Lakehouse Small Fund Companies. https://www.morningstar.com.au/Funds/FundReport/41682
Lakehouse Global Growth Fund.https://www.morningstar.com.au/Funds/FundReport/42097
We’re delighted to announce that both Lakehouse funds have ranked #1 for performance over one year.
It’s rare that the same Portfolio Manager achieves a dual #1 ranking while concurrently managing two strategies.
What makes this highly unusual, though, is that it’s been achieved investing across two different types of strategies (small-caps as well as mid- and large-caps) and across different geographies (domestic and global).
Two months ago, we announced we’d reached a milestone of achieving a concurrent #1 ranking, and we’re thrilled to announce that it’s happened again.
Now, we are the first to say that past performance is not indicative of future returns and that Lakehouse Capital is still young and building up its track record. Still, while early days in the grand scheme of things, we are pleased with the early progress towards our ultimate goal of long-term outperformance for both funds.
As revealed in the May 2019 monthly letter, the Lakehouse Small Companies Fund has returned 83.5% net of fees and expenses since inception in November 2016 compared to 32.2% for its benchmark, the S&P/ASX Small Ordinaries Accumulation Index.
Discussed further in the May 2019 monthly letter, the Lakehouse Global Growth Fund has returned 29.2% net of fees and expenses since inception in December 2017 compared to 10.0% for its benchmark, the MSCI All Country World Index Net Total Returns (AUD).
Why invest in small-caps? Why go global?
The simple reality is that both strategies have much more potential upside than the slow-growing large companies that dominate local headlines. Small-cap companies are a good deal faster-growing, and going global unlocks 98% of the world’s equity market value that is listed outside Australia, including everyday household names and the world’s most dominant, valuable technology companies.
To invest in the Lakehouse Small Companies Fund, the Lakehouse Global Growth Fund (or both!), please click the button below:
Investors should read and consider the relevant Product Disclosure Statement (PDS) — and seek their own professional advice — prior to making an investment in either Fund.
As ever, thank you for your time and trust.
The Lakehouse Capital team
Lakehouse Small Companies Fund (ARSN 615 265 864) Lakehouse Global Growth Fund (ARSN 621 899 367) (Funds). The responsible entity for the Fund is One Managed Investment Funds Limited (ACN 117 400 987) (AFSL 297042). The funds are available in Australia and New Zealand. The information included in this message has been prepared without taking account of the reader’s objectives, financial situation or needs. All of the commentary, statements of opinion and recommendations contain only general advice. Any person reading this message should, before deciding to invest in either Fund, read the product disclosure statement and seek professional advice.