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Montgomery Investment Management unveiled the second fund to come out of its partnership with Aura Group, the Aura Core Income Fund.

Montgomery chair Roger Montgomery said “I am delighted Montgomery Investment Management can now offer a high-quality income solution for our retail clients and investors in partnership with Aura Credit Holdings working with Brett Craig, the portfolio manager.”

Read the article in full:
Chloe Walker: Montgomery, Aura Group launch new income fund

Disclaimer  

Find out more about the Aura Private Credit Funds  

You should read the relevant Product Disclosure Statement (PDS) or Information Memorandum (IM) before deciding to acquire any investment products.  

Past performance is not an indicator of future performance. Returns are not guaranteed and so the value of an investment may rise or fall.  

This information is provided by Montgomery Investment Management Pty Ltd (ACN 139 161 701 | AFSL 354564) (Montgomery) as authorised distributor of the Aura Core Income Fund (ARSN 658 462 652) (Fund). As authorised distributor, Montgomery is entitled to earn distribution fees paid by the investment manager and may be issued equity in the investment manager or entities associated with the investment manager.  

The Aura Core Income Fund (ARSN 658 462 652)(Fund) is issued by One Managed Investment Funds Limited (ACN 117 400 987 | AFSL 297042) (OMIFL) as responsible entity for the Fund. Aura Credit Holdings Pty Ltd (ACN 656 261 200) (ACH) is the investment manager of the Fund and operates as a Corporate Authorised Representative (CAR 1297296) of Aura Capital Pty Ltd (ACN 143 700 887 | AFSL 366230).   

You should obtain and carefully consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the Aura Core Income Fund before making any decision about whether to acquire or continue to hold an interest in the Fund. Applications for units in the Fund can only be made through the online application form. The PDS, TMD, continuous disclosure notices and relevant application form may be obtained from www.oneinvestment.com.au/auracoreincomefund or from Montgomery.  

The Aura Private Credit Income Fund is an unregistered managed investment scheme for wholesale clients only and is issued under an Information Memorandum by Aura Funds Management Pty Ltd (ABN 96 607 158 814, Authorised Representative No. 1233893 of Aura Capital Pty Ltd AFSL No. 366 230, ABN 48 143 700 887).  

Any financial product advice given is of a general nature only. The information has been provided without taking into account the investment objectives, financial situation or needs of any particular investor. Therefore, before acting on the information contained in this report you should seek professional advice and consider whether the information is appropriate in light of your objectives, financial situation and needs.    

Montgomery, ACH and OMIFL do not guarantee the performance of the Fund, the repayment of any capital or any rate of return. Investing in any financial product is subject to investment risk including possible loss. Past performance is not a reliable indicator of future performance. Information in this report may be based on information provided by third parties that may not have been verified.  

by Roger Montgomery Posted in In the Press.

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Australia’s largest companies rebounded strongly after two years of pandemic interruption, achieving a 56.3 per cent uplift in aggregate statutory profits over FY22.

Speaking to the Inside Investor, Roger Montgomery said there was no shortage of themes impacting earnings this year including inventory build for retailers, COVID-19 impacts, floods off the east coast, interest rate hikes, supply-chain constraints, war in Ukraine, labour shortages and soaring inflation.

Interestingly, aggregate cash levels fell from the highs reached in February. Part of this is explained by outflows for dividends declared in 2021, but it also highlights the aforementioned cost pressures including payments for additional inventory and higher costs for staff absenteeism. Subsequently, 27 per cent of businesses cut dividends, above the historic average.

Commenting on earnings season, Montgomery said results were “roughly in line” with his expectations.

Read the article in full:
Earnings season: ASX profits boomed by 56pc

by Roger Montgomery Posted in In the Press.

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With earnings season over, it’s a good time to look at the winners, the losers, and the themes affecting investors. But markets are forward-looking, and as the free money era rolls over, investors are cautious on the outlook. Roger Montgomery talks to Sean Aylmer on this episode of Fear and Greed discussing what it all means for investors. 

by Roger Montgomery Posted in Podcast Channel.

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David Thornton interviews Roger Montgomery on Flight Centre’s recent results. The result shows the ongoing impact that COVID has had on the travel sector with the business reporting a loss of $287.2 million for the year ended June 30 from the previous year’s $433.5 million shortfall. Roger discusses more of the result and also whether he would  buy, hold or sell Flight Centre. Read: The travel stock flying into unknown territory.

by Roger Montgomery Posted in On the Internet.

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Jamie Williamson published an article in Financial Standard discussing Montgomery’s new partnership. Sean Sequeira from Australian Eagle says “We’re a great fit with Montgomery and are delighted to be entering into our partnership. Montgomery enjoys deep investor and industry relationships, expertise in managing funds which are available to retail investors and a trusted brand that has been well earned through its long-term focus on meeting clients’ needs.” Read here. 

by Roger Montgomery Posted in On the Internet.

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Jon Bragg published an article in Investor Daily discussing Montgomery’s and Australian Eagles new partnership. The partnership, which will commence on 12 September, will see Australian Eagle’s six-person team, led by CIO Sean Sequeira and senior portfolio manager Alan Kwan, managing Montgomery’s Australian domestic large-cap equities portfolios. Read here. 

by Roger Montgomery Posted in On the Internet.

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Laura Dew published an article in Money Management discussing Montgomery’s update to have Australian Eagle Asset Management join the Montgomery team under a sub-investment manager partnership. Read here. 

by Roger Montgomery Posted in On the Internet.

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In this video for Ausbiz Roger questions whether the recent market bounce has any resilience? Roger believes the reason for the jump is that most investors believe inflation has peaked. While interest rates may go up this year, they may be cut next year. Watch: Does the bounce have any resilience?

by Roger Montgomery Posted in TV Appearances.

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In this article for Livewire Roger answers whether he would buy, hold or sell Magellan shares.  It’s probably no surprise the Magellan Financial Group’s (ASX:MFG) management team are the first to admit it has been a “difficult year” filled with “significant challenges” that have seen its share price plunge more than 65 per cent over the past year. Read here. 

by Roger Montgomery Posted in On the Internet.

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Are demergers a value opportunity for shareholders? There has been no shortage of recent demerger examples to analyse in Australia with Tabcorp Holdings Ltd (ASX: TAH) spinning off The Lottery Corporation (ASX: TLC) and Woolworths Group (ASX: WOW) and Endeavour Group Ltd (ASX: EDV). There is a veritable mountain of research analysing equity performance post the demerger announcement. So do they actually add value for investors? I cover demergers and the risks in this piece for the ASX. Read here. 

by Roger Montgomery Posted in On the Internet.

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