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Australia Value Equity
(Select Opportunities)

High conviction value approach

Overview

The Martin Currie Australia (MCA) Value Equity strategy invests in a diversified portfolio of ASX-listed equities.

We aim to provide for investors seeking the long-term capital growth potential of the Value style through an actively managed exposure to our highest conviction undervalued stock ideas, selected carefully by MCA’s investment team. This approach results in a portfolio distinct from traditional equity portfolios and value-focused strategies.

Key Pillars of the Strategy

300

Proprietary multi-lensed research by an experienced team

The MCA team has over 40 years of experience investing in Australian equities and listed Real Assets using a disciplined and repeatable multi-lensed investment approach.

300

High conviction portfolio, combining a true to label value approach with risk control

Our contrarian stock ideas are grounded in our fundamental, bottom-up Valuation research. Risk is managed by incorporating our Quality, Direction Short-Term and Direction Long-Term lenses.

300

A proven process, customised to suit the Australian market

We have reflected the Australian market’s deeply ingrained structural inefficiencies into our proprietary multi-lensed investment process.

300

Fully integrated fundamental Active Ownership approach

Responsibility for Active Ownership lies directly with the research analysts and portfolio managers responsible for making investment decisions.

We believe that our long-term track record in alpha generation through varied market cycles demonstrates our ability to deliver for investors during Value tailwinds, while providing investors with genuine protection through periods where the Value-style faces into thematic headwinds.

Key Information

To provide an after-fee return in excess of the S&P/ASX 200 Accumulation Index over rolling five-year periods.

Portfolio characteristics Australia Value Equity
Objective Long-Term Growth
Asset Class Equities
Style Value
Investable Universe Australian listed securities
Benchmark S&P/ASX 200 Accumulation Index
Market capitalisation All cap
Country limit N/A
Sector limit Benchmark +/- 12%
Security limit Benchmark +/- 7%
Number of stocks Typically 33
Portfolio turnover Typically 25% p.a.
Forecast tracking error We do not target tracking error but is typically 5% p.a. (ex ante)
Inception  26 October 2006

Investment team

The Value Equities strategy is co-managed by Reece Birtles and Michael Slack.

The strategy is supported by the broader MCA investment team through detailed fundamental research and analysis.

In addition, our quantitative research function is continually looking for new ways to improve the investment process and the efficacy of our stock decisions and portfolio risk/return outcomes.

Reece Birtles

Reece Birtles, CFA

Job title
Chief Investment Officer, Australia
Michael Slack

Michael Slack, CFA

Job title
Head of Australian Equity Research