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An offshore Montgomery fund?

An offshore Montgomery fund?

There is a tide in the affairs of men, which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and miseries. On such a full sea are we now afloat. And we must take the current when it serves, or lose our ventures.” William Shakespeare

At Montgomery we have received innumerable requests to launch an offshore fund. The Montgomery Global Fund, for example. This is something we have the capability to do.

Our focus for the foreseeable future however is to continue to generate the best returns possible and maintain our position as one of the top, if not the very top, equity fund manager in Australia. To achieve that goal all our skill, all our energy and all our experience must be focused on studying and understanding those companies that can be included in The Montgomery Fund and The Montgomery [Private] Fund. So for now, we have no plans to head offshore – but watch this space for future updates.

In the meantime, we are greatly encouraged by the increasing number of investors seeking to diversify their equity, geographical, and currency exposure by looking for opportunities overseas. And it seems that Skaffold is making that a lot easier now. Where once the NYSE and NASDAQ were a sea of unknown names and tickers, Skaffold provides the quality scores and valuation estimates for every stock that it covers – several thousand overseas companies are updated with the very latest financials and facts automatically and daily.

This article published in Money Management Magazine and online reveals just how many investors are interested in increasing their offshore investing activity.


Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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  1. David Sanderson

    Hi Roger,
    Would love to have the ability to invest in an International fund which is underpinned by your cautious values and philospphy.

    • Hi David,

      One day we may just provide that opportunity. In the meantime we can strongly suggest you research and seek personal professional advice on Magellan, run by my friends Hamish Douglass and Chris Mackay (Magellan Financial Group is a co investors in Montgomery Investment Management)

  2. Hi Roger, when you’re staffed up & confident on running a Global Fund I’ll be in.
    I’m pleased that you’re being careful with our money & won’t open such a fund until such time as you’re confident you have the resources to stay on top of the opportunities. Until then I’m very happy to remain with your AussieRetail fund & the current fantastic return.

  3. The key is not the size of your circle of competence, only that you stay within that circle. Sticking with Australian stocks will keep you safely in the circle.

  4. alan ferguson

    Hello Roger,

    You often comment on how relatively few Ozco’s are profitable ventures and that the vast proportion of the ASX consists of loss making companies.

    Given that your own defined mission statement is to seek out and procure value investments, why then would you choose to ignore the opportunities that present themselves within the rest of the world’s available stocks?

    To not maximize the the great capacity of Skaffold in this degree, could be construed as a disservice to your body of investors.

    Why look only at 2% of possible value investment that Australia provides, when you could find a few great bargains in the other 98%? How can you reconcile your value investment approach as having proper empirical discipline, if you pre-decide to filter your stock selections with such massive ozcentric blinkers?

    If this was a dating site Roger, you could be accused of questionable racial profiling…

    In short, if Skaffold throws up great opportunities, wherever their country of origin, why filter them out merely because of their non-Australianess?

    I support a Global Fund, and I think you should too.

    Kind Regards


    • Hi Alan,

      Its simply a resource and focus issue. Keep in mind, we can make a great deal of money for our investors from that 2%! ANd if this was RSVP I am sure I’d be accused of some form of discrimination but fortunately there’s no legislation about whom you must date.

  5. Ronald Parsons

    Very interested to hear that perhaps you might start an offshore Montgomery fund in the future.

  6. A question going the other way. Does the Montgomery fund accept overseas investors? I was thinking of investors from the UK for instance wanting to invest in Australian business using a broad based quality fund.

  7. craig.n.vicki

    Wouldn’t adding many thousands of stocks spread the team a little thin, ie less time to devote to selecting local opportunities?

  8. Roger,

    I have often wondered about this, hopefully you enter this space sooner rather than later! Quick question, I am looking to diversify into international funds via my super fund. Is there any managers or funds you recommend?

    Many thanks for all your insights and guidance! ]
    cheers, tom

    • I won’t recommend because I don’t know your needs and circumstances. I do suggest you investigate Magellan. Chris and Hamish are doing and excellent job and they follow the same philosophy – quality and value. I receive no financial benefit for suggesting you investigate them. You should know however Magellan Financial Group are a small investor in Montgomery – the ONLy Aussie boutique they have invested in

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