Leading fund manager names 4 high-flying small caps it owns


A lot of ‘mum and dad’ investors like to scour the internet for news as to what to shares some of Australia’s best professional fund managers are buying for their investment portfolios.

After all if the professionals do the most research, have the most experience, and hire the smartest stock pickers going, then they should own the best stocks right?

It doesn’t quite work that way in practice as no one has a market-beating magic wand, but it’s still worth knowing what some of Australia’s leading small-cap investors are buying.

Clime Asset Management today revealed four fast-rising businesses it’s bought recently, so let’s take a look at them to consider why the pro fundies might like them and whether they have more gas in the tank.

Afterpay Touch Group Ltd (ASX: APT) is the buy-now-pay-later business that has nearly tripled in value over just the past year largely on the back of its rapid growth in the U.S. market. Clime bought into it at $3.43 and reckons “web analytics data” suggests its U.S. growth is set to “beat expectations’ for FY 2020, but it doesn’t rule out capital raisings in the “medium term”.

Bravura Solutions Limited (ASX: BVS) shares lost 7.3% today, but are still up 66% over the past year. Clime likes the software business due to its quality, offering, and large global market opportunity.

Navigator Global Investments (ASX: NGI) is the parent company of US-based hedge fund Lighthouse Investment Partners, according to Clime it has a monster 6.9% dividend yield and “abundance” of growth opportunities. Sounds good.

Jumbo Interactive Ltd (ASX: JIN) stock lost 6.3% today, but has still more than tripled over the past year. Clime likes the online lottery operator due to its strong balance sheet, high levels of profitability and margins. It’s also a beneficiary of the ongoing migration of lottery ticket sales over the internet, rather than over-the-counter at your local shop.

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Tom Richardson owns shares of AFTERPAY T FPO.

You can find Tom on Twitter @tommyr345

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Bravura Solutions Ltd and Jumbo Interactive Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Bravura Solutions Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Motley Fool’s purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019





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