Benefits of investing in Mirrabooka

There are many small and medium size companies listed on the ASX covering a very diverse range of industries and market sectors. Mirrabooka seeks to invest in those companies which offer investors attractive medium to long term value. Of particular interest are companies with relatively low price earnings ratios and high dividend yields. Often these companies have strong growth prospects and specialise in a range of attractive product, market and industry sectors. Benefits may also arise from takeover and/or merger activity. 

Investing in this sector can be subject to greater volatility compared with investing in larger capitalised companies because of the reliance these smaller companies have on single markets, products and/or key individuals. From time to time, shares in these smaller companies may also be subject to lower than normal liquidity. Consequently, this section of the market requires a significant amount of research and subsequent close monitoring of the portfolio. 

In this context, Mirrabooka is willing to move quickly to realise investments when we form a view for risk management purposes that an investment is well overvalued or there has been a material adverse change in a company’s circumstances or prospects. As such, we believe it is important to be nimble and responsive to material changes affecting these investments. 

Mirrabooka typically holds between 50 to 80 stocks depending on their fit with our investment aims and the desired concentration of risk within the portfolio.

Mirrabooka is able to offer investors an actively managed portfolio of small to mid cap companies with low managements fees relative to similar funds which focus on this area of the Australian market - 0.61% for the financial year to 30 June 2019.