Newly Launched Ironbark Apis Global Small Companies Fund Awarded Initial Rating of ‘Recommended’ by Zenith Investment Partners.
Following the launch of the Ironbark Apis Global Small Companies Fund (the ‘Fund’) in partnership with US-based investment manager, Apis Capital Advisors (‘Apis’) on 31 January 2022, Ironbark Asset Management (‘Ironbark’) is pleased to announce the Fund has been awarded an initial rating of ‘Recommended’ by Zenith Investment Partners (‘Zenith’). An outcome underpinned by Zenith’s conviction that the Fund “has a high probability of meeting its stated investment objectives” and, “scores highly across most of Zenith’s key areas of assessment.”
The Fund aims to outperform the MSCI ACWI Small Cap Index AUD (after fees) over 5 to 7 years. To achieve this objective, Apis employs a fundamental approach that looks to “connect the dots” across borders and industries, leveraging their 30 years of investment experience to construct a long-only portfolio of quality small-cap companies with high growth potential.
Zenith’s report noted, “Apis’ portfolio construction technique is intuitive and follows a logical framework” and stated the Fund is managed by a “highly experienced portfolio management team that has demonstrated an ability to produce attractive risk-adjusted return outcomes over the long term.”
Ironbark’s Head of Funds Management, Alex Donald commented, “Since its launch in January 2020, the strategy has delivered an exceptional net return of approximately 38% (AUD)1 to January 2022 and in light of a growing appetite for global small companies across institutional and wholesale investors, we’re delighted to bring this stand-out capability to the Australian market. To receive a Zenith ‘Recommended’ rating so soon after our Fund launch, further affirms the quality of Apis’ global small-cap solution.”
The Fund largely replicates the long positions of Apis’ ‘Flagship’ strategy, a global long/short capability that has been in operation since the firm’s inception in 2004. This is the underlying strategy of the Apis Global Long/Short Fund, Ironbark’s existing solution in partnership with Apis which is also ‘Recommended’ by Zenith.
Issued by Ironbark Asset Management (Fund Services) Limited ABN 63 116 232 154 AFSL 298626 (‘Ironbark’). Ironbark is the responsible entity for the Ironbark Royal London Concentrated Global Share Fund referred to in this document. The relevant target market determination (TMD) and offer document for this Fund is available from www.ironbarkam.com/our-funds/ or by calling Ironbark on 1800 034 402. This document contains general information only and is not intended to represent specific investment or professional advice. The information does not take into account an individual’s personal financial circumstances, objectives or needs. Before making an investment decision, you should consider obtaining professional investment advice that takes into account your personal circumstances and should read the current TMD and offer document before making an investment decision to acquire or to continue to hold units in the Fund. Ironbark and its representatives believe that the information in this document is correct at the time of compilation, but no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors or omissions (including responsibility to any person due to negligence) is accepted by Ironbark. To the extent permitted by law, Ironbark, its employees, consultants, advisers, officers, and representatives are not liable for any loss or damage arising as a result of reliance placed on the contents of this document. While any forecasts, estimates and opinions in this material are made on a reasonable basis, actual future results and operations may differ materially from the forecasts, estimates and opinions set out in this material. No guarantee as to the repayment of capital or the performance of any product or rate of return referred to in this material is made by Ironbark. Past performance is not a reliable indicator of future performance. Any investment is subject to investment risk, including delays on the payment of withdrawal proceeds and the loss of income or the principal invested. This document is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. No part of this material may be reproduced or distributed in any manner without the prior written permission of Ironbark.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (DAM7739AU assigned February 2022; HFL0108AU November 2021) referred to in this piece is limited to “General Advice” (s766B 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, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. 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. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.