Female ASX investors are increasingly making their mark in the traditionally male-dominated fund management world. Women bring a unique perspective and strategy to their portfolios. According to a recent Goldman Sachs study, funds managed by women or gender-mixed teams outperformed those managed exclusively by men.
With a knack for identifying stocks that deliver value on multiple fronts, female ASX investors are setting new standards of investment excellence. Here we dive into four S&P/ASX 300 Index (ASX: XKO) shares in top female fund managers' portfolios.
Value-based investing delivers for Allfrey
Catherine Allfrey is a director and portfolio manager at Wavestone Capital, which she co-founded in 2006. Her investment approach seeks "quality companies with a sustainable competitive advantage at a reasonable price." Allfrey doesn't invest in companies that aren't profitable and favours a value-oriented approach. Her portfolio includes CSL Ltd (ASX: CSL) and Resmed CDI (ASX: RMD).
CSL is a leading biotechnology company that serves patients in more than 60 countries. It is particularly renowned for its work in plasma-derived and recombinant therapeutic products. Having delivered a 13% increase in Net Profit After Tax (NPAT) in 1H24, CSL is expecting revenue growth of 9% – 11% this financial year.
Resmed develops and manufactures medical devices for the treatment and management of respiratory disorders. Its range includes cloud-connected digital health solutions such as CPAP machines and ventilators. Resmed reported year-on-year revenue growth of 12% in 2Q24. The company plans to lean into the expansion of the large and growing sleep and breathing health markets.
Conviction brings long-term gains for Liu
Jun Bei Liu is the Portfolio Manager of Tribeca's Alpha Plus fund. She employs a high conviction approach to investing that emphasises taking a longer-term view. Her portfolio includes Pro Medicus Limited (ASX: PME) and Temple & Webster Group Ltd (ASX: TPW).
Pro Medicus services the medical imaging industry, providing sophisticated software that enables doctors to interpret medical images remotely and in real-time. Pro Medicus reported 1H24 was the most successful in its history. Revenue was up more than 30% as the company looked to expand its presence in key markets.
Temple & Webster Group is an online furniture and home decor retailer offering a vast range of products. The company leverages technology to offer a personalised shopping experience with an extensive selection from local and international suppliers. Temple & Webster reported a 31% increase in 1H24 revenue driven by growth in both repeat and first-time customers. On track to reach $1 billion-plus in 3-5 years, Temple & Webster's FY24/25 days will be focused on high growth and market share gains.
Foolish takeaway
Female investors are not only achieving high returns but changing the way fund managers invest in the ASX and beyond. Their insightful investment choices and success stories serve as a testament to the power of the female perspective.
