Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Goldman Henry US50 Fund Best of Its Type in the World

Goldman Henry US50 Fund Best of Its Type in the World


Goldman Henry's US50 Fund is not only a New Zealand success story but has proved to be a world beater.

It achieved +18.75% for the calendar year 2013 with average annual growth over the last eleven years of + 17.69%, well above the target of 12% to 14%.

The five year annualised return as at the end of last year was +16.91%, eclipsing any fund of its type in the world.

The top US domiciled fund could only manage +16.67% during the same period, according to the Wall Street Journal Fund Score Card listing the top thirty eight funds across all categories.

The result is a tribute to the sound investment strategies of the US50 Fund's founders, Alan Goldman and Brian Henry.

"It's not bad when considering the US50 Fund is prohibited from using derivatives, hedging or leverage and has less scale than most US funds," they say.

"This result is after fees, expenses and tax whereas the US funds report before tax!"

Robert Knox, US50 Fund chairman and former managing partner of BDO in Auckland, has congratulated the investment team, headed by Mr Goldman, on an exceptional result.

"Mr Goldman's performance has placed the fund among the best of its type in the world.

"Alan rarely speaks about himself, preferring just to get on with the job, but I am told by his colleagues that the CEO of a major international bank last year labeled him Best of Breed for his work in international equities.

"Few boutique fund managers in New Zealand have received such an accolade."

Mr Goldman and Mr Henry launched the US50 Fund in 2002 and it has consistently achieved outstanding results, on occasions completely outperforming Warren Buffett's Berkshire Hathway "A" class shares.

All this despite operating in a highly competitive market and being buffeted by the global financial crisis.

"Our core belief is that US-listed equities represent an asset class that is more liquid than most, is more transparent in valuation, pricing and company performance, and over the long term will provide solid, consistent returns to the investor," says Mr Goldman.

"Brian and I proclaimed from the inception that US50 Fund Ltd was targeting an average annual growth after fees, expenses and applicable tax of 12% to 14%.

"Although we recognised that there were many other performance matrix which industry professionals like to apply, we saw average annual growth as the one which ordinary retail investors could most easily grasp."

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Igniting The Spark: Bringing The Digital Enabler To Life

Changing a name is, relatively speaking, the easy part of a re-invention. Changing a culture, getting all the ducks in a row, turning yourself inside-out to become customer-inspired is a much bigger challenge. More>>

ALSO:

Ebola And NZ: Targeted Screening At Airport But Risk Low

The risk of any cases of Ebola in New Zealand remains very low, but health and border authorities are well prepared... anyone arriving in New Zealand who in the last three weeks has visited countries affected will be screened for symptoms of the disease. More>>

ALSO:

Scoop Business: Brewer Seeking Crowd-Funding Cancels Shareholders’ Dividends

Shareholders in Renaissance Brewing company, the first business to seek equity through crowd-funding in New Zealand, have cancelled their claim on $147,000 of accumulated earnings “to make Renaissance a more attractive investment opportunity.” More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news