WaveStone Dynamic Australian Equity Fund

Overview

The WaveStone Dynamic Australian Equity Fund is a concentrated portfolio of typically between 25 and 50 companies listed, or intended to be listed within 12 months, on Australian, New Zealand and international stock exchanges in other developed markets. The Fund may invest up to 30% of the Fund's net asset value in securities listed on New Zealand exchanges and up to 10% of the Fund's net asset value in securities listed in other developed markets. The maximum total exposure across both New Zealand and other developed markets is 30% of the Fund's net asset value.

Interests in the WaveStone Dynamic Australian Equity Fund are offered by Fidante Partners Limited ABN 94 002 835 592 AFSL 234 668 (Fidante Partners). Fidante Partners has appointed WaveStone Capital Pty Limited as the investment manager of the Fund.

Fund objective

The Fund aims to provide capital growth over the long-term (at least five years) and tax effective income through investing primarily in a concentrated portfolio of Australian, New Zealand and other international securities. The Fund is not constrained to be managed to the Performance Benchmark or any particular stock index weighting. WaveStone does not target any particular level of realised capital gains within the Fund's returns.

Investment approach

WaveStone is a high conviction manager investing across the spectrum of the share market. WaveStone believes that markets are not perfectly efficient leading to securities becoming mispriced. WaveStone aims to identify businesses with superior 'corporate DNA' operating within favourable industry dynamics. Such companies should deliver above market earnings growth. The companies selected will be those that are prudently financed, well managed and with a track record of success. Primary emphasis is placed on bottom-up stock picking through comprehensive research as distinct from targeting overall market indices.

For more information visit the WaveStone website.