Generally we buy assets when they are cheap and sell them when they are expensive. This is an active investment strategy. It’s not an exact science but we believe active investors can achieve above-average market returns. That is our goal. To choose our investments we do research, we talk to knowledgeable people in the market and to the management of the companies we invest in. And we change what we invest in – and how much we invest in it – based on our opinions about the research we’ve done.
Even the best investment ideas have risk which must be managed. Our portfolio managers focus on avoiding or reducing unnecessary volatility and investment draw-downs as rigorously as they seek returns. We look at risk when we select, size and manage each investment for each Fund. We have agreed controls on how big positions can be, how many funds can hold one company and what our reaction should be to good and bad news. This discipline is consistent across all funds but can be applied differently depending on what each fund invests in.
We look for a relatively small number of companies we believe the market has mispriced relative to a company’s outlook.
There are four key stages to our investing process:
Identify
We look for companies with:
Research
We value companies by:
Construct
We build a portfolio:
Review
We continuously evaluate by:
Talk with our team or organise a visit to our offices. We'd love to hear how we can help; simply call, email or send an enquiry.
Get in touch
To invest with Pie Funds, read the PDS and complete the online application form.
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.