This is one of the only true emerging company funds available in Australasia with a proven track record.
HEAD OF RESEARCH & PORTFOLIO MANAGER
ALL DATA AS AT 28 FEBRUARY 2017
Annualised return since inception
Total Return since inception
One of our best performing funds with a five-star Morningstar rating*, the Emerging Fund gives investors access to very small companies. This fund is soft-closed, but there is still capacity in the Global, Growth 2, and Cash Plus Funds. Recommended investment time frame: 5 years.
The Emerging Companies Fund will invest in a small number of growth orientated companies, where we consider the value is greatest and the possible of earnings growth is high. In particular, Pie Funds intend to invest mostly in Australian and New Zealand Emerging Companies, whose potential we do not consider to be fully realised by the market. The Emerging Companies Fund may also invest in other types of financial products such as cash.
At any given time short-term trading positions are not likely to exceed 10% of the portfolio of the Emerging Companies Fund, however turnover and trading activity of this portion of the portfolio is likely to be high.
During periods of uncertainty the Emerging Companies Fund can increase its cash position up to a maximum of 100% of the portfolio to reduce downside volatility.
Further information in relation to how the investment strategy is implemented is set out above in the ‘Investment Strategy and SIPO Review’ section of this SIPO.
If you wish to invest, please download the Product Disclosure Statement (PDS) and complete the enclosed application form.
The fund invests in very small companies that we think have the greatest value and potential for future earnings. These are companies in Australia and New Zealand that we believe are undervalued by the market. By emerging companies, we mean companies that have a market capitalisation of up to $150 million in local currency relative to the exchange that they are listed on.
Find out more about our top holdings by checking out the latest Emerging Fund Fact Sheet.
Meet the Managers
Mark Devcich: Mark is Head of Research at Pie Funds and has overall responsibility for research and company analysis. Mark is also the portfolio manager for the Emerging Fund and the Dividend Fund. Prior to joining Pie Funds in 2010, Mark worked at PwC in both the Financial Assurance and MandA taxation divisions. Mark has a Commerce degree and a Law degree from the University of Auckland, is a CFA charter holder and a qualified chartered accountant. Click here to read Mark’s full profile.