The Montgomery Fund celebrates its first birthday

Montgomery News and Updates | Comments (18)

The Montgomery Fund celebrates its first birthday

Launched on 17 August 2012 and designed for retail investors, The Montgomery Fund celebrated its first birthday over the weekend.

In the twelve months under review, the Montgomery Fund delivered its initial investors a return of 34.5 per cent, after all expenses, assuming reinvestment of the 30 June 2013 distribution of 7.28 cents per unit.

The Montgomery Fund’s relative out-performance against its benchmark, the S&P/ASX 300 Accumulation Index, was 12.7 per cent.

While it is early days for The Fund, Roger Montgomery and I would like to acknowledge the important contribution of Tim Kelley, Montgomery Investment Management’s Head of Research and Portfolio Manager of The Montgomery Fund. Quoting Matt Olsen, van Eyk’s Deputy CIO and Head of Manager Research from his recent review of Montgomery, where he issued an “A” rating:

“Mr Tim Kelley is an outstanding investment professional. Aside from being Dux of the MBA program at the AGSM, he has worked in highly relevant analytical and mergers acquisition roles at McKinsey and Gresham Partners. Mr Kelley brings a background in Engineering and Business to the team. He has been instrumental in the evolution of the Montgomery Portfolio Management and research process…”.

To find out about investing in The Montgomery Fund, click here.

INVEST WITH MONTGOMERY

Chief Executive Officer of Montgomery Investment Management, David Buckland has over 30 years of industry experience. David is a deeply knowledgeable and highly experienced financial services executive. Prior to joining Montgomery in 2012, David was CEO and Executive Director of Hunter Hall for 11 years, as well as a Director at JP Morgan in Sydney and London for eight years.

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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18 Comments

  1. grant.westcott.7
    :

    An excellent effort, Roger. Congratulations to you and your team. I am lagging a bit behind having only managed 29.98% return over the last year and I haven’t charged myself a fee. I do, however, suffer from getting a poor return on any AUD cash balances held in NZ – currently 0.6% (not a typo the rate is 6/10 of 1%)

    I thoroughly enjoy the process of invesing my own funds but may consider directing a percentage of my investments to your fund if you continue your outstanding performance.

  2. Avito da Costa
    :

    Truly outstanding! My SMSF thanks you!!

    I hope you’ve got a piece of Magellan Group also. Spectacular result from them too! Your value investing approaches have really proved themselves. Cheers.

  3. David Bebbington
    :

    Thank You to the Montgomery Investment Team.
    I invested last September and am enjoying the results.
    Congratulations !!!
    David B

  4. Roger Gibson
    :

    Keep up the good work. Takes the pressure off those of us trying to administer SMSF’s. I too will continue to top-up.

  5. Shezi Cooper
    :

    Congratulations Roger and the team at Montgomery Fund.

    Excellent performance and we will be investing shortly in the fund.

    Good Luck.

    Shezi Cooper.

  6. michael gee
    :

    Congratulations to you all, truly enjoyable experience being a member of your fund and all the Team’s musings and information.

  7. Peter Briggs
    :

    There is very dodgey investment advice out there, and I have been burnt by their “expertise” and became very cynical. So I tried myself ..bad move. Since I found TMF both myself and my superfund have been smiling.Congratulations guys. I’ll be with you for years to come.

  9. Brian Aitken
    :

    Congratulations, an outstanding effort by the management & team! I have been topping up my investment with you over the past 12 months & will certainly continue to do so as the funds become available.

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