX small ordinaries index.
James Dougherty, Lennox Capital Partners principal and portfolio manager, said the addition to the platforms had capped a very strong year for the fund, despite difficult conditions.
“We are pleased to bring the Lennox Australian Microcap Fund to the thousands of Australian investors and financial advisers who use the BT Panorama and BT Wrap platforms,” Dougherty said.
“The fundamental analysis and in-depth research underpinning our microcap strategy has provided investors with outstanding returns, and we’re excited to be able to bring those benefits to a greater number of Australians.”
The Fund was rated “highly recommended” by Lonsec and “recommended” by Zenith.
Performance of Lennox Australian Microcap fund v sector and benchmark since inception to 28 February 2021
AUTHOR
Chris Dastoor
Recommended for you
Natixis Investment Managers has hired a distribution director to specifically focus on the firm’s work with research firms and consultants.
The use of total portfolio approaches by asset allocators is putting pressure on fund managers with outperformance being “no longer sufficient” when it comes to fund development.
With evergreen funds being used by financial advisers for their liquidity benefits, Harbourvest is forecasting they are set to grow by around 20 per cent a year to surpass US$1 trillion by 2029.
Total monthly ETF inflows declined by 28 per cent from highs in November with Vanguard’s $21bn Australian Shares ETF faring worst in outflows.
