Hamish Wehl

Cromwell Funds Management Limited (Cromwell) has announced the Cromwell Phoenix Opportunities Fund (the Fund) has closed to further investment, after reaching the self-imposed cap of $40 million.

The benchmark-unaware Fund provides its investors diversification by investing in listed microcaps, predominately outside the ASX 300.

As at 31 December 2017, the Fund had returned 22.3 percent p.a. since inception in 2011 (after fees and costs).

Hamish Wehl, Head of Retail Funds Management at Cromwell, said the Fund’s performance and quality management had been a consistent drawcard for investors.

“The Fund attracted inflows from retail investors seeking exposure to quality companies outside the main ASX indices. The investment team is highly skilled in analysing companies and finding hidden value.

“The Fund’s capacity constraint allows the Phoenix Portfolios investment team to remain nimble in the market and maintain its strategic advantage over competitors,” Mr Wehl said.

The top-performing Cromwell Phoenix Property Securities Fund recently reopened to investors for a limited time. Please contact the Cromwell Funds Management team for more information: 1300 276 693 / www.cromwell.com.au.

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The Lonsec and Zenith ‘Highly-Recommended’ Fund reopened on 29 September with additional capacity of $30 million (based on the Investment Manager’s current capacity). The Fund was last open to new investors in February 2015.

As at 31 August 2017, the Fund had returned 9.1 percent p.a. since inception in 2008 (after fees and costs), compared to the S&P/ASX 300 A-REIT Accumulation Index benchmark of 3.4 percent p.a. over the same period.

Hamish Wehl, Head of Retail Funds Management at Cromwell, said the Fund’s nine-year track record of outperformance and award-winning streak spoke for itself.

“This is a unique opportunity to access one of the top-performing property securities funds in Australia. The fund has been a consistent top performer and this reflects the skill of the Phoenix Portfolios investment team,” Mr Wehl said.

The benchmark-unaware Fund invests in ASX-listed property securities.

“The Fund is truly benchmark unaware and actively managed, as indicated by the clear variance between the Fund’s portfolio and the S&P/ASX 300 A-REIT Accumulation Index,” Mr Wehl said.

The Fund has a self-imposed FUM capacity constraint, best positioning the investment manager to outperform the benchmark.

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