Growth

I invest in smaller companies that exhibit two major characteristics: value and growth.

Mike Taylor
FOUNDER, CEO & CIO




ALL DATA AS AT 31 MARCH 2017

Inception

Dec 2007

17.3

%
p.a.

Annualised return since inception

342.0%

Total Return since inception

Soft Closed

The Fund

Our flagship product, the Growth Fund was launched in 2007. This fund is soft-closed, but we launched the Growth 2 Fund to give investors access to a similar investment strategy to the Growth Fund. Check it out hereRecommended investment time frame: 5 years. 

Investment Process

The Growth Fund will invest in a small number of growth orientated companies, where we consider value is greatest and the opportunity of earnings growth is high. In particular, Pie Funds intends to invest mostly in listed Australian and New Zealand Smaller Companies, whose potential Pie Funds considers has not been fully realised by the market. The Growth 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 Growth Fund, however turnover and trading activity of this portion of the portfolio is likely to be high.

During periods of uncertainty the Growth 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.

Companies

We look for companies that exhibit two major characteristics: value and growth. When selecting an investment, it must have growth opportunities and be priced at a discount to our valuation. These are small cap companies listed in Australia and New Zealand. We believe that it is better to focus our attention on a handful of carefully selected investments, so we will typically have 15 of our best ideas in our Australasian funds.

Find out more about our top holdings by checking out the latest Growth Fund Fact Sheet. 

Meet the Managers

Mike Taylor: Mike is the founder, CEO and CIO of Pie Funds. In addition to being the joint manager for the Growth 2 Fund, he also manages the Growth Fund and the Global Fund. Prior to starting Pie Funds in 2007, he worked in a variety of roles in the financial industry both here and in the UK, including as a banking analyst for HBOS and an equities dealer for ABN Amro. His early career provided him with a diverse range of experience across the finance sector which Mike has used successfully in his role as CEO and portfolio manager. Click here to read Mike’s full profile.

 

Soft Closed
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