9/3/2020 12:00:00 AM

Fund smashes records in August

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Pie Funds has achieved one of its best months on record, with strong active management playing a key role in outperformance during the Covid-19 period.

Leading the performance was the Australasian Growth 2 Fund, returning 18.4% (after fees, before tax) in August, compared to its benchmark* of 9%.

This brings Growth 2 Fund’s return to 40.3% for the 12 months to 31 August  –  a great result for investors.

CEO and founder Mike Taylor says it’s not often in your career such outperformance is possible, let alone achieved.

“Growth 2 has broken my one-month performance record for the original Australasian Growth Fund**, which has stood since April 2009, three times this year,” Taylor says.

The Australasian Emerging Fund** also had a strong month, with August returns of 10.82%, bringing its returns to 36.7% for the 12 months to 31 August.

“August will go down as one of our best months on record, with all funds in positive territory and two funds achieving over a 10% return,” Taylor says.

“The investment team has done an incredible job navigating an extremely challenging environment.”

View performance

The funds are all actively managed, using skilled and experienced fund managers. Active management can help drive performance during a downturn, because of the ability to:

Act quickly: When markets are changing fast, as they were during Covid-19, active fund managers can act quickly to aim for the best outcomes. This may mean buying or selling shares quickly to take advantage of opportunities or manage risks.

Provide choices: Pie’s fund managers work long and hard to try to generate strong outcomes for your investments. They have strategies and techniques they use to help keep your money safer during a downturn, and take advantage of great opportunities.

Benefit from opportunities: The market dip from Covid-19 meant the team could invest in some good quality companies they thought had previously been priced too high. It also meant they could increase their position in some of the strong companies they already invested in. Of course, the team didn’t just invest in anything just because it was cheap - lots of research goes on behind the scenes about what companies to invest in.

Mike Taylor founded Pie Funds with the simple philosophy of outperforming the markets by investing in growth companies. Since 2007, Pie has generated over $540m*** of wealth for clients as at 31 August 2020.

Pie’s goal is to focus first and foremost on client returns, and to provide investors with outstanding client service. Interested in having a chat? 

Get in touch

*Growth 2 Fund’s benchmark index is XSOAI S&P/ASX Small Ordinaries Accumulation Index (NZD), which returned 9% during August.

**The Australasian Growth Fund and Australasian Emerging Fund are closed.

***Based on Scheme's net profit before tax

All returns shown are after fees and before applicable tax. To download our product disclosure statements, go to www.piefunds.co.nz. Past performance is not an indicator for future returns. This information is general in nature only. You may wish to discuss with an expert before relying on it.

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