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Access 'unrecognised growth' in global small-caps with new Ausbil fund

New to mFund
20 February 2019

Invest in Ausbil Global SmallCap Fund via mFund code: AXW09

  • A universe of small-caps across 23 developed markets
  • Compound growth potential selected from a pool of over 4,300 global small-caps
  • Uncorrelated exposure for additional portfolio diversification
  • An ESG-inclusive investment process adds additional risk-reduction benefits


Invest early in a high-conviction, global small-caps portfolio with unrecognised growth potential. Ausbil’s Global SmallCap Fund (Fund) offers investors access to a portfolio of small-caps selected from a universe of over 4,300 companies across 23 developed markets. The Fund aims to outperform the MSCI World Small Cap Net Total Return (TR) Index in AUD over the long term.

Ausbil’s active global small-cap investment process aims to exploit the inefficiencies within the asset class by investing in quality companies with unrecognised growth potential at attractive valuations. Small-caps can remain unrecognised by investors for long periods of time, regardless of how profitable, largely because research analysts typically focus on mid to large-cap equities.

Ausbil’s process applies institutional proprietary research, scrutiny and due-diligence to finding and selecting small-caps with unrecognised potential before they are re-rated by the market. Our investment process applies robust qualitative and quantitative analysis tools, with disciplined risk management, with the aim of producing consistent and risk-controlled outperformance. We take a four-stage fundamental approach to analysing these opportunities, including: macroeconomic assessment; regional and sector analysis; stock selection on fundamental analysis incorporating ESG; and risk-optimised portfolio construction.

Ausbil employs an investment approach focusing on quality and unrecognised growth, based on the belief that earnings, and earnings revisions, are the fundamental drivers of stock prices. We seek to identify earnings changes and trends ahead of the market in our process. Ausbil’s active investment approach aims to exploit inefficiencies across the market, across the cycle, and in all market conditions with the aim of producing consistent and risk-controlled outperformance. ESG factors are an essential aspect of Ausbil’s investment approach: in identifying opportunities; and in the pre-emptive identification and screening of risks.

About Ausbil

Ausbil Investment Management Limited is a leading Australian investment manager. Established in April 1997, Ausbil’s core business is the management of Australian equities for major superannuation funds, institutional investors, master trust and retail clients. Ausbil is owned by its employees and New York Life Investment Management (NYLIM), a wholly-owned subsidiary of New York Life Insurance Company.

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The information contained in this document has been prepared for general use only and does not take into account your personal investment objectives, financial situation or particular needs.  Before you make any decision about whether to invest in a financial product, you should obtain and consider the Product Disclosure Statement of the financial product. The information provided by Ausbil Investment Management Limited (ABN 26 076 316 473 AFSL 229722) has been done so in good faith and has been derived from sources believed to be accurate at the time of compilation. Changes in circumstances, including unlawful interference and unauthorised tampering, after the date of publication may impact on the accuracy of the information. Ausbil Investment Management Limited accepts no responsibility for any inaccuracy or for investment decisions or any other actions taken by any person on the basis of the information included.  Past performance is not a reliable indicator of future performance. Ausbil Investment Management Limited does not guarantee the performance of the Funds, the repayment of capital or any particular rate of return. The performance of any unit trust depends on the performance of its underlying investment which can fall as well as rise and can result in both capital losses and gains. Consequently, due to market influences, no assurance can be given that all stated objectives will be achieved.