Monthly Update – September 2019Download here
What’s happening in Small Caps?
Scheme Financial StatementsDownload here
Under The Radar Report (Issue 363)
Frank Villante speaks to Under the Radar on small caps and what makes a successful investor.
Celeste upgraded in the latest FE/Fundinfo Crown Ratings
The Celeste Australian Australian Small Companies Fund has been upgraded from two Crowns in February to five Crowns.
Five Crowns were awarded to funds which were in the top 10% based on alpha, volatility and consistently strong performance. In total, there were 17 funds in this sector awarded a five Crown rating.
Paul Biddle, portfolio manager of the Celeste Australian Small Companies fund, said: “We tend to stick to our knitting and invest in good quality, strong business franchises with clean accounting.
“Our broad investment process hasn’t changed over the three years, we run a concentrated portfolio with 30-35 stocks which has proven to be a value-add strategy in the long term.”
He said there were opportunities in small-cap stocks more so than large caps as they were less covered by analysts.
“If you can find those small-cap companies that can grow into big companies then you can make big gains. But you have to have a disciplined process to make sure you avoid those companies that disappear or those which are too complex. There are a lot more pitfalls,” he said.
Monthly Update – August 2019Download here
Strategic partnership with Zurich Life & Investments
The team at Celeste are looking forward to building a mutually beneficial partnership with Zurich Investments to grow the Celeste Australian Small Companies Fund, delivering absolute and relative long-term tax effective returns from a portfolio of quality small companies.
AFR: A tough time for small cap investors may get tougher
Frank Villante speaks to the Patrick Commins about the tech trade and the upcoming reporting season.
Monthly Update – July 2019Download here
Stock insight – keeping it in the familyDownload here