Annualised since inception (after fees before tax)
Unit price as at
The fund invests in very small companies we think have the greatest value and potential for future earnings. These are companies in Australia and New Zealand we believe are undervalued by the market. By emerging companies, we mean companies with a market capitalisation of up to $150 million in local currency relative to the exchange that they are listed on.
The Fund is designed to grow capital by investing in a small number of very small growth companies, where we consider value is greatest and the opportunity for earnings growth is high.
Our Australasian Emerging Companies Fund received a 5-star Morningstar Rating™ for the 5 years to 31/3/2022, out of 25 Equity Region Australasian funds.
The Fund also received a 5-star Overall Morningstar Rating™ out of 27 Equity Region Australasian funds as at 31/03/2022. These are achievements we are very proud of.
This Fund has a risk rating of 6 out of 7 (very high risk).
Please read the Product Disclosure Statement (PDS) and Statement of Investment Policy and Objectives (SIPO) for more information, including details of the risks associated with this fund.
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Fact Sheet updated as at 30 April 2022
Total fund return since inception
Past performance is not a guarantee of future returns. All figures are calculated after fees and before any applicable tax.
Mark Devcich Portfolio Manager BCOM, LLB, CFA, CA
Mark is the Portfolio Manager for the Australasian Growth 2 Fund and the Australasian Emerging Companies Fund. Mark is also Portfolio Manager of the Global Growth Fund and Global Growth UK & Europe Fund, with research and analytics input from Guy Thornewill and Toby Woods.
Prior to joining Pie Funds in 2010, Mark worked at PricewaterhouseCoopers in both the Financial Assurance and M&A taxation divisions.
Mark has a Commerce and Law degree from the University of Auckland, is a CFA charterholder and a qualified chartered accountant.
Mark is a shareholder of Pie Funds.
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Product Disclosure Statements
Past performance is not a guarantee of future returns. No person, including the Directors of Pie Funds Management Limited, guarantees the repayment of units in the funds or any returns of units in the funds. Returns can be negative as well as positive and returns over different periods may vary.
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We are taking steps to try to preserve investor capital and take advantage of opportunities, arising from the severe market disruption associated with COVID-19.
To assist with buying into the current severe sell-off we have secured approval from our supervisor for a temporary exception to our Statement of Investment Policies and Objectives (SIPO), to allow us to exceed our maximum number of positions for the following funds:
We sought permission to increased position limits because we believe it will help us better serve our investors’ interests by:
The exemption is in force now. We will review the need for the exception in six months. If market conditions have returned to more normal settings, we will return within SIPO limits.