Zenith rates Warakirri’s Australian Equities Funds "Recommended"

01 July 2021

Zenith Investment Partners has initiated coverage of the Warakirri Ethical Australian Equities Fund and Warakirri Concentrated Australian Equities Fund issuing both a “Recommended” rating.

The Funds, who’s underlying investment manager is Northcape Capital (Northcape), provide investors with access to a benchmark unaware, quality-biased Australian equities exposure, investing in companies with sustainable growth profiles at relatively attractive valuations.

Zenith’s conviction in the Fund’s is underpinned by Northcape’s investment process, which has been successfully implemented since 2005. “We consider the team’s collective experience to be a key strength relative to peers” the ratings agency said.

The Warakirri Ethical Australian Equities Fund offers a diversified selection of 25-40 stocks and incorporates an independent and proprietary ethical overlay applied by Warakirri. The Fund seeks to invest in companies that operate sustainable businesses that exhibit sound Environmental, Social and Governance practices and in addition, will not invest in companies that have significant business operations in alcohol, armaments, gaming, obesity, tobacco, thermal coal and coal seam gas.

The Warakirri Concentrated Australian Equities Fund provides access to a more concentrated portfolio consisting of the manager’s best ideas, typically holding between 15-30 stocks.

Zenith has assigned both funds a Responsible Investment Classification of Integrated.