WHY FINWEEK WOULD CONSIDER ADDING IT
While valuations on our local exchange do look stretched, mispricings continue to present themselves. These, however, might be ‘further down the food chain’. The fund is still comfortably small enough at this stage (R58m) to manoeuvre without its size counting against it. While the track record of the fund is still new, the stock-picking skills of Ashton and Anchor Capital founder Peter Armitage are not. The fund will augment its holdings in quality largecap counters with exposure to smaller, fastergrowing/undervalued companies. Besides the stock-picking skills of the manager, the ability to find unusual opportunities is one of the main reasons to consider buying this fund.