Performance supported by process

Australia Value Equity strategy

23 July 2018

Aus Value Equity 4
Key points
  • Our investment approach has helped us to navigate the choppy conditions we have seen for Value investors over the last three years
  • As valuation spreads will continue to widen, new opportunities are opening for the portfolio. Our multi-lensed investment approach places us in a strong position to navigate this environment going forward

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Our investment approach won’t deliver the same outcomes at all points in the cycle, but it certainly has helped us to navigate the choppy conditions we have seen for Value investors over the last three years.

Past performance is not a guide to future returns.
Source: Martin Currie Australia; as at 30 June 2018. Data shown in A$ for a representative Value Equity account for illustrative purposes only.

Cumulative performance relative to S&P/ASX 200

Past performance is not a guide to future returns.
Source: Martin Currie Australia; as at 30 June 2018. Data shown in A$ for a representative Value Equity account for illustrative purposes only

Our approach has also helped provide our clients around 200 basis points more alpha over the last three and five years relative to the next best value manager.

Past performance is not a guide to future returns.
Source: Martin Currie Australia, Morningstar. Ranked in the first quartile in its peer group among 88 (3yr) & 81 (5yr) funds respectively within Morningstar Equity Australia Large Value category. Based on net of fees performance data in A$ for the Morningstar Equity Australia Large Value category and Legg Mason Martin Currie Select Opportunities Fund through 30 June 2018.

As valuation spreads continue to widen, new opportunities are opening for the portfolio.

Our multi-lensed investment approach of Valuation, Quality, Direction and Sustainable Dividend places us in a strong position to navigate this environment.

DISCLAIMER
© 2018 Morningstar, Inc. All rights reserved. The Morningstar Rating is an assessment of a fund’s past performance – based on both return and risk – which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser.