Sydney, 22 May 2020
Hyperion Asset Management’s Global Growth Companies B Fund has topped a table of 295 Equity World large cap funds as per the data from the Morningstar Direct Global Fund Manager database, which reports that the Hyperion Global Growth Companies Fund B delivered a total annualised return of 18.34 per cent over the five year period (ending 30/04/20). The next best performing fund returned 14.81 per cent (or 3.53 per cent less) and the median return of all funds delivered 7.39 per cent (or 10.9 per cent less).
Commenting on the news, Managing Director and Chief Investment Officer, Mark Arnold, credited the top ranking to Hyperion’s strict proprietary process which allows it to separate the highest quality companies from the average: “Some of the factors we look for in a company are a strong value proposition, a highly committed management team that has skin in the game, good investment in R&D and new tech and strong balance sheets. These are companies which we believe will continue to grow and deliver for our investors. And while some people may consider growth stocks to be expensive, investing in them doesn’t mean overpaying.”
Mr Arnold went on to say while the intense market volatility sparked by COVID-19 is a short term issue, he expects that the economic recovery from this period will be difficult and will be hindered by pre-pandemic headwinds including high debt levels, rising wealth inequality, ageing populations and disruption coming from technology and climate change.
“We are currently in an economic environment of stagnation where most companies will experience lower earnings and lower growth and we expect this period will last many years. With the economic pie not growing, companies will need to secure more market share in order to prosper.”
Jason Orthman, Deputy Chief Investment Officer added that Hyperion’s approach is based on the team being forward looking but patient: “We have taken advantage of the market drop to purchase shares in some companies which we had liked but considered overpriced at the time. We are laser focused on protecting and growing our investors’ capital over the long term by investing in companies which continue to perform in all market conditions. We believe that this result is a testament to that goal.”
For further information or to arrange an interview, contact:
Alex Cowan, BlueChip Communication:
P: 02 9018 8611 E: Alex@bluechipcommunication.com.au
Hyperion Asset Management is a high conviction growth style fund manager that specialises in identifying and investing in quality listed equities. Our proprietary investment process produces a relatively concentrated portfolio of high-quality companies with predictable earnings and superior growth potential. Our clients include large and boutique institutions, and financial advisers.
Morningstar Australasia Pty Ltd, is a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research in North America, Europe, Australasia, and Asia.
Morningstar offers an extensive line of products and services for individual investors, financial advisers, asset managers, and retirement plan providers and sponsors. The company provides data on approximately 473,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 12 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment adviser subsidiaries. The company has operations in 27 countries.
Source: Morningstar Direct.© 2020 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser.
All funds are issued by Pinnacle Fund Services Limited “Pinnacle” (ABN 29 082 494 362 AFSL 238 371). Pinnacle is not licensed to provide financial product advice. Hyperion Asset Management Limited “Hyperion” (ABN 80 080 135 897 AFSL 238 380), is the investment manager of the Fund.
Any opinions or forecasts reflect the judgment and assumptions of Hyperion and its representatives on the basis of information at the date of publication and may later change without notice. Any projections contained in this document are estimates only and may not be realised in the future. Unauthorised use, copying, distribution, replication, posting, transmitting, publication, display, or reproduction in whole or in part of the information contained in this communication is prohibited without obtaining prior written permission from Hyperion. Past performance is for illustrative purposes only and is not indicative of future performance.
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