Montgomery Investment Management’s (Montgomery) flagship fund, The Montgomery Fund, has marked three years since inception receiving an upgraded “Recommended” rating from Lonsec.
Montgomery is a Sydney-based boutique funds management business focused on disciplined long term investing outcomes for its retail, HNW, adviser and institutional clients.
The Montgomery Fund aims to achieve long term capital and income growth through investment in equities across both Australian and New Zealand businesses.
The Fund is focused on protecting investor’s capital through the use of proprietary quality measures, buying businesses at a discount to intrinsic value and having the flexibility to hold unconventionally large amounts of cash when opportunities aren’t widely available.
The approach has proven to provide capital preservation and downside protection in falling markets – an attractive proposition for investors in the current market environment.
Montgomery Head of Distribution Scott Phillips said:
“The Fund has been focused on delivering precisely what clients have asked for – solid out-performance over the market, with the ability to protect investors capital on the downside – and this approach is now finding great support among a growing number of financial advisers.”
“The other attractive proposition for clients is that the fund has captured more than 95% of the upside in any month the market has risen and just 48% of the downside in any month the market has fallen. This is what many investors are looking for.”
Montgomery CIO Roger Montgomery said:
“Our focus has been to invest in high quality companies that can reliably grow income rather than conventional blue chip businesses. This is in stark contrast to the wisdom of investing in large, high dividend yielding companies.”
“The Fund has an ‘All Cap’ approach and is prepared to hold cash. A lack of high quality investment candidates, or a declining margin of safety, will produce an increase in cash to protect investors’ wealth, and this can rise as high as 30% of the portfolio. Capital preservation is as important to us as it is to our clients.”
The Montgomery Fund, launched in August 2012, has out-performed the market by 11.19% over the last 12 months. Since inception it has out-performed the S&P/ASX 300 Accumulation Index by 6.93 per cent per annum post fees.
The Fund is available on many platforms including; BT Wrap, Macquarie Wrap, Asgard, netwealth, Colonial FirstWrap, HUB24, OneVue & North.