Lonsec upgrades the PAN-Tribal Global Equity Fund

Lonsec upgrades the PAN-Tribal Global Equity Fund

As a result of Lonsec’s in-depth Global Equity review process, it has upgraded its rating of the Pan-Tribal Global Equity Fund.

Lonsec’s research report noted:

“Lonsec believes the Manager has a strong investment philosophy underlying its investment process, based around finding durable businesses with expanding earnings and investing in them at ‘value’ prices for the long term. That this has remained consistent since the firm started in 1969 through a number of market cycles is also viewed positively.”

Prior to appointing Davis Advisors to manage the Fund, one of the Davis principles that particularly resonated with Pan-Tribal CEO Colin Woods was its commitment to co-investment. The Lonsec report picked up on this approach and commented: “The Davis family also has substantial money invested in its Funds. Lonsec views this positively and believes it has helped the Manager maintain a strong investment culture, which has exhibited a good balance between being a supportive environment while also being performance driven.”

On Danton Goei, portfolio manager of the Fund, Lonsec notes, “He is considered to be an experienced and high-quality investment professional…Lonsec has increased its conviction in his investment capabilities since its last review.”

Lonsec also commented on Davis CEO Christopher Davis, who leads the investment team and is head of research. “Davis succeeded his father as head of the firm in the 1990s and Lonsec believes he is a strong custodian of the culture and investment philosophy of the Manager. Overall he is considered well qualified to lead the team.”

Danton Goei is visiting Australia soon – if you’d like to attend a presentation, click here for more information.



Lonsec disclaimer
The Lonsec Rating (assigned January 2017) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. 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 Pan-Tribal Asset Management and Davis Advisors 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: http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings