Zenith Investment Partners has given a ‘recommended’* rating to the Tyndall Australian Share Concentrated Fund.
Tyndall AM launched the fund in May this year to the retail market, although the strategy underpinning it has a 15-year track record and was originally developed by Tyndall for institutional investor mandates. It is managed by Tyndall AM portfolio managers Jason Kim and Tim Johnston.
In its report, Zenith said “[It] believes the Tyndall Australian Equities team is well resourced and highly experienced.
“Tyndall’s team structure and work process is both well organised and clearly defined, with stock and sector responsibilities allocated across analysts (approximately 15 to 20 stocks per analyst) to ensure solid peer review of companies and a ready basis for comparison with other stocks in other sectors.
“The Tyndall team is well incentivised through equity participation and for the most part have worked together for many years. The peer review process ensures that a collegiate environment is fostered and is one of the core strengths of the Tyndall process.”
Zenith added that: “Overall, we consider Nikko AM’s global network to be an advantage for Tyndall in which to gain additional regional and global insights to complement their existing capabilities.”
Matt Russell, head of marketing and sales at Tyndall AM, said the strong rating from Zenith is a positive endorsement of the skills and track record of the Tyndall equities team, in particular Mr Kim and Mr Johnston.
“We are already seeing a high level of interest in the fund after just a couple of months in the retail market, and this is testament to the quality of the team behind the fund and the long-standing success of their investment approach and strategy,” Mr Russell said.
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.
As at 30 June 2013, the fund returned 29.5% over the previous 12 months (before fees), outperforming the index by 6.2%. Since inception in May 2010 it has returned 11.2% p.a. (before fees) versus 8.3% p.a for the index**.
Tyndall AM is an award-winning Australian investment manager, specialising in Australian shares, international shares, Australian fixed interest, international fixed interest and alternative assets.
As at 30 June 2013, Tyndall AM’s investment teams manage approximately A$23 billion in funds on behalf of retail and institutional investors, private clients, superannuation funds and charitable trusts.
Tyndall AM is owned by Nikko AM, a leading asset management company headquartered in Asia, with more than A$169 billion in funds under management (as at 30 June 2013).
For more information please contact:
Matt Russell – Phone: 02 8072 6380
* The Zenith Investment Partners (“Zenith”) ABN 60 322 047 314 rating (assigned June 2013) referred to in this document is limited to “General Advice” (as defined by section 766B of Corporations Act 2001) and based solely on the assessment of the investment merits of the financial product on this basis. It is not a specific recommendation to purchase, sell or hold the relevant product(s), and Zenith advises that individual investors should seek their own independent financial advice before investing in this product. The rating is subject to change without notice and Zenith has no obligation to update this document following publication. Zenith usually receives a fee for rating the fund manager and product against accepted criteria considered comprehensive and objective.
** The index is the S&P/ASX 200 Accumulation Index. Past performance is not an indicator of future performance.
26 July 2013