release_schedule: NO COMMENTARY
fund_features:
Equity Trustees’ is an active manager and its investment style pursues growth at a reasonable price (“GARP”).
The essence of the approach is to identify companies that are trading at a discount or fair value to market with a reasonable certainty of growth in earnings and in dividends for the foreseeable future. Equity Trustees believes that the Australian equity markets are not efficient but driven by short-term investor’s behaviour and biases.
- They believe that through an active investment approach and rigorous research incorporating both qualitative and quantitative aspects of investment analysis we can identify and exploit these inefficiencies. The investment process is built on identifying and understanding the key drivers of a company.
- A key driver of a company is any factor that could materially affect either a company’s earnings or its valuation. Key drivers are categorised as either macroeconomic, industry and company specific factors which are a leading indicator to a company’s earnings.
- When a company’s key drivers are turning positive or are positive it is likely there will be positive earnings per share (eps) revisions, earnings growth, increasing return on equity (ROE) and increasing valuations. The opposite is true for companies with key drivers that are turning negative or turning negative.
manager_contact_details: Array
asset_class: Domestic Equity
asset_category: Australia Large Blend - Broad Cap - Passive
peer_benchmark: Domestic Equity - Large Cap Passive Index
broad_market_index: ASX Index 200 Index
structure: Managed Fund