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Treasury launches first Aubrey fund

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By Reporter
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2 minute read

Boutique incubator Treasury Group has launched its first local fund from global equities boutique Aubrey Capital Management.

The Aubrey Global Conviction Fund is a global equity growth fund, with a highly concentrated portfolio of 40-50 international investments.

Treasury Group managing director Mark Burgess said that in a global environment where economic growth was likely to be moderate, growth-style investing could add significant value to portfolio returns and complement other global investment styles.

"Aubrey, by focusing on companies, sectors and economies that it believes will grow faster than GDP (gross domestic product), is seeking to generate returns higher than underlying economic growth. This will be increasingly important for investments in a moderate return environment," Burgess said.

"With market volatility continuing around the globe, Treasury Group believes that an active approach to investing is what is required to generate above average but risk-controlled returns."

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He said the fund was attracting strong interest from multi-manager funds as well as a number of dealer group clients.

"These parties have expressed a real interest in a genuinely differentiated offering such as Aubrey's. We have also begun working with research houses and expect to receive the first Australian rating later this year," he said.