Australian Equity Small Cap IMA
Investment Philosophy
The TAMIM Australian Equity Small Cap IMA can be summarised as a selection of Australian Securities Exchange (ASX) listed companies that have been identified by the 8IP as having under-recognised growth potential. These companies generally have one of the following characteristics:
It is anticipated that the performance of the portfolio will come from a combination of capital growth and dividends, with capital growth likely to provide the largest contribution
The TAMIM Australian Equity Small Cap IMA can be summarised as a selection of Australian Securities Exchange (ASX) listed companies that have been identified by the 8IP as having under-recognised growth potential. These companies generally have one of the following characteristics:
- A market-leading, multi-year competitive advantage;
- A turnaround opportunity, either within the business as a whole or within a critical element of the business; or
- A specific catalyst expected to generate short- medium term capital appreciation.
It is anticipated that the performance of the portfolio will come from a combination of capital growth and dividends, with capital growth likely to provide the largest contribution
Investment Process
Stock Selection Process
1) Idea generation: Ideas are generated primarily through the wide network of the portfolio managers, including at company meetings, with an additional contribution from quantitative screens. The PMs actively seek to identify companies that fit the investment philosophy:
2) Develop conviction in investment thesis: When an opportunity has been identified, the portfolio managers seek to develop conviction in the investment thesis. The steps may include:
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