AFR: Value vs growth investing: proceed with caution

December 4, 2018 5:06 am

Stewart Oldfield reports in the AFR on the current dynamic between value and growth investing, picking up the recent quarterly stock insight written by Martin Byers.

Celeste Funds Management is often described as a value manager but it argues growth or value labels are less important than seeking share price outperformance regardless of investment style.

The fund manager recently highlighted investment platform business Netwealth as a stock often described as an expensive market darling but which it believes is likely to outperform over time.

Full article: https://www.afr.com/personal-finance/shares/value-vs-growth-investing-proceed-with-caution-20181114-h17wlg

This communication has been issued by Celeste Funds Management Limited (ABN 78 098 628 605; AFSL 222 445) which is authorised to provide financial services to wholesale clients. The content of this communication is factual information only and is not to be construed as financial product advice. The Trust Company (RE Services) Limited (ABN 45 003 278 831, AFSL 235 150) (Perpetual) is the Responsible Entity of and issuer of units in the Celeste Australian Small Companies Fund (Fund). Retail clients can invest in units of the Fund issued by Perpetual. Perpetual is authorised to deal with retail clients and a product disclosure statement (PDS) issued by Perpetual is available for the Fund at https://www.celestefunds.com.au/wp-content/uploads/2022/09/CASCF-PDS.pdf. You should obtain and consider the PDS as well as the the Fund’s Target Market Determination (https://documents.feprecisionplus.com/tmd/PCT/TMD/N8Z8-FAM0101AU.pdf) before deciding whether to acquire, or continue to hold, an interest in the Fund.