New Zealand based Pie Funds may be small and relatively unknown, but the fund manager’s portfolios have delivered some truly impressive performance over recent years.
|Fund||Annualised Performance since inception & inception date||Index|
|Pie Growth Fund||20% (Dec 2007)||-8.6% (Small Ords)|
|Pie Emerging Fund||36.9% (April 2013)||-6.8%|
|Pie Dividend Fund||19.5% (Sept 2011)||-2%|
Source: Pie Funds fact sheets
Those are truly astonishing figures over decent periods, particularly for the Growth Fund and performance is after the manager has taken out its fees.
The portfolio managers and analysts have a strong track record, and it can pay for investors like us to follow in their footsteps. There’s no award for originality in the stock market – only performance counts.
Thanks to the recent ructions on the ASX and the NZ Stock Exchange, Pie Funds dived into the market, adding new stakes and topping up on existing companies.
Here a list of the 12 companies they recently jumped into…
|Company||Brief Description||Current share price|
|Eureka Group Holdings Ltd (ASX: EGH)||Seniors accommodation and retirement villages||$0.47|
|Altium Limited (ASX: ALU)||Software||$4.28|
|IPH Ltd (ASX: IPH)||Intellectual property||$5.85|
|iSentia Group Ltd (ASX: ISD)||Company media monitoring service||$3.46|
|Dicker Data Ltd (ASX: DDR)||IT software & product distributor||$1.85|
|Rhipe Ltd (ASX: RHP)||IT consultant and cloud solutions||$1.39|
|Surfstitch Group Ltd (ASX: SRF)||Online surf, skate and ski retailer||$1.70|
|Aveo Group (ASX: AOG)||Retirement villages||$2.62|
|Trilogy International Ltd (NZE: TIL)||Frangrance, body care and skin care manufacturer and wholesaler||NZ$1.35|
|Covata Ltd (ASX: CVT)||IT security||$0.315|
|Kip McGrath Education Centres Limited (ASX: KME)||Student education||$0.38|
|Cover-More Group Ltd (ASX: CVO)||Travel insurance||$2.32|
Source: Pie Funds September newsletter
Investors like you and I can learn a lot from the smaller active fund managers that are outperforming the market on a consistent basis. It can pay to subscribe to their regular newsletters for stock ideas as well as commentary on stocks in there portfolio.
Now Pie Funds don’t get everything right. An investment in Titan Energy Services Ltd (ASX: TTN) blew up in their face, but that appears to have been one of their few mistakes.
With a vast majority of the companies held in Pie Funds’ portfolios forecasting positive results in the year ahead, now might be a good time to take a closer look at the companies listed above.
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Motley Fool contributor Mike King owns shares in iSentia and Kip McGrath. You can follow Mike on Twitter @TMFKinga
The Motley Fool Australia has a position in Altium. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.