Martin Currie Sweeps the AFMA Golden Bull Award
Martin Currie Australia (MCA) has been awarded the Deutsche Bank Golden Bull Award at the Australian Fund Manager Awards (AFMA) recently for the market leading Martin Currie Australia Value Equity Strategy. The winners of the Golden Bull Award are decided by a panel of peers and awarded to the fund managers who are considered to employ the best equity strategy in Australia.
2 November 2017
Reece Birtles, Chief Investment Officer and lead-portfolio manager for the strategy, said: “Our success at the Australian Fund Manager Awards was a proud moment for us all at MCA, and we are honoured to have been selected from a nomination group of strong and talented group of managers.
Birtles said: “The top-quartile performance over the quarter, 1, 3, 5 and 10-year periods in the recent release of the September Mercer Investment Performance Survey for long-only Australian Shares strategies highlights how MCA’s Value Equity has been able to perform across the cycle, and maximise returns for our longer-term investors.
“Our high conviction Value Equity portfolio has done very well, despite periods that have been less favourable to our Value style. Our success, outperforming the S&P/ASX 200 by over 9% p.a. over the past year*, reflects how we manage the portfolio in the context of available reward versus factor risk exposures.
“The in-depth fundamental and qualitative research from our long-serving 17-member investment team provides us with valuable insights into the investment landscape, and this allows us to dynamically manage our portfolio factor exposures.
“The unique multi-lensed investment approach employed by the team (Value, Quality, Direction) allows us to consider each potential Value security from alternative points of view and understand the pros and cons for each.
Left to right - Jim Power, Patrick Potts, Enza Tsagros, Matt Davison
“When the value opportunity is lower, as it had been for during 2015, early 2016 and the first half of 2017, we have been able to reduce the risk of the portfolio. In such times when we were not getting as much potential reward for buying the cheapest stocks in the market, we focus on companies with better Quality and Direction characteristics.
“We believe our combination of Valuation, Quality and Direction provides the highest expected returns for long-term investors, and are very proud to have been acknowledged at the Australian Fund Manager Awards this year, " noted Birtles.
MCA has grown to be one of Australia’s largest independent active asset managers, and the Value Equity strategy forms part of MCA’s client outcome focussed solutions totalling A$15 billion in assets under management (as at 30 September 2017).
*Past performance is not a guide to future returns. Source: Martin Currie Australia; as at 30 September 2017. Data calculated for a representative Martin Currie Australia Value Equity account in A$ gross of management fees. This data is presented without deducting investment advisory fees, broker commissions, or other expenses that reduce the return to investors.