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October 2019
Important Information:
This webinar contains information specifically intended for institutional clients, asset consultants, advisers, platforms and researchers, who are professional investors and wholesale clients (as defined in the Corporations Act 2001).
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Media Release: 9 October 2019
Channel Capital and Bell Asset Management announce strategic distribution partnership.
Channel Capital, a multi-boutique investment services company, has entered into a strategic distribution partnership with Bell Asset Management, a specialist global equities asset management firm.
With A$2.4 billion assets under management as at 31 August 2019, Bell Asset Management is a specialist global equities investment manager focused on delivering long term growth through active management of global equities. Headquartered in Melbourne, Bell Asset Management provides long only fundamental/bottom up global equity solutions to a diversified investor base, including institutional and wholesale/sophisticated clients as well as financial advisers.
The distribution partnership is focused on driving engagement with research houses, financial advisers and wholesale/sophisticated investors nationally, for its flagship global equity investment strategy (Bell Global Equities Fund) and its global small and mid-cap strategy (Bell Global Emerging Companies Fund).
Ned Bell, Chief Investment Officer, Bell Asset Management said “We selected Channel Capital for its strategic capabilities and success in building long term relationships with investors, as well as its strong partnerships with its investment manager partners.”
Channel Capital’s Managing Director, Glen Holding said “After extensive due diligence in the global equity sector we are pleased to have partnered with a highly regarded investment manager that has achieved top quartile returns in both its global equities and small to mid-cap peer groups, especially over the last few years[1]. The Bell Asset Management investment process, active returns, talented investment team and domestic and offshore institutional investor support, are qualities that highly align with the value proposition we seek in our partners. In addition, with ‘growth’ and ‘value’ offerings being quite overcrowded, we are of the view that the Bell Asset Management ‘quality at a reasonable price’ process that has delivered world class numbers to investors to date, will have a distinct role to play in our clients’ portfolios.”
For the year to 31 August 2019, the Bell Global Equities Fund (Platform) (which invests in a globally diversified portfolio of shares) delivered a return of 14.22% and outperformed its benchmark MSCI World ex Australia Index by 6.65% and the Bell Global Emerging Companies Fund (which invests in a globally diversified portfolio of small and mid-cap companies) returned 10.07% and outperformed the benchmark MSCI World SMID Index by 8.99%, net of fees.
Both strategies are managed by Chief Investment Officer Ned Bell, and Co-Portfolio Manager Adrian Martuccio. The Bell Global Equities Fund (Platform) and the Bell Global Emerging Companies Fund have received a ‘recommended’ rating by Zenith Investment Partners, are also rated by Lonsec, and are available on a range of leading platforms.
[1] *Source: eVestment as at 30 June 2019, Performance is for the strategy/composite and not at the Fund level and gross of fees, in USD.
-End-
Background Information
About Bell Asset Management
Bell Asset Management is a global equity specialist and has been managing and researching companies since 1 January 2003 under the leadership of Chief Investment Officer Ned Bell and his investment team. Bell Asset Management aims to deliver consistent performance outcomes and provide superior service to its clients. The experienced and stable team has a collective and transparent decision-making process, with a track record of over 16 years successfully managing global equities.
Investment Philosophy
Bell Asset Management’s approach to investing in global equities is based on the firm belief that a portfolio of very high quality businesses will deliver above average returns over the medium to long term. The investment team seeks to identify superior companies with sustainable competitive advantages and an ability to consistently generate above average returns on capital. Broadly speaking, they invest in companies based on their investment merit as determined by their prospects, quality and valuations.
The investment team employs a “bottom-up” stock selection approach to investing in global equities. We consider the MSCI Developed and Emerging Markets as our starting universe and then methodically shrink our potential investment universe by applying strict quantitative criteria. Over time we have found that this approach has had the dual benefit of:
a) eliminating poor quality companies from investment consideration, and
b) focusing our research efforts on a smaller and higher quality universe of companies.
The investment team undertakes extensive company research across the globe. Over the past 4 years, they have conducted over 1,500 company meetings, and have generated over 10,000 company research posts on its internal research database.
More information can be found at www.bellasset.com.au
About Channel Capital
Channel Capital provides investment management infrastructure and services, including acting as a trustee and manager of a number of Australian managed investment schemes through its subsidiary Channel Investment Management Limited, and selectively distributes best-in-class domestic and global specialist investment management solutions. Channel Capital has a flexible operating model which enables it to design individual solutions for each of its partners, and the company has forged strategic partnerships with Australian and international fund managers across a range of different asset classes including Australian and global securities, alternative investments and fixed interest securities.
More information can be found at www.channelcapital.com.au
Bell Global Equities Fund ARSN 096 281 300 and Bell Global Emerging Companies Fund ARSN 160 079 541 (together ‘the Funds’). Responsible Entity and Investment Manager: Bell Asset Management Limited ACN 092 278 647 AFSL 231091 (BAM). Distribution by Channel Capital Pty Ltd ACN 162 591 568 AR No. 001274413 (Channel). Neither BAM nor Channel warrant the accuracy, reliability or completeness of the information. This communication is general information only and has been prepared without taking into account your particular investment objectives, financial situation or needs. The value of an investment can rise and fall and past performance is not indicative of future performance. An investor should, before making any investment decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. Applications to invest will only be accepted if made on a valid application form. For further information and before investing, please read the product disclosure document (PDS) which is available from www.bellasset.com.au.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned 28 November 2018) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines
The Lonsec Rating (assigned 21 March 2019) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Bell Asset Management’s product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: https://www.lonsec.com.au/financial-adviser/investment-product-ratings/
Media Release: 9 October 2019
Channel Capital and Bell Asset Management announce strategic distribution partnership.
Channel Capital, a multi-boutique investment services company, has entered into a strategic distribution partnership with Bell Asset Management, a specialist global equities asset management firm.
With A$2.4 billion assets under management as at 31 August 2019, Bell Asset Management is a specialist global equities investment manager focused on delivering long term growth through active management of global equities. Headquartered in Melbourne, Bell Asset Management provides long only fundamental/bottom up global equity solutions to a diversified investor base, including institutional and wholesale/sophisticated clients as well as financial advisers.
The distribution partnership is focused on driving engagement with research houses, financial advisers and wholesale/sophisticated investors nationally, for its flagship global equity investment strategy (Bell Global Equities Fund) and its global small and mid-cap strategy (Bell Global Emerging Companies Fund).
Ned Bell, Chief Investment Officer, Bell Asset Management said “We selected Channel Capital for its strategic capabilities and success in building long term relationships with investors, as well as its strong partnerships with its investment manager partners.”
Channel Capital’s Managing Director, Glen Holding said “After extensive due diligence in the global equity sector we are pleased to have partnered with a highly regarded investment manager that has achieved top quartile returns in both its global equities and small to mid-cap peer groups, especially over the last few years[1]. The Bell Asset Management investment process, active returns, talented investment team and domestic and offshore institutional investor support, are qualities that highly align with the value proposition we seek in our partners. In addition, with ‘growth’ and ‘value’ offerings being quite overcrowded, we are of the view that the Bell Asset Management ‘quality at a reasonable price’ process that has delivered world class numbers to investors to date, will have a distinct role to play in our clients’ portfolios.”
For the year to 31 August 2019, the Bell Global Equities Fund (Platform) (which invests in a globally diversified portfolio of shares) delivered a return of 14.22% and outperformed its benchmark MSCI World ex Australia Index by 6.65% and the Bell Global Emerging Companies Fund (which invests in a globally diversified portfolio of small and mid-cap companies) returned 10.07% and outperformed the benchmark MSCI World SMID Index by 8.99%, net of fees.
Both strategies are managed by Chief Investment Officer Ned Bell, and Co-Portfolio Manager Adrian Martuccio. The Bell Global Equities Fund (Platform) and the Bell Global Emerging Companies Fund have received a ‘recommended’ rating by Zenith Investment Partners, are also rated by Lonsec, and are available on a range of leading platforms.
[1] *Source: eVestment as at 30 June 2019, Performance is for the strategy/composite and not at the Fund level and gross of fees, in USD.
-End-
Background Information
About Bell Asset Management
Bell Asset Management is a global equity specialist and has been managing and researching companies since 1 January 2003 under the leadership of Chief Investment Officer Ned Bell and his investment team. Bell Asset Management aims to deliver consistent performance outcomes and provide superior service to its clients. The experienced and stable team has a collective and transparent decision-making process, with a track record of over 16 years successfully managing global equities.
Investment Philosophy
Bell Asset Management’s approach to investing in global equities is based on the firm belief that a portfolio of very high quality businesses will deliver above average returns over the medium to long term. The investment team seeks to identify superior companies with sustainable competitive advantages and an ability to consistently generate above average returns on capital. Broadly speaking, they invest in companies based on their investment merit as determined by their prospects, quality and valuations.
The investment team employs a “bottom-up” stock selection approach to investing in global equities. We consider the MSCI Developed and Emerging Markets as our starting universe and then methodically shrink our potential investment universe by applying strict quantitative criteria. Over time we have found that this approach has had the dual benefit of:
a) eliminating poor quality companies from investment consideration, and
b) focusing our research efforts on a smaller and higher quality universe of companies.
The investment team undertakes extensive company research across the globe. Over the past 4 years, they have conducted over 1,500 company meetings, and have generated over 10,000 company research posts on its internal research database.
More information can be found at www.bellasset.com.au
About Channel Capital
Channel Capital provides investment management infrastructure and services, including acting as a trustee and manager of a number of Australian managed investment schemes through its subsidiary Channel Investment Management Limited, and selectively distributes best-in-class domestic and global specialist investment management solutions. Channel Capital has a flexible operating model which enables it to design individual solutions for each of its partners, and the company has forged strategic partnerships with Australian and international fund managers across a range of different asset classes including Australian and global securities, alternative investments and fixed interest securities.
More information can be found at www.channelcapital.com.au
Bell Global Equities Fund ARSN 096 281 300 and Bell Global Emerging Companies Fund ARSN 160 079 541 (together ‘the Funds’). Responsible Entity and Investment Manager: Bell Asset Management Limited ACN 092 278 647 AFSL 231091 (BAM). Distribution by Channel Capital Pty Ltd ACN 162 591 568 AR No. 001274413 (Channel). Neither BAM nor Channel warrant the accuracy, reliability or completeness of the information. This communication is general information only and has been prepared without taking into account your particular investment objectives, financial situation or needs. The value of an investment can rise and fall and past performance is not indicative of future performance. An investor should, before making any investment decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. Applications to invest will only be accepted if made on a valid application form. For further information and before investing, please read the product disclosure document (PDS) which is available from www.bellasset.com.au.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned 28 November 2018) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines
The Lonsec Rating (assigned 21 March 2019) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Bell Asset Management’s product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: https://www.lonsec.com.au/financial-adviser/investment-product-ratings/
