Lonsec has reaffirmed its ‘Recommended’ rating of the Contrarius Global Equity Fund (Australia Registered) – Retail Class. This rating signals that Lonsec has strong conviction that the product is well-positioned to meet its investment objectives.
In its research report published 11 March 2026, Lonsec commented that “Stephen Mildenhall provides strong leadership to a well-resourced team, reflective of the firm’s boutique culture to deliver performance. The collaborative investment process aims to identify undervalued stocks through proprietary research focusing on the team’s best ideas. The process is differentiated, talent-led, and the Manager’s portfolio construction approach can result in a concentrated style with very different outcomes vs the benchmark.”
The Fund continues to distinguish itself from other global equity offerings through its high-conviction, benchmark-unaware approach. Lonsec noted that “the Fund’s annualised net returns of 26.7% over five years is well above the peer median of 14.0% p.a.” Lonsec further noted that “the Fund’s outperformance for the year was primarily driven by strong stock selection in key ‘top 10’ holdings.”
Commenting on the ratings announcement, Simon Raubenheimer, director of Contrarius Investment Management Limited, noted that “Contrarius is honoured to have Lonsec reaffirm their ‘Recommended’ rating for the Contrarius Global Equity Fund, which is a testament to the consistency of our investment process. In an era often dominated by passive investing, momentum and short-term sentiment, we remain steadfast in our contrarian and valuation-based approach. We believe that the greatest risk to investors is the permanent loss of capital from overpaying for assets, and our focus remains on identifying the gap between a company’s price and its true intrinsic value.”
Chris Watson, director of Contrarius Investment Advisory (Pty) Limited, the Fund’s distributor in Australia, added that “the Lonsec rating provides financial advisors with an important and independent basis for evaluating the Fund’s investment merits”. He noted that “the Fund’s portfolio is intentionally benchmark-unaware, allowing the flexibility to take advantage of opportunities where the team identifies the most compelling risk-reward profiles”. He concluded that “the Fund’s contrarian approach provides a differentiated offering for Australian investors seeking global equity exposure”.
The Fund is available for investment directly online or through leading investment platforms, including Netwealth. More information regarding the Contrarius Funds is available on Contrarius’ website (www.contrarius.com.au). Interested parties may contact Contrarius directly to request a copy of the Lonsec research report or to arrange a meeting to discuss the Fund’s strategy and current positioning.
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