Market Gains are Fools Gold
In this AFR article, Greencape Capital Portfolio Manager, David Pace, warns the days of market gains are numbered and investors should prepare for another sell-off. Read more
Greencape Capital
Greencape Capital (Greencape) is a specialist Australian equities fund manager based in Melbourne. Greencape has a dedicated and experienced team of investment professionals, whose aim is to deliver superior, repeatable performance.
About
Greencape's investment philosophy is grounded in the belief that markets are inefficient and that qualitative factors are generally under-appreciated in investment decisions. The investment team at Greencape is focused on, and committed to, delivering superior performance, directly aligning its interests with those of its investors. The company was founded and is majority owned by David Pace and Matthew Ryland. Prior to establishing Greencape Capital, David and Matthew worked together at a large institutional funds management firm for a number of years.
For more information, please visit www.greencapecapital.com
Approach
Greencape believes equity markets are inefficient; investor sentiment and short-termism (the tendency to seek immediate profit at the expense of long-term security) can mask observable dynamics, leading to mispricing of stocks. This can present significant investment opportunities.
In addition, Greencape believes that capital allocation decisions, and the ability to earn appropriate returns from such decisions, are fundamental to creating value for shareholders. They also feel that influences of shareholder stewardship and business franchise strength on shareholder value are often underestimated.
Funds
Greencape Broadcap Fund
Strategy
The Greencape Broadcap Fund is an Australian equities fund which can take positions in companies of all sizes. It offers investors access to a diversified portfolio of large, mid and small cap Australian shares, providing the potential for capital growth above the S&P/ASX 300 Accumulation Index over the medium to long term.
Suits Investors Seeking:
- High levels of return and are comfortable with high volatility
- A diversified portfolio of large, mid and small cap Australian shares
- To invest for at least 5 years
Benchmark
S&P/ASX 300 Accumulation Index
Overview
Current as of April 2020
11 September 2006
Inception Date
0.95%
Management Fee
5 Years
Suggested Minimum Time Frame
A$635.9M
Funds Under Management*
Quarterly
Distribution Frequency
$10,000
Minimum Investment
HOW0034AU
APIR Code
*Funds under management displayed at a class level only.
Interests in the Greencape Broadcap Fund ARSN 121 326 341 are offered by Fidante Partners Limited (ABN 94 002 835 592 AFSL 234 668) (Fidante Partners). Fidante Partners has appointed Greencape Capital Pty Ltd (ABN 98 120 328 529 AFSL 303903) as the investment manager of the Fund.
Fund Performance (Net) as at: 30 Apr 2020
11.28%
1 month
-15.15%
3 months
-1.20%
1 year
6.12%
3 years (p.a.)
6.75%
5 years (p.a.)
8.33%
10 years (p.a.)
8.67%
Since inception (p.a.)
Past performance is not a reliable indicator of future performance.
1. Performance figures are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.
2. The inception date for the Fund is 11 September 2006.
Unit Prices and Distributions
To view historical unit prices and distributions click here
Cumulative Fund Growth
loading...
Past performance is not a reliable indicator of future performance.
1 Performance figures are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.
1 Performance figures are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.
Greencape High Conviction Fund
Strategy
The Greencape High Conviction Fund offers investors access to a highly concentrated portfolio of stocks. It can invest in Australian listed companies as well as up to 10% in stocks listed on any international stock exchange. Greencape aims to fully hedge any international asset exposure back to Australian dollars.
Suits Investors Seeking:
- High levels of return and are comfortable with high volatility
- To invest for at least 5 years
- To invest in a highly concentrated portfolio of Australian shares.
Benchmark
S&P/ASX 200 Accumulation Index
Overview
Current as of April 2020
11 September 2006
Inception Date
0.90%
Management Fee
5 Years
Suggested Minimum Time Frame
A$573.1M
Funds Under Management*
Quarterly
Distribution Frequency
$10,000
Minimum Investment
HOW0035AU
APIR Code
*Funds under management displayed at a class level only.
Interests in the Greencape High Conviction Fund ARSN 121 326 225 are offered by Fidante Partners Limited (ABN 94 002 835 592 AFSL 234 668) (Fidante Partners). Fidante Partners has appointed Greencape Capital Pty Ltd (ABN 98 120 328 529 AFSL 303903) as the investment manager of the Fund.
Performance Overview as at: 30 Apr 2020
11.25%
1 month
-16.38%
3 months
-1.65%
1 year
5.69%
3 years (p.a.)
5.94%
5 years (p.a.)
7.69%
10 years (p.a.)
8.61%
Since inception (p.a.)
Past performance is not a reliable indicator of future performance.
1. Performance figures are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.
2. The inception date for the Fund is 11 September 2006.
Unit Prices and Distributions
To view historical unit prices and distributions click here
Cumulative Fund Growth
loading...
Past performance is not a reliable indicator of future performance.
1 Performance figures are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.
Our Team
How GFC Winners are Playing it Now
In this AFR article, Greencape Capital Portfolio Manager, David Pace discusses how he's viewing COVID-19 in terms of traps and opportunities in the market. Read more
Livewire Q&A: High Conviction - The Purist's Way to Invest
In this Q&A with Livewire, Greencape Capital Portfolio Manager, David Pace discusses his experience during the GFC, the types of companies Greencape likes and what they'd avoid. He also shares two ideas that he has high conviction in today. Read more