US Smaller Companies

The Core Equity team believes that markets can misprice securities. They seek to exploit this perceived inefficiency and to generate long-term risk-adjusted returns for clients through the integration of fundamental research, proprietary quantitative modeling, and a differentiated portfolio construction process. This dedicated team of investment professionals, each of whom approaches investing with commitment and conviction, relies on their collective expertise to identify compelling investment opportunities.

Investment process

  • A core solution focused on uncovering opportunities across the traditionally under-researched US small- and mid- company market.
  • The team reviews the Fund's risk exposures on a daily basis to ensure results are driven by stock selection.
  • Securities are selected by a highly experienced investment team of five portfolio managers, averaging 25 plus years of industry experience.

1. Opportunity universe screen

  • Russell 2500TM Index
  • Proprietary quantitative model ranks stock per sector
    • valuation
    • expectations
    • quality

2. Fundamental research

  • Competitive position
  • Financial statement analysis
  • Sector-specific valuation analysis
  • Catalyst to re-value

3. Portfolio construction

  • Risk-controlled exposures
    • stock level
    • sector level
    • factor level
  • Returns driven by stock selection

4. Sell discipline

  • Target price achieved
  • Change in company's fundamentals
  • Better opportunity identified
  • Market cap exceeds Russell 2500TM Index

This strategy is available via segregated account or a UCITS compliant pooled fund. 

  • As a class, equities carry higher risks than bonds or money market instruments.

  • The Sub-Fund focuses on small- and medium-sized US companies.

The value of an investment in the Sub-Fund can go up and down. When you sell your shares, they may be worth less than you paid for them. If your currency as an investor is different from the reference currency of the Sub-Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.

The Sub-Fund is subject to the following risks:

  • The Sub-Fund may invest in securities issued by companies with an exposure to the real estate industry.

  • Certain securities could become hard to value, or to sell at a desired time and price.

For full details of the Sub-Fund’s risks, please refer to the prospectus available as mentioned in section “Practical Information”.

These documents are available via the following link: http://www.macquarie.com/mgl/com/mim-emea/en/sicav

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This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Germany by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Ireland by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Austria by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

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This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Sweden by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Luxembourg by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Finland by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website and/or distribution of many of the products or services described herein are not directed to any jurisdiction to any person to whom it is unlawful to make such an offer, sale and/or distribution, including the United States

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

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