Fund in Focus: Macquarie High Conviction Fundby Chris Limberg on Mar 31, 2017
The key ideas driving the Macquarie High Conviction fund are:
- A focused approach: A concentrated portfolio of best ideas. The portfolio generally holds 25 to 30 holdings which are selected based on the best ideas available. These ideas are measured against a thematic outlook based on themes influenced by China, Global (USA, Europe & Asia), Australian and Yield
- A truly unconstrained portfolio: Focusing on identifying opportunities in value and growth market cycles. This results in consistent long term outperformance
A proven track record: the fund has delivered strong returns across all markets cycles having been established in Nov 2005 and managed funds through the GFC
The Macquarie High Conviction fund aims to outperform the S&P/ASX 200 Accumulation Index over the medium to long term. It aims to provide capital growth and some income.
The fund only holds shares that the investment team believes will generate the highest returns. The investment model is concentrated as the name suggests with a maximum of 30 holdings at any time, including both value and growth shares. Holdings can be companies listed or expected to be listed on the ASX.
Performance: as at 31st March 2017