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.
AUTHOR
Oksana Patron
Recommended for you
Two former senior Global X employees have launched their own ETF provider, ETF Shares, focused on offering index ETFs for advisers and retail investors.
With GCQ Funds Management and Lakehouse Capital making their recent ETF debuts, the two fund managers unpack why financial advisers are essential to their respective launches.
ETF provider Global X is set to launch its latest ETF, focused on artificial intelligence infrastructure.
Index provider MSCI has unveiled two measures to make it easier for financial advisers and wealth managers to access transparent insights into private assets.
