Blackwattle picks Equity Trustees as RE

Oksana Patron

1 August 2023

Blackwattle Investment Partners has announced it has selected Equity Trustees as the responsible entity (RE) for its first range of Australian Equity funds.

This will include the Blackwattle Small Cap Quality Fund, Blackwattle Large Cap Quality Fund, Blackwattle Mid Cap Quality Fund and Blackwattle Long-short 130/30 Quality Fund.

A boutique investment manager, which was launched in 2023 and has $10 million in personal capital commitment, has said it has refined its inaugural investment offerings to reflect a “strong belief of investing in Australian business that have a forward advantage, aligned management, and are priced below their intrinsic value”.

“Coupled with our aligned and transparent business model, we believe Blackwattle will provide a refreshing offering to Australian investors across domestic equity markets, and in future across global equity markets,” Michael Skinner the Managing Director and chief investment officer at Blackwattle, added.

“We are extremely proud to launch our foundational range of equity funds to Australian investors, offering investment solutions that are backed by aligned management and investment teams, that will act with enhanced transparency.”

The Blackwattle Small Cap Quality Fund provides investors with exposure to smaller Australian companies that are emerging as industry leaders. Its benchmark return is the S&P/ASX Small Ordinaries Accumulation Index.

The Blackwattle Mid Cap Quality Fund provides investors with exposure to Australian businesses that have built a strong advantage within their industry, seeking to benchmark against the S&P/ASX300 – ASX20.

The Blackwattle Large Cap Quality Fund provides investors with exposure to established Australian companies with a sustainable forward advantage. The fund’s aim is to outperform the S&P/ASX 200 Accumulation Index over the medium to long term.

The Blackwattle Long-Short 130/30 Quality Fund provides investors with both long exposures to established Australian companies with a sustainable forward advantage and short exposure to Australian companies with a weakening forward advantage. Its aim is to outperform the S&P/ASX 200 Accumulation Index over the medium to long term.

“We are delighted to be selected as the responsible entity role for this exciting new range of equity funds from Blackwattle. We look forward to working alongside Blackwattle into the future as they enter the market and continue to grow their offering,” Russell Beasley, Executive General Manager, Corporate Trustee Services, Equity Trustees, commented on the appointment.