The Harbour Australasian Equity Focus Fund has been issued a “5 IP” rating by Research IP, with a score of 4.27/5.
The Harbour Australasian Equity Focus Fund (“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 our 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?
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Research IP says
“The Manager’s process blends academic research and practical insights, to develop what the Manager considers as its edge as a focused growth manager. Deep fundamental company research underpins each security in the portfolio.“
“This is a concentrated strategy and as such performance will be volatile over shorter periods. Over the longer term performance has been consistently ahead of the peer group. Research IP believes the Funds’ performance reflects Solly’s security selection, and the Managers’ growth style bias, while leveraging the input of the investment team and through the internal Investment Committee.“
“The Portfolio Manager has absolute discretion to invest across what are relatively wide allocation limits. Research IP believes concentrated funds should reflect conviction and that implies significant discretion being afforded to the Portfolio Manager. The Fund has individual equity exposure limits based on the market capitalisation of a company to manage risk, as specified in the SIPO. This is despite the benchmark unaware construction of the portfolio. The methodical approach to risk management is reflective of the Manager’s complete process to investing client money. The Portfolio Manager leverages the analyst team to identify conviction in companies that might be suitable for the portfolio.”
Research IP, 2 August 2021
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Disclaimer, Disclosures and Warnings
Research IP strongly recommends this document and report be read in conjunction with the relevant Product Disclosure Statement. Research IP gives no warranty of accuracy or completeness of information in this document. Any information, opinions, views or recommendations are general information only and do not take into consideration any person’s particular financial situation or goals and therefore does not constitute financial advice. This document should not be relied upon as a substitute for financial advice from your financial adviser.
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