Research house Zenith has upgraded the Wingate Global Equity Funds—Wholesale Units and Hedged—to a ‘Recommended’ rating at its most recent review.
The ‘Recommended’ rating indicates Zenith deems the Funds to be strong investments within their respective asset class, typically rating first quartile on most of the following criteria: investment personnel, security selection, portfolio construction, risk management, organisational strength, risk adjusted performance and product features.
Chad Padowitz, chief investment officer of Wingate Asset Management, said the Funds provide investors with a value-biased exposure to the global equities sector, aiming to produce consistent, positive returns while reducing downside risk.
“Investing internationally provides Australians with access to a broader investment opportunity set, allowing investment in sectors that are not well-represented in the Australian market. Global investing also brings portfolio diversification benefits, as international markets are not perfectly correlated to the Australian market.
“The ‘Recommended’ rating from Zenith is recognition of the success of the Funds’ investment strategy and the benefits it can deliver. This rating means many more Australian investors will now have the opportunity to invest in global equities.”
In its research report Zenith said the Funds are suited to those investors who are focused on capital preservation and looking for an international equities exposure that includes a combination of capital gains and income.
“The Funds are designed to reduce losses, preserve capital and produce consistent positive returns over the long-term.
“Despite the Funds’ high conviction approach to stock selection, they provide sufficient diversification across industries and countries and can be used as a core exposure to international equities in an overall portfolio.”
Zenith commented that although the Funds’ value biased investment process stems from basic investment principles; their execution is unique versus conventional long-only funds.
“At their core, the Funds employ bottom-up fundamental research to identify undervalued, high quality companies, on a global scale.
In an otherwise traditional stock selection process, Zenith noted Wingate, unlike most long-only global equity managers, seeks to find companies that improve and grow steadily and avoids companies that are prone to sudden or large movements in intrinsic value.
The ratings upgrade occurs as Wingate builds up its research capability with the appointment of Mr Thomas Hodson as Senior Investment Analyst, responsible for equity research and risk analysis.
Mr Padowitz said Mr Hodson has more than 15 years’ experience in the financial services industry in the UK and Australia and is a welcome addition to the Wingate team.
“Thomas has worked in research and portfolio management roles throughout his career for firms including JB Were, Alliance Bernstein, UCA Funds and Austock in Australia, and Barclays in London. At Barclays, he was responsible for managing portfolios on behalf of key clients and family offices serviced by the bank, including ultra high net worth individuals, pension and sovereign wealth funds, and charities.
“Thomas’ experience as an investment and portfolio analyst across a range of asset classes, coupled with his extensive experience in the development of proprietary in-house research and developing improved risk management and monitoring techniques, makes him a good fit for the business,” he said.
Mr Hodson holds a Bachelor of Business from Swinburne University, has completed the Investment Management Certificate (UK) and is a Chartered Financial Analyst charterholder.
Wingate Asset Management is a boutique international equities fund manager that invests in a concentrated portfolio of high quality companies from around the world, diversified across sectors and geographies. It was formed by a joint venture between Australian Unity Investments and Wingate Group in 2008.
A value manager, Wingate seeks to pay less than intrinsic value for stocks and invests in companies with high cash flows, strong balance sheets and typically large market capitalisations.
Past performance is not a reliable indicator of future performance. Australian Unity Funds Management Limited ABN 60 071 497 115, AFSL 234454 is the responsible entity for the Wingate Global Equity Fund – Wholesale Units and the Wingate Global Equity Fund – Hedged. These products are managed by Wingate Asset Management Pty Ltd ABN 67 130 534 342. The information in this document is general information only and does not take into account the financial objectives, situation or needs of any particular investor.
Before deciding whether to acquire, hold or dispose of a product, an investor should refer to the relevant Product Disclosure Statement (PDS). A copy of the PDS can be obtained by calling 1800 649 033 or 13 29 39 or visiting australianunityinvestments.com.au.
The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned December 2015) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners.com.au/RegulatoryGuidelines
is a boutique international equities fund manager that invests in a concentrated portfolio of high quality companies from around the world, diversified across sectors and geographies. It was formed by a joint venture between Australian Unity Investments and Wingate Group in 2008.