To Be, Or Not To Be, Fully Invested

Auscap Asset Management

Auscap Asset Management

Where’s the market headed from here? It’s a common question asked, and we are not convinced that anyone will successfully tell you where it will be tomorrow, let alone weeks or months into the future. However it does beg the question – if predicting the direction of the market is futile, why are we not always fully invested? As a manager we are focused on absolute risk-adjusted returns. We do not predetermine our market exposure, it is entirely dependent on the opportunity set present in the Australian stockmarket. When we find a lot of compelling investment opportunities, our net exposure rises and vice versa. To us it makes more sense to focus on buying stocks when they are cheap and selling them when they are expensive than worrying about the future direction of markets or whether we are fully invested at all times. To find out how we identify investment opportunities, click here to read our October Newsletter: (VIEW LINK)


Auscap Asset Management is a value-based Australian equities manager founded in 2012. Auscap manages the Auscap Long Short Australian Equities Fund which targets solid absolute risk-adjusted returns, looking to invest in companies that generate...

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