Wingate Global Equity Funds upgraded to ‘Recommended’ as manager adds to investment team

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Research house Zenith has upgraded the Wingate Global Equity Fund—Wholesale Units (unhedged) and the Wingate Global Equity Fund—Hedged to ‘Recommended’ ratings at its most recent review.

The ‘Recommended’ ratings indicate Zenith deems the funds to be strong investments within their respective asset class, typically rating first quartile on most of the following criteria: investment personnel, security selection, portfolio construction, risk management, organisational strength, risk adjusted performance and product features.

Chad Padowitz, chief investment officer of Wingate Asset Management, said the funds provide investors with a value-biased exposure to the global equities sector, aiming to produce consistent, positive returns while reducing downside risk.

“Investing internationally provides Australians with access to a broader investment opportunity set, allowing investment in sectors that are not well-represented in the Australian market. Global investing also brings portfolio diversification benefits, as international markets are not perfectly correlated to the Australian market.

“The ‘Recommended’ ratings from Zenith are recognition of the success of the funds’ investment strategy and the benefits it can deliver. These ratings mean many more Australian investors will now have the opportunity to invest in the funds.”

In its research reports Zenith said the funds are suited to those investors who are focused on capital preservation and looking for an international equities exposure that includes a combination of capital gains and income.

“The Funds are designed to reduce losses, preserve capital and produce consistent positive returns over the long-term. 

“Despite the Funds’ high conviction approach to stock selection, they provide sufficient diversification across industries and countries and can be used as a core exposure to international equities in an overall portfolio.” 

Zenith commented that although the funds’ value biased investment process stems from basic investment principles, their execution is unique versus conventional long-only funds. 

“At their core, the Funds employ bottom-up fundamental research to identify undervalued, high quality companies, on a global scale.” 

In an otherwise traditional stock selection process, Zenith noted Wingate, unlike most long-only global equity managers, seeks to find companies that improve and grow steadily and avoids companies that are prone to sudden or large movements in intrinsic value. 

The ratings upgrades occur as Wingate announces the recent appointment of Mr Thomas Hodson as senior investment analyst, responsible for equity research and risk analysis.

Mr Padowitz said Mr Hodson has more than 15 years’ experience in the financial services industry in the UK and Australia and is a welcome addition to the Wingate team.

“Thomas has worked in research and portfolio management roles throughout his career for firms including JB Were, Alliance Bernstein, UCA Funds and Austock in Australia, and Barclays in London. At Barclays, he was responsible for managing portfolios on behalf of key clients and family offices serviced by the bank, including ultra high net worth individuals, pension and sovereign wealth funds, and charities.

“Thomas’ experience as an investment and portfolio analyst across a range of asset classes, coupled with his extensive experience in the development of proprietary in-house research, risk management and monitoring techniques, makes him a good fit for the business,” he said. 

Mr Hodson holds a Bachelor of Business from Swinburne University, has completed the Investment Management Certificate (UK) and is a Chartered Financial Analyst charterholder.

Wingate Asset Management is a boutique international equities fund manager that invests in a concentrated portfolio of high quality companies from around the world, diversified across sectors and geographies. It was formed by a joint venture between Australian Unity Investments and Wingate Group in 2008. 

A value manager, Wingate seeks to pay less than intrinsic value for stocks and invests in companies with high cash flows, strong balance sheets and typically large market capitalisations.


For further information please contact:
Chad Padowitz
Phone: 03 9913 0704