Tyndall AM to open concentrated fund for retail investors

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Tyndall AM is to open its successful Tyndall Australian Share Concentrated Fund to the retail market.

Tyndall AM is to open its successful Tyndall Australian Share Concentrated Fund to the retail market.

The fund* has been available to institutional investors and professional investors since 2010 and is one of the top three performing Australian share funds**.  The strategy underpinning it has a 15-year track record and was originally developed by Tyndall for institutional investor mandates.

Matt Russell, head of sales and marketing at Tyndall AM, said that the decision was made to offer the fund to the retail market because of strong investor demand for benchmark unaware funds with a yield bias.

“With investors returning to equity markets, this is the ideal time to offer our very successful concentrated share strategy to the retail market.

“We believe the fund will meet the increasing demand from retail investors for a fund that has a total return focus, which means we invest in stocks that offer the opportunity for capital growth as well as for yield.

“We anticipate the fund will be particularly attractive to sophisticated investors seeking long-term returns, and will be an appealing satellite strategy for those looking for additional alpha in their portfolio,” Mr Russell said.

He added that he believes that being benchmark unaware is a real differentiator from competitors.

The fund’s aim is to provide long-term capital growth and income by investing in a concentrated selection of shares listed on the S&P/ASX 200 Accumulation Index.

The strategy takes advantage of the best ideas identified through Tyndall’s proprietary research, Comparative Value Analysis (CVA), which involves extensive fundamental analysis of all Australian companies.

Its composition of stocks can vary substantially from the index which, together with the concentrated nature of the portfolio, means that over short time periods the fund can deliver significantly different return outcomes to the index.  Tyndall believes this can result in superior returns over a complete business cycle.  The minimum initial investment will be $25,000 and investors can make additional minimum investments of $1,000.

The fund is managed by Tyndall AM portfolio managers Jason Kim and Tim Johnston. Mr Kim has been managing the strategy underpinning the fund for 12 years and Mr Johnston has been co-managing the strategy for five years.

As at 30 April 2013, the fund returned 38.1% over the previous 12 months (before fees), outperforming the index by 14.5%. Since inception in May 2010 it has returned 15.9% p.a. (before fees) versus 11.5% p.a for the index.

Tyndall AM is a multi-specialist Australian investment manager, offering investment funds in Australian shares, Australian and international fixed interest, and alternative assets, as well as a multi-manager capability to retail and institutional investors in Australia.  It has approximately A$23 billion in funds under management (as at 31 December 2012).

Tyndall AM is a wholly owned subsidiary of Nikko Asset Management Co., Ltd., one of the largest asset manager headquartered in Asia with approximately A$149 billion in funds under management (as at 31 December 2012).


*  The fund is currently named the Tyndall Australian Share Concentrated Income Fund and will be renamed in the Product Disclosure Statement to be issued in the near term.

** Mercer survey, up to 31 March 2013
For more information please contact:

Matt Russell – Phone: 02 8072 6380

16 May 2013