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Evans & Partners Global Disruption Fund

Fund Manager: Walsh & Co
Inception Date: Aug 02, 2017

This is a guest post from Steve Green. Steve is a full-time investor with a focus on LICs, event-driven and activist investing. You can follow some of his ideas at his investment blog at Author’s note: In compiling this article I have used data as at 25th April, 2018. Recently I was checking out Morphic Ethical Equities Fund (MEC) and observed how fickle the premium / discount to NTA can behave. It is almost one year since listing and this type of pat ... [More]

Evans & Partners disruption fund oversubscribed

The Australian - Aug 02, 2017

Boutique wealth management group Evans & Partners has raised almost $20 million more than its most bullish forecasts for its new Global Disruption Fund, which will list on the Australian Securities Exchange today. The raising for the technology-focused listed investment company closed at a larger than expected $168m, above the $150m maximum, after Evans took oversubscriptions from its own client base, its recently formed Evans-Dixon Advisory network and some third parties. Its units have been issued at $1.60. “It was a very successful raising process and we will now look to deploy the funds over the course of the next month,’’ said Evans chairman David Evans. [More]

The top stock picker for Evans and Partners new global disruption fund says that high-priced US technology stocks are a far better bet than comparable Australian businesses and were even more attractive now following the recent US sell-off. Evans & Partners senior research analyst Raymond Tong, a former analyst with Goldman Sachs, said that despite the multi-year run in the big five US tech stocks that the fundamentals looked good and the growth outlook remained strong. "Google is trading on a price to earnings ratio of 22 times and has consensus growth forecasts of around 20 per cent. Compare that to REA Group at 29 times or Carsales at 21 with forecast growth of 10 per cent," Mr Tong said. [More]

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