Cromwell Funds Management

11/02/2025

Stuart Cartledge, Managing Director of Phoenix Portfolios, gives an overview of the listed property market for the December quarter and provides an outlook for 2025. Discover why he believes the listed property sector is in good shape and provides investors with the opportunity to gain exposure to high quality commercial real estate at a discount to independently assessed values. Read more: https://www.cromwell.com.au/december-2024-quarter-asx-a-reit-market-update/

The S&P/ASX 300 A-REIT Accumulation Index gave back some of the gains seen in the previous quarter, dropping 6.1%. Property stocks underperformed broader equities in the period, with the S&P/ASX 300 Accumulation Index only losing 0.8%.

06/02/2025

Morningstar.com.au recently featured the 𝗖𝗿𝗼𝗺𝘄𝗲𝗹𝗹 𝗣𝗵𝗼𝗲𝗻𝗶𝘅 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀 𝗙𝘂𝗻𝗱, as an option for achieving broader diversification beyond the highly concentrated Australian listed property index. Learn more about the benefits of listed property investments, such as lower entry barriers and access to high-quality properties as well as potential alternatives to overcome the concentration risk.

𝗥𝗲𝗮𝗱 𝗺𝗼𝗿𝗲: https://www.morningstar.com.au/insights/personal-finance/259945/why-goodmans-rise-has-changed-the-game-for-listed-property-investors

Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333 214 (CFM) has prepared this communication and is the responsible entity of, and the issuer of units in, the Cromwell Phoenix Property Securities Fund ARSN 129 580 267 (Fund). In making an investment decision in relation to the Fund, it is important that you read the product disclosure statement dated 15 November 2023 (PDS), and the target market determination (TMD) and consider whether the Fund is appropriate for you. The PDS and TMD are available from www.cromwell.com.au/psf, by calling Cromwell’s Investor Services Team on 1300 268 078 or emailing [email protected].

Listed property has several perks but investors seeking diversification and better value might want to look beyond the index.

29/01/2025

- Marking its fifth year, the 𝗖𝗿𝗼𝗺𝘄𝗲𝗹𝗹 𝗣𝗵𝗼𝗲𝗻𝗶𝘅 𝗚𝗹𝗼𝗯𝗮𝗹 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗙𝘂𝗻𝗱 celebrates consistent returns, disciplined management, and a growing community of investors.

The Fund’s Investment Manager, Phoenix Portfolios, continues to uncover compelling but overlooked investment opportunities. A notable example is Sun Corporation, a high-quality Japanese stock temporarily undervalued due to accounting factors. The company also benefited from aligned activist shareholders focused on driving value creation. Sun Corporation returned approximately 275% from the initial entry price, making it the most successful investment in the Fund’s history.

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲?
Join our upcoming webinar at 10am AEST on Friday, 7 February 2025, to gain insights into the Fund’s strategy and performance. Register here: https://www.cromwell.com.au/invest/cromwell-phoenix-global-opportunities-fund/webinar/

𝖢𝗋𝗈𝗆𝗐𝖾𝗅𝗅 𝖥𝗎𝗇𝖽𝗌 𝖬𝖺𝗇𝖺𝗀𝖾𝗆𝖾𝗇𝗍 𝖫𝗂𝗆𝗂𝗍𝖾𝖽 𝖠𝖡𝖭 𝟨𝟥 𝟣𝟣𝟦 𝟩𝟪𝟤 𝟩𝟩𝟩 𝖠𝖥𝖲𝖫 𝟥𝟥𝟥 𝟤𝟣𝟦 (𝖢𝖥𝖬) 𝗁𝖺𝗌 𝗉𝗋𝖾𝗉𝖺𝗋𝖾𝖽 𝗍𝗁𝗂𝗌 𝖼𝗈𝗆𝗆𝗎𝗇𝗂𝖼𝖺𝗍𝗂𝗈𝗇 𝖺𝗇𝖽 𝗂𝗌 𝗍𝗁𝖾 𝗋𝖾𝗌𝗉𝗈𝗇𝗌𝗂𝖻𝗅𝖾 𝖾𝗇𝗍𝗂𝗍𝗒 𝗈𝖿, 𝖺𝗇𝖽 𝗍𝗁𝖾 𝗂𝗌𝗌𝗎𝖾𝗋 𝗈𝖿 𝗎𝗇𝗂𝗍𝗌 𝗂𝗇, 𝗍𝗁𝖾 𝖢𝗋𝗈𝗆𝗐𝖾𝗅𝗅 𝖯𝗁𝗈𝖾𝗇𝗂𝗑 𝖦𝗅𝗈𝖻𝖺𝗅 𝖮𝗉𝗉𝗈𝗋𝗍𝗎𝗇𝗂𝗍𝗂𝖾𝗌 𝖥𝗎𝗇𝖽 𝖠𝖱𝖲𝖭 𝟨𝟧𝟦 𝟢𝟧𝟨 𝟫𝟨𝟣 (𝖥𝗎𝗇𝖽). 𝖨𝗇 𝗆𝖺𝗄𝗂𝗇𝗀 𝖺𝗇 𝗂𝗇𝗏𝖾𝗌𝗍𝗆𝖾𝗇𝗍 𝖽𝖾𝖼𝗂𝗌𝗂𝗈𝗇 𝗂𝗇 𝗋𝖾𝗅𝖺𝗍𝗂𝗈𝗇 𝗍𝗈 𝗍𝗁𝖾 𝖥𝗎𝗇𝖽, 𝗂𝗍 𝗂𝗌 𝗂𝗆𝗉𝗈𝗋𝗍𝖺𝗇𝗍 𝗍𝗁𝖺𝗍 𝗒𝗈𝗎 𝗋𝖾𝖺𝖽 𝗍𝗁𝖾 𝗉𝗋𝗈𝖽𝗎𝖼𝗍 𝖽𝗂𝗌𝖼𝗅𝗈𝗌𝗎𝗋𝖾 𝗌𝗍𝖺𝗍𝖾𝗆𝖾𝗇𝗍 𝖽𝖺𝗍𝖾𝖽 𝟤𝟨 𝖮𝖼𝗍𝗈𝖻𝖾𝗋 𝟤𝟢𝟤𝟣 (𝖯𝖣𝖲), 𝖺𝗇𝖽 𝗍𝗁𝖾 𝗍𝖺𝗋𝗀𝖾𝗍 𝗆𝖺𝗋𝗄𝖾𝗍 𝖽𝖾𝗍𝖾𝗋𝗆𝗂𝗇𝖺𝗍𝗂𝗈𝗇 (𝖳𝖬𝖣) 𝖺𝗇𝖽 𝖼𝗈𝗇𝗌𝗂𝖽𝖾𝗋 𝗐𝗁𝖾𝗍𝗁𝖾𝗋 𝗍𝗁𝖾 𝖥𝗎𝗇𝖽 𝗂𝗌 𝖺𝗉𝗉𝗋𝗈𝗉𝗋𝗂𝖺𝗍𝖾 𝖿𝗈𝗋 𝗒𝗈𝗎. 𝖳𝗁𝖾 𝖯𝖣𝖲 𝖺𝗇𝖽 𝖳𝖬𝖣 𝖺𝗋𝖾 𝖺𝗏𝖺𝗂𝗅𝖺𝖻𝗅𝖾 𝖿𝗋𝗈𝗆 𝗐𝗐𝗐.𝖼𝗋𝗈𝗆𝗐𝖾𝗅𝗅.𝖼𝗈𝗆.𝖺𝗎/𝗀𝗈𝖿, 𝖻𝗒 𝖼𝖺𝗅𝗅𝗂𝗇𝗀 𝖢𝗋𝗈𝗆𝗐𝖾𝗅𝗅’𝗌 𝖨𝗇𝗏𝖾𝗌𝗍𝗈𝗋 𝖲𝖾𝗋𝗏𝗂𝖼𝖾𝗌 𝖳𝖾𝖺𝗆 𝗈𝗇 𝟣𝟥𝟢𝟢 𝟤𝟨𝟪 𝟢𝟩𝟪 𝗈𝗋 𝖾𝗆𝖺𝗂𝗅𝗂𝗇𝗀 𝗂𝗇𝗏𝖾𝗌𝗍@𝖼𝗋𝗈𝗆𝗐𝖾𝗅𝗅.𝖼𝗈𝗆.𝖺𝗎.

22/01/2025

- During its fourth year, the 𝗖𝗿𝗼𝗺𝘄𝗲𝗹𝗹 𝗣𝗵𝗼𝗲𝗻𝗶𝘅 𝗚𝗹𝗼𝗯𝗮𝗹 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗙𝘂𝗻𝗱 continued to outperform market benchmarks through expert insights and strategic investments across diverse global sectors.

One such investment was Liberty Live Group, a security deriving value from its majority stake in the US entertainment business, Live Nation. Australians may be familiar with the Ticketmaster business owned by the company. After extensive research and analysis, Phoenix uncovered significant underlying value in the company, projecting an internal rate of return between 22% and 105%. The investment eventually realised a return at the top end of that range.

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲?
Join our upcoming webinar at 10am AEST on Friday, 7 February 2025, to gain insights into the Fund’s strategy and performance. Register here: https://www.cromwell.com.au/invest/cromwell-phoenix-global-opportunities-fund/webinar/

𝖢𝗋𝗈𝗆𝗐𝖾𝗅𝗅 𝖥𝗎𝗇𝖽𝗌 𝖬𝖺𝗇𝖺𝗀𝖾𝗆𝖾𝗇𝗍 𝖫𝗂𝗆𝗂𝗍𝖾𝖽 𝖠𝖡𝖭 𝟨𝟥 𝟣𝟣𝟦 𝟩𝟪𝟤 𝟩𝟩𝟩 𝖠𝖥𝖲𝖫 𝟥𝟥𝟥 𝟤𝟣𝟦 (𝖢𝖥𝖬) 𝗁𝖺𝗌 𝗉𝗋𝖾𝗉𝖺𝗋𝖾𝖽 𝗍𝗁𝗂𝗌 𝖼𝗈𝗆𝗆𝗎𝗇𝗂𝖼𝖺𝗍𝗂𝗈𝗇 𝖺𝗇𝖽 𝗂𝗌 𝗍𝗁𝖾 𝗋𝖾𝗌𝗉𝗈𝗇𝗌𝗂𝖻𝗅𝖾 𝖾𝗇𝗍𝗂𝗍𝗒 𝗈𝖿, 𝖺𝗇𝖽 𝗍𝗁𝖾 𝗂𝗌𝗌𝗎𝖾𝗋 𝗈𝖿 𝗎𝗇𝗂𝗍𝗌 𝗂𝗇, 𝗍𝗁𝖾 𝖢𝗋𝗈𝗆𝗐𝖾𝗅𝗅 𝖯𝗁𝗈𝖾𝗇𝗂𝗑 𝖦𝗅𝗈𝖻𝖺𝗅 𝖮𝗉𝗉𝗈𝗋𝗍𝗎𝗇𝗂𝗍𝗂𝖾𝗌 𝖥𝗎𝗇𝖽 𝖠𝖱𝖲𝖭 𝟨𝟧𝟦 𝟢𝟧𝟨 𝟫𝟨𝟣 (𝖥𝗎𝗇𝖽). 𝖨𝗇 𝗆𝖺𝗄𝗂𝗇𝗀 𝖺𝗇 𝗂𝗇𝗏𝖾𝗌𝗍𝗆𝖾𝗇𝗍 𝖽𝖾𝖼𝗂𝗌𝗂𝗈𝗇 𝗂𝗇 𝗋𝖾𝗅𝖺𝗍𝗂𝗈𝗇 𝗍𝗈 𝗍𝗁𝖾 𝖥𝗎𝗇𝖽, 𝗂𝗍 𝗂𝗌 𝗂𝗆𝗉𝗈𝗋𝗍𝖺𝗇𝗍 𝗍𝗁𝖺𝗍 𝗒𝗈𝗎 𝗋𝖾𝖺𝖽 𝗍𝗁𝖾 𝗉𝗋𝗈𝖽𝗎𝖼𝗍 𝖽𝗂𝗌𝖼𝗅𝗈𝗌𝗎𝗋𝖾 𝗌𝗍𝖺𝗍𝖾𝗆𝖾𝗇𝗍 𝖽𝖺𝗍𝖾𝖽 𝟤𝟨 𝖮𝖼𝗍𝗈𝖻𝖾𝗋 𝟤𝟢𝟤𝟣 (𝖯𝖣𝖲), 𝖺𝗇𝖽 𝗍𝗁𝖾 𝗍𝖺𝗋𝗀𝖾𝗍 𝗆𝖺𝗋𝗄𝖾𝗍 𝖽𝖾𝗍𝖾𝗋𝗆𝗂𝗇𝖺𝗍𝗂𝗈𝗇 (𝖳𝖬𝖣) 𝖺𝗇𝖽 𝖼𝗈𝗇𝗌𝗂𝖽𝖾𝗋 𝗐𝗁𝖾𝗍𝗁𝖾𝗋 𝗍𝗁𝖾 𝖥𝗎𝗇𝖽 𝗂𝗌 𝖺𝗉𝗉𝗋𝗈𝗉𝗋𝗂𝖺𝗍𝖾 𝖿𝗈𝗋 𝗒𝗈𝗎. 𝖳𝗁𝖾 𝖯𝖣𝖲 𝖺𝗇𝖽 𝖳𝖬𝖣 𝖺𝗋𝖾 𝖺𝗏𝖺𝗂𝗅𝖺𝖻𝗅𝖾 𝖿𝗋𝗈𝗆 𝗐𝗐𝗐.𝖼𝗋𝗈𝗆𝗐𝖾𝗅𝗅.𝖼𝗈𝗆.𝖺𝗎/𝗀𝗈𝖿, 𝖻𝗒 𝖼𝖺𝗅𝗅𝗂𝗇𝗀 𝖢𝗋𝗈𝗆𝗐𝖾𝗅𝗅’𝗌 𝖨𝗇𝗏𝖾𝗌𝗍𝗈𝗋 𝖲𝖾𝗋𝗏𝗂𝖼𝖾𝗌 𝖳𝖾𝖺𝗆 𝗈𝗇 𝟣𝟥𝟢𝟢 𝟤𝟨𝟪 𝟢𝟩𝟪 𝗈𝗋 𝖾𝗆𝖺𝗂𝗅𝗂𝗇𝗀 𝗂𝗇𝗏𝖾𝗌𝗍@𝖼𝗋𝗈𝗆𝗐𝖾𝗅𝗅.𝖼𝗈𝗆.𝖺𝗎.

15/01/2025

- On 31 December 2021, the 𝗖𝗿𝗼𝗺𝘄𝗲𝗹𝗹 𝗣𝗵𝗼𝗲𝗻𝗶𝘅 𝗚𝗹𝗼𝗯𝗮𝗹 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗙𝘂𝗻𝗱 successfully opened to retail investors.

The fund’s Investment Manager, Phoenix Portfolios, continued to identify compelling investment opportunities, many of which were overlooked due to their complex structures. One such investment is Compagnie de l'Odet, a family-controlled company with a complex structure that masks its strong investment potential. The Phoenix team identified that the company was trading at a significant discount of approximately 160% below its Net Asset Value (NAV), presenting an attractive opportunity. It remains the fund’s largest investment.

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲?
Join our upcoming webinar at 10am AEST on Friday, 7 February 2025, to gain insights into the fund’s strategy and performance. Register here: https://www.cromwell.com.au/invest/cromwell-phoenix-global-opportunities-fund/webinar/

𝖢𝗋𝗈𝗆𝗐𝖾𝗅𝗅 𝖥𝗎𝗇𝖽𝗌 𝖬𝖺𝗇𝖺𝗀𝖾𝗆𝖾𝗇𝗍 𝖫𝗂𝗆𝗂𝗍𝖾𝖽 𝖠𝖡𝖭 𝟨𝟥 𝟣𝟣𝟦 𝟩𝟪𝟤 𝟩𝟩𝟩 𝖠𝖥𝖲𝖫 𝟥𝟥𝟥 𝟤𝟣𝟦 (𝖢𝖥𝖬) 𝗁𝖺𝗌 𝗉𝗋𝖾𝗉𝖺𝗋𝖾𝖽 𝗍𝗁𝗂𝗌 𝖼𝗈𝗆𝗆𝗎𝗇𝗂𝖼𝖺𝗍𝗂𝗈𝗇 𝖺𝗇𝖽 𝗂𝗌 𝗍𝗁𝖾 𝗋𝖾𝗌𝗉𝗈𝗇𝗌𝗂𝖻𝗅𝖾 𝖾𝗇𝗍𝗂𝗍𝗒 𝗈𝖿, 𝖺𝗇𝖽 𝗍𝗁𝖾 𝗂𝗌𝗌𝗎𝖾𝗋 𝗈𝖿 𝗎𝗇𝗂𝗍𝗌 𝗂𝗇, 𝗍𝗁𝖾 𝖢𝗋𝗈𝗆𝗐𝖾𝗅𝗅 𝖯𝗁𝗈𝖾𝗇𝗂𝗑 𝖦𝗅𝗈𝖻𝖺𝗅 𝖮𝗉𝗉𝗈𝗋𝗍𝗎𝗇𝗂𝗍𝗂𝖾𝗌 𝖥𝗎𝗇𝖽 𝖠𝖱𝖲𝖭 𝟨𝟧𝟦 𝟢𝟧𝟨 𝟫𝟨𝟣 (𝖥𝗎𝗇𝖽). 𝖨𝗇 𝗆𝖺𝗄𝗂𝗇𝗀 𝖺𝗇 𝗂𝗇𝗏𝖾𝗌𝗍𝗆𝖾𝗇𝗍 𝖽𝖾𝖼𝗂𝗌𝗂𝗈𝗇 𝗂𝗇 𝗋𝖾𝗅𝖺𝗍𝗂𝗈𝗇 𝗍𝗈 𝗍𝗁𝖾 𝖥𝗎𝗇𝖽, 𝗂𝗍 𝗂𝗌 𝗂𝗆𝗉𝗈𝗋𝗍𝖺𝗇𝗍 𝗍𝗁𝖺𝗍 𝗒𝗈𝗎 𝗋𝖾𝖺𝖽 𝗍𝗁𝖾 𝗉𝗋𝗈𝖽𝗎𝖼𝗍 𝖽𝗂𝗌𝖼𝗅𝗈𝗌𝗎𝗋𝖾 𝗌𝗍𝖺𝗍𝖾𝗆𝖾𝗇𝗍 𝖽𝖺𝗍𝖾𝖽 𝟤𝟨 𝖮𝖼𝗍𝗈𝖻𝖾𝗋 𝟤𝟢𝟤𝟣 (𝖯𝖣𝖲), 𝖺𝗇𝖽 𝗍𝗁𝖾 𝗍𝖺𝗋𝗀𝖾𝗍 𝗆𝖺𝗋𝗄𝖾𝗍 𝖽𝖾𝗍𝖾𝗋𝗆𝗂𝗇𝖺𝗍𝗂𝗈𝗇 (𝖳𝖬𝖣) 𝖺𝗇𝖽 𝖼𝗈𝗇𝗌𝗂𝖽𝖾𝗋 𝗐𝗁𝖾𝗍𝗁𝖾𝗋 𝗍𝗁𝖾 𝖥𝗎𝗇𝖽 𝗂𝗌 𝖺𝗉𝗉𝗋𝗈𝗉𝗋𝗂𝖺𝗍𝖾 𝖿𝗈𝗋 𝗒𝗈𝗎. 𝖳𝗁𝖾 𝖯𝖣𝖲 𝖺𝗇𝖽 𝖳𝖬𝖣 𝖺𝗋𝖾 𝖺𝗏𝖺𝗂𝗅𝖺𝖻𝗅𝖾 𝖿𝗋𝗈𝗆 𝗐𝗐𝗐.𝖼𝗋𝗈𝗆𝗐𝖾𝗅𝗅.𝖼𝗈𝗆.𝖺𝗎/𝗀𝗈𝖿, 𝖻𝗒 𝖼𝖺𝗅𝗅𝗂𝗇𝗀 𝖢𝗋𝗈𝗆𝗐𝖾𝗅𝗅’𝗌 𝖨𝗇𝗏𝖾𝗌𝗍𝗈𝗋 𝖲𝖾𝗋𝗏𝗂𝖼𝖾𝗌 𝖳𝖾𝖺𝗆 𝗈𝗇 𝟣𝟥𝟢𝟢 𝟤𝟨𝟪 𝟢𝟩𝟪 𝗈𝗋 𝖾𝗆𝖺𝗂𝗅𝗂𝗇𝗀 𝗂𝗇𝗏𝖾𝗌𝗍@𝖼𝗋𝗈𝗆𝗐𝖾𝗅𝗅.𝖼𝗈𝗆.𝖺𝗎.

07/01/2025

- During the first two years, the 𝗖𝗿𝗼𝗺𝘄𝗲𝗹𝗹 𝗣𝗵𝗼𝗲𝗻𝗶𝘅 𝗚𝗹𝗼𝗯𝗮𝗹 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗙𝘂𝗻𝗱 focused on generating a strong performance record by investing in a diversified portfolio of international securities trading at a discount to their observable net asset values. One such investment was Preferred Apartments (APTS) which the Fund first purchased a stake in on 21 April 2021 for $10.40 per share. The fund sold its stake 10 months later at $25.47, which was a small premium to Blackstone’s acquisition price of $25.00 per share of common stock, and a fantastic result for Fund investors.

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲?
Join our upcoming webinar at 10am AEST on Friday, 7 February 2025, to gain insights into the Fund’s strategy and performance. Register here: https://www.cromwell.com.au/invest/cromwell-phoenix-global-opportunities-fund/webinar/

𝖢𝗋𝗈𝗆𝗐𝖾𝗅𝗅 𝖥𝗎𝗇𝖽𝗌 𝖬𝖺𝗇𝖺𝗀𝖾𝗆𝖾𝗇𝗍 𝖫𝗂𝗆𝗂𝗍𝖾𝖽 𝖠𝖡𝖭 𝟨𝟥 𝟣𝟣𝟦 𝟩𝟪𝟤 𝟩𝟩𝟩 𝖠𝖥𝖲𝖫 𝟥𝟥𝟥 𝟤𝟣𝟦 (𝖢𝖥𝖬) 𝗁𝖺𝗌 𝗉𝗋𝖾𝗉𝖺𝗋𝖾𝖽 𝗍𝗁𝗂𝗌 𝖼𝗈𝗆𝗆𝗎𝗇𝗂𝖼𝖺𝗍𝗂𝗈𝗇 𝖺𝗇𝖽 𝗂𝗌 𝗍𝗁𝖾 𝗋𝖾𝗌𝗉𝗈𝗇𝗌𝗂𝖻𝗅𝖾 𝖾𝗇𝗍𝗂𝗍𝗒 𝗈𝖿, 𝖺𝗇𝖽 𝗍𝗁𝖾 𝗂𝗌𝗌𝗎𝖾𝗋 𝗈𝖿 𝗎𝗇𝗂𝗍𝗌 𝗂𝗇, 𝗍𝗁𝖾 𝖢𝗋𝗈𝗆𝗐𝖾𝗅𝗅 𝖯𝗁𝗈𝖾𝗇𝗂𝗑 𝖦𝗅𝗈𝖻𝖺𝗅 𝖮𝗉𝗉𝗈𝗋𝗍𝗎𝗇𝗂𝗍𝗂𝖾𝗌 𝖥𝗎𝗇𝖽 𝖠𝖱𝖲𝖭 𝟨𝟧𝟦 𝟢𝟧𝟨 𝟫𝟨𝟣 (𝖥𝗎𝗇𝖽). 𝖨𝗇 𝗆𝖺𝗄𝗂𝗇𝗀 𝖺𝗇 𝗂𝗇𝗏𝖾𝗌𝗍𝗆𝖾𝗇𝗍 𝖽𝖾𝖼𝗂𝗌𝗂𝗈𝗇 𝗂𝗇 𝗋𝖾𝗅𝖺𝗍𝗂𝗈𝗇 𝗍𝗈 𝗍𝗁𝖾 𝖥𝗎𝗇𝖽, 𝗂𝗍 𝗂𝗌 𝗂𝗆𝗉𝗈𝗋𝗍𝖺𝗇𝗍 𝗍𝗁𝖺𝗍 𝗒𝗈𝗎 𝗋𝖾𝖺𝖽 𝗍𝗁𝖾 𝗉𝗋𝗈𝖽𝗎𝖼𝗍 𝖽𝗂𝗌𝖼𝗅𝗈𝗌𝗎𝗋𝖾 𝗌𝗍𝖺𝗍𝖾𝗆𝖾𝗇𝗍 𝖽𝖺𝗍𝖾𝖽 𝟤𝟨 𝖮𝖼𝗍𝗈𝖻𝖾𝗋 𝟤𝟢𝟤𝟣 (𝖯𝖣𝖲), 𝖺𝗇𝖽 𝗍𝗁𝖾 𝗍𝖺𝗋𝗀𝖾𝗍 𝗆𝖺𝗋𝗄𝖾𝗍 𝖽𝖾𝗍𝖾𝗋𝗆𝗂𝗇𝖺𝗍𝗂𝗈𝗇 (𝖳𝖬𝖣) 𝖺𝗇𝖽 𝖼𝗈𝗇𝗌𝗂𝖽𝖾𝗋 𝗐𝗁𝖾𝗍𝗁𝖾𝗋 𝗍𝗁𝖾 𝖥𝗎𝗇𝖽 𝗂𝗌 𝖺𝗉𝗉𝗋𝗈𝗉𝗋𝗂𝖺𝗍𝖾 𝖿𝗈𝗋 𝗒𝗈𝗎. 𝖳𝗁𝖾 𝖯𝖣𝖲 𝖺𝗇𝖽 𝖳𝖬𝖣 𝖺𝗋𝖾 𝖺𝗏𝖺𝗂𝗅𝖺𝖻𝗅𝖾 𝖿𝗋𝗈𝗆 𝗐𝗐𝗐.𝖼𝗋𝗈𝗆𝗐𝖾𝗅𝗅.𝖼𝗈𝗆.𝖺𝗎/𝗀𝗈𝖿, 𝖻𝗒 𝖼𝖺𝗅𝗅𝗂𝗇𝗀 𝖢𝗋𝗈𝗆𝗐𝖾𝗅𝗅’𝗌 𝖨𝗇𝗏𝖾𝗌𝗍𝗈𝗋 𝖲𝖾𝗋𝗏𝗂𝖼𝖾𝗌 𝖳𝖾𝖺𝗆 𝗈𝗇 𝟣𝟥𝟢𝟢 𝟤𝟨𝟪 𝟢𝟩𝟪 𝗈𝗋 𝖾𝗆𝖺𝗂𝗅𝗂𝗇𝗀 𝗂𝗇𝗏𝖾𝗌𝗍@𝖼𝗋𝗈𝗆𝗐𝖾𝗅𝗅.𝖼𝗈𝗆.𝖺𝗎.

01/01/2025

- On 31 December 2019, the 𝗖𝗿𝗼𝗺𝘄𝗲𝗹𝗹 𝗣𝗵𝗼𝗲𝗻𝗶𝘅 𝗚𝗹𝗼𝗯𝗮𝗹 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗙𝘂𝗻𝗱 was created to meet investor demand for global diversification. Building on the success of the Cromwell Phoenix Opportunities Fund, which focused on unique, high-value opportunities within local markets, this Fund was launched to meet investor demand for a similarly strategic approach on a global scale.

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲?
Join our upcoming webinar at 10am AEST on Wednesday, 29 January 2025, to gain insights into the Fund’s strategy and performance. Register here: https://www.cromwell.com.au/invest/cromwell-phoenix-global-opportunities-fund/webinar/


Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333 214 (CFM) has prepared this communication and is the responsible entity of, and the issuer of units in, the Cromwell Phoenix Global Opportunities Fund ARSN 654 056 961 (Fund). In making an investment decision in relation to the Fund, it is important that you read the product disclosure statement dated 26 October 2021 (PDS), and the target market determination (TMD) and consider whether the Fund is appropriate for you. The PDS and TMD are available from www.cromwell.com.au/gof, by calling Cromwell’s Investor Services Team on 1300 268 078 or emailing [email protected].

19/12/2024

From the team at Cromwell Funds Management, we would like to thank you for your support throughout 2024 and wish you a safe and happy holiday season.

Please note that our offices will be closed from 25 December 2024 and will reopen on Thursday, 2 January 2025. If you need assistance with your investment during this period, please contact our Investor Services team on 1300 268 078 or email [email protected]. We will respond to your inquiries as soon as we return.

28/11/2024

The Financial Advice Association Australia - FAAA Congress wraps up today in Brisbane, and we’re excited to be a sponsor of this prestigious event! Don’t miss your final chance to visit us at booth 30 before 1.30pm AEST for an opportunity to win a $1,000 Flight Centre gift card. Chat with our team members, Daniel and Narelle, and explore our investment opportunities. We look forward to meeting you there!

27/11/2024

Understanding the property cycle can be useful, as it enables investors to make informed investment decisions and stay focused on their long-term goals. Cromwell Research and Investment Strategy Manager Colin Mackay unpacks some of the property cycle intricacies, and what the current conditions mean for investors.

Understanding the property cycle can be useful for investors as it enables them to make informed investment decisions and stay focused on their long-term goals.

20/11/2024

The September quarter saw an improvement in office space fundamentals, though the headline figures continued to obscure varied performance across markets. The trajectory of inflation—and consequently interest rates—remains top of mind for financial markets, businesses, and households alike. Read more: https://www.cromwell.com.au/september-2024-direct-property-market-update/

The trajectory of inflation – and consequently interest rates – remains top of mind for financial markets, businesses, and households alike. Year-on-year headline inflation of 2.7% was recorded in the month of August, a substantial fall from the 3.5% rise recorded in July and the first time the ...