The Harbour Equity Focus Fund has been issued a “5 IP” rating, with a score of 4.25/5.
The Fund is an actively managed fund investing in New Zealand and Australian listed equities. It is a high conviction fund where the portfolio will consist of companies Harbour analysts have researched and have a high belief will perform over the medium to longer term. A higher rated company will have a higher weighting in the portfolio.
What is the Fund’s competitive advantage?
Qualitative Research Report and Data Tear Sheet
The full research report and data tear sheet can be accessed by subscribing for FREE to the Research IP Tools page.
https://platform.research-ip.com/funds/68263161
Research IP says
The Harbour Australasian Equity Focus Fund is a relatively concentrated portfolio comprising 15-25 companies and is unconstrained by a series of broad ranges across security size, sector and cash positions. Research IP believes the Fund is best used as a ‘satellite’ strategy, as the Fund may not provide a broad diversified exposure to the Australasian share market. The weighting to individual securities within the Fund is not made with reference to any benchmark. Due to the relatively concentrated portfolio, individual stock positions are likely to have a significant impact on the overall return of the portfolio, especially over shorter time periods (e.g. one year). The Fund’s flexibility is expected to result in the return of the Fund differing significantly from that of the Manager’s chosen benchmark. Accordingly, investors seeking a benchmark-like return may not be suited to the Fund.
Research IP, 11 May 2020
Research IP notes that the Manager has one of the larger equity investment teams, and pleasingly continues to invest in the investment teams, and importantly the business. Research IP commends the Manager for looking beyond today, and investing for the future, including that of investors.
The Fund is subject to equity market risk and movements (both positive and negative) in the share prices of the underlying securities in the portfolio. Accordingly, investors should therefore be aware that the Fund may experience periods of negative returns and that there is a risk of potential capital loss being incurred on their investment. The Fund is suited to higher risk profile investors with a minimum investment time frame of five years.
If you have any questions in relation to this report or the Research IP services, please contact us here.
Comments are closed