Australian Ethical Smaller Companies Trust
The country's best known ethical portfolio manager has positioned his portfolio for the recent stock market weakness. Find out how he is going to maintain his 10 year average return of 10 per cent a year.
A PORTFOLIO POSITIONED FOR A STOCK MARKET BUBBLE BURSTING
With the market in free fall, Andy Gracey is keeping a cool head, having seen the signs of a bubble early. He is positioning his fund into stocks that are defensive, or don’t need economic growth to do well, and stocks that benefit from a depreciating Australian dollar.
Gracey manages the Australian Ethical Smaller Companies Trust, which in the past 10 years has returned almost 10 per cent a year, which is well above the return of its benchmark, the S&P/ASX Small Industrials, which has returned above 7 per cent over the same period.
"It's great to see one of the sector's best commentators in action.
"
David Paradice
Founder of Paradice Investment Mangement
"I've noted some of Richard's stock picks in the Sydney Morning Herald. He is someone both investors and companies should listen to.
"
Gary Weiss
