Broaden your exposure to international markets with the potential for consistent returns and reduced risk

At a Glance

International shares offer an enormous range of opportunities, including exposure to fast-growing companies, sectors and economies, and greater opportunities for diversification.

The Ellerston Global Equity Managers Fund is designed to take advantage of these opportunities while generating consistent returns across market cycles with a focus on risk and capital preservation.

Our Strategy

The Global Equity Managers Fund features a specially developed long–short strategy. We take long positions in undervalued stocks to increase the potential for profit, while using short positions in companies or market indices we feel are overvalued to minimise market exposure. Depending on market conditions, we may also use cash and cash-like investments to protect capital.

Our investment team uses a distinctively contrarian high conviction, absolute return approach with a focus on disciplined ‘bottom up’ stock selection based on rigorous fundamental analysis. This is overlayed with our ‘top down’ assessment of macroeconomic conditions and the market outlook.

Individual security analysis is qualitative, focussing on management, strategy and factors affecting the business, industry and quantitative focusing on areas such as earnings, cash flow, liquidity, capital structure and balance sheet strength.

The result is a unique investment strategy designed to generate superior returns over the long term and minimise risk.

Key Benefits

  • Flexible global exposure: The fund has a bias toward Australia, with opportunistic allocations to the United States, Europe and Asia.
  • Distinctively contrarian approach: we take advantage of the short coming of markets and the inefficiencies which can be exploited, especially the frequent disconnect between short term results and long term earnings potential.
  • Greater protection in uncertain markets with lower volatility: the absolute return focus means that we can act quickly when circumstances change and adjust market exposure to reduce risk and achieve our main objective of consistent returns across market cycles.
  • A team you can trust: access to Ellerston Capital’s experienced investment specialists and disciplined investment approach.

Invest with Ellerston Capital

To find out more, contact Ellerston today.

Phone: (02) 9021 7797


DISCLAIMER: Ellerston Capital Limited ABN 34 110 397 674 AFSL 283000 is the responsible entity and issuer of units in the Ellerston Global Equity Managers Fund ARSN 118 887 095. Any information is general and does not take into account your personal objectives, financial situation or needs. Accordingly you should consider the Product Disclosure Statement before deciding whether to acquire or continue to hold units in the Fund available from this website or by contacting us on 9021 7797.Please be advised that the Ellerston Global Equity Managers Fund Class C is currently the only class open for investment.
As at 31 May 2017 1 Month % 3 Months % FYTD % 1 Year % 3 Years p.a % 5 Years p.a % Strategy/Class Since Inception p.a %
GEMS A Net -1.69% -0.82% 1.00% -0.59% 14.64% 14.34% 12.81%
GEMS B Net -1.69% -0.82% 1.00% -0.60% 14.62% 14.07% 12.62%
GEMS C Net -1.69% -0.82% 1.03% -0.57% 14.64% 13.84% 11.51%

*Since strategy inception for GEMS A and GEMS B is 1 January 2002.

^ Since class inception for GEMS C is 1 December 2009

The returns of the funds are net of taxes, fee and expenses and assuming distributions are reinvested.

For the period 1 January 2002 to 30 April 2006, the CPH Group GEMS Portfolio was not operated within a separate fund structure. The underlying investment assets of the CPH Group GEMS Portfolio were owned during that time within corporate entities of the CPH Group for which audited accounts were prepared on an annual basis. Accordingly, in order to provide relevant historical performance information for the period 1 January 2002 to 30 April 2006 (Historical Returns) net returns were calculated on the basis of the actual dollar returns of the CPH Group GEMS Portfolio adjusted to reflect a fund structure similar to the Fund and including all fees. The returns of the Fund and the relevant Indices are net of fees, expenses and taxes and assuming distributions are reinvested.

The date of demerger of the Ellerston GEMS Fund was 2 November 2009, Investors were allocated GEM B units which represented 94.3% of the Ellerston GEMS Fund.

DISCLAIMER: The performance figures presented are for the Ellerston Global Equity Managers Fund. The one month return figure may be an estimate and not the final return. This estimate also impacts other performance information provided. Estimated performance figures (where indicated) are preliminary and subject to change. Returns for other classes may differ slightly. Past performance is not indicative of future performance. Ellerston Capital Limited ABN 34 110 397 674 AFSL 283 000 is the responsible entity of all the Ellerston Funds listed in the table above. The information supplied above has been prepared by Ellerston Capital Limited without taking account of the objectives, financial situation or needs of investors. Before making an investment decision about any Fund persons should obtain advice from an appropriate financial adviser, consider their own individual circumstances and obtain a copy of the relevant Product Disclosure Statement for the Fund which is available on this website. This material has been prepared based on information believed to be accurate at the time of publication. Assumptions and estimates may have been made which may prove not to be accurate. Ellerston Capital undertakes no responsibility to correct any such inaccuracy. Subsequent changes in circumstances may occur at any time and may impact the accuracy of the information. To the full extent permitted by law, none of Ellerston Capital Limited, or any member of the Ellerston Capital Limited Group of companies makes any warranty as to the accuracy or completeness of the information in this website and disclaims all liability that may arise due to any information contained in this website being inaccurate, unreliable or incomplete.