We employ an active approach to investment management, adopting a ‘bottom up’, value-based philosophy. We identify opportunities by monitoring the difference between prevailing market prices and the assessed valuation. Most commonly this occurs due to behavioural inefficiencies, caused by sentiment or momentum driven price movements, or informational inefficiencies, situations where the market has mispriced securities due to incorrect assumptions or lack of recognition of change. This approach reflects the belief that, in the absence of structural change, security prices will ultimately tend back to fair valuation through the course of an investment cycle. Our investment process is focused upon identifying these opportunities.
The Fund may invest in up to 65 Australian companies; up to 10% of the Fund in securities included in the S&P/ASX MidCap 50 Index; and up to 25% of the Fund in securities outside the S&P/ASX 300
For more information on the Ironbark Renaissance Australian Small Companies Fund or a copy of the Fund’s offer document, please refer to Ironbark’s website here