Pengana Capital has celebrated the eighth anniversary of the inception of its Emerging Companies Fund, attributing its focus on management and expert knowledge of small company investment as keys to its success.
"We have a strong focus on fundamentals, particularly cash flows, which has allowed us to avoid much of the hype in recent years and navigate the fund through some of the most volatile investment markets we have seen in our lifetime," fund co-manager Steve Black said.
"By staying small and nimble in this inefficient end of the market we have been able to generate strong relative returns for investors on a consistent and repeatable basis," added co-manager Ed Prendergast.
According to a statement released by Pengana, the fund has delivered investors 12.7 per cent per annum after fees, outperforming the S&P/ASX Small Ordinaries Accumulation Index by 9.0 per cent per annum and the S&P/ASX Small Industrials Accumulation Index by 10.6 per cent per annum.
The fund has been ranked by Mercer as "number one in performance" over its eight-year lifetime.
