Out-of-favour stocks with proven earnings are tipped to deliver this year says, the co-founders of Collins St Asset Management, Michael Goldberg, whose value fund was the top-performing long-only Australian shares strategy last year.
After a year dominated by a heated growth-led recovery, the value-oriented boutique is positioned to capitalise on renewed interest in cyclical exposures, backing names such as metallurgical coal miner Coronado Global Resources.
Collins St Value Fund beat 130 other strategies to take the top spot in Mercer’s survey of fund manager performance for 2020, with a 12-month return of 43.6 per cent before fees.
