Multi-asset

We offer multi-asset solutions for clients looking for portfolio diversification

We offer Multi-Asset solutions for clients looking for portfolio diversification. This includes both tailored diversified portfolios to meet our clients’ specific needs as well as a pooled investment vehicle.

We achieve diversified exposure for clients by investing in a selection of growth and defensive asset classes. We understand the importance of asset allocation in driving returns and we aim to add value from both asset allocation and security selection.

Within our Multi-Asset offering, our experienced team of investment professionals manage Australian, Asia ex-Japan and global listed infrastructure equities, REITs, fixed income securities and cash. For our international equities exposure, we select asset managers who are regional specialists with complementary investment styles and philosophies to our own.

Our Multi-Asset capability leverages the experience of our investment teams and is supported by our Asset Allocation committee. This highly experienced committee includes asset class specialists as well as an external macroeconomics expert.

Our investment philosophy

We are value investors

We believe that the price and value of a company are often not the same and deviate over time. ‘Price is what you pay, value is what you get’ best summarises this difference. Greed and fear in markets can drive a wedge between these concepts at the stock level and we seek to take advantage of this behavioural phenomenon by being patient and disciplined. We will only invest in a stock where we assess the discount to intrinsic value is sufficiently attractive.

We are bottom-up stock pickers

At the heart of our value-based investment philosophy is our approach to stock selection, driven by in-depth analysis from our expert team of investment professionals. We use our bottom-up research process to maximise the opportunities to deliver income and long-term capital growth to our investors.

We are often contrarian

In order to beat the market, one must do something different from conventional wisdom. With share prices representing the market consensus, we will often take a contrarian position and invest in companies that we believe are undervalued and will generate the strongest returns for our clients.

In regularly looking at the unloved or unpopular segments of the market, we find there is often a narrative attached as to why these stocks are out of favour. Only by researching these companies on a bottom-up basis (in conjunction with what prevailing valuations imply) can one determine whether the narrative is correct or indeed an opportunity exists.

We invest for the long-term

A key ‘ingredient’ underlying value investing is time. We believe that price and value can diverge by a wide margin over the short-term, whilst over the long-term, they are far more likely to converge. What drives this process? Some like to point to catalysts however in our experience it is more likely than not the passing of time as the ‘darling’ stocks fail to live up to expectations while the ‘value’ parts of the market deliver better results than their share prices were implying.

The holding period for stocks in the portfolio is expected to average around four years.

Our investment approach

Our Multi-Asset capability utilises a traditional multi-asset investment approach. We construct our Strategic Asset Allocation (SAA) benchmark using a traditional mean-variance optimisation process, maintaining a long-term approach to SAA.

Asset class specialists and our external Macroeconomics consultant attend Asset Allocation meetings, chaired by our Chief Investment Officer, to review and assess the relative value of each asset class based on a four-year outlook. The outcome of these meetings is our Tactical Asset Allocation (TAA).

We perform the stock selection in all asset classes except international equities. International equities is allocated on a regional basis. We leverage the investment expertise of our Asia ex-Japan team and then select regional equity specialists with complementary investment styles and philosophies to our own.

The portfolio is constructed within a disciplined risk management framework. The outcome is a portfolio that is diversified across asset classes with the aim to deliver income and long-term capital growth for our clients.

Our approach to ESG

Portfolio Managers

A team of experienced and dedicated investment professionals.


Dougal Maple-Brown, Head of Australian Value Equities, Maple-Brown Abbott
Head of Australian Value Equities

Dougal Maple-Brown

BEc, LLB (Hons), FFIN, CFA
Dougal joined Maple-Brown Abbott in 2001 as an equity analyst. He is currently a portfolio manager and equities analyst. Dougal was an Executive Director from July 2009 to October 2018. Dougal’s responsibilities include equity analysis and portfolio management, including managing a large number of institutional and retail accounts. He attended the Advanced Management Program at Harvard Business School in 2014. Prior to joining Maple-Brown Abbott Dougal worked in a national law firm and at an international investment bank.

Board and committee membership:
Asset Allocation Committee

 

 

 

Dougal

More articles by Dougal


Garth Rossler, Chief Investment Officer
Chief Investment Officer

Garth Rossler

MCom, CA (SA), CFA
Garth joined Maple-Brown Abbott in 1997. He was appointed as Managing Director and Chief Investment Officer in July 2009, a position he held for over ten years until October 2019 when he stepped down from the Managing Director role. Garth continues in his role as the Chief Investment Officer and his responsibilities include equities analysis and portfolio management. He was an executive director from July 1999 to March 2020. Before joining Maple-Brown Abbott Garth was Director and Portfolio Manager at Allan Gray Ltd (South Africa).

 

Board and committee membership:
Asset Allocation Committee

 

 

 

 

 

Garth

More articles by Garth


Portfolio Manager, Australian Value Equities

Kateryna Argyrou

BBus (Hons)
Kateryna joined Maple-Brown Abbott in July 2019 as an Investment Analyst and is a Portfolio Manager in the Australian Value Equities team. Kateryna is responsible for the REITs sector as well as some small cap coverage. Before joining Maple-Brown Abbott, Kateryna worked as a sell-side equities research analyst with Credit Suisse, covering the insurance and diversified financials sectors before leading the Australian Real Estate equities research team. Kateryna also has experience covering small cap stocks through her previous roles at Shaw & Partners and Baillieu Holst.

 

Board & committee membership:
Asset Allocation Committee

Kateryna

More articles by Kateryna


Jon Clarke | Portfolio Manager, Australian Value Equities
Portfolio Manager, Australian Value Equities

Jon Clarke

BSc, BCom
Jon joined Maple-Brown Abbott in November 2006 as an Asian equities dealer before becoming an Investment Analyst. He is a Portfolio Manager in the Australian Value Equities team. Jon is responsible for the resources, telecommunication, engineering and construction sectors. Before joining Maple-Brown Abbott, Jon worked at State Street for six years, starting as a quantitative analyst in the transition management team and then working in a trading role, which culminated in the position of Senior Trader.

Jon

More articles by Jon


Christopher Hotop | Portfolio Manager, Australian Value Equities
Portfolio Manager, Australian Value Equities

Christopher Hotop

BSc, BComChris joined Maple-Brown Abbott in December 2013 as an Investment Analyst and is a Portfolio Manager in the Australian Value Equities team. Chris has stock coverage responsibilities for the utilities, infrastructure and consumer sectors. Before joining Maple-Brown Abbott, he spent eight years in the Australian equities team at CP2, where he covered a range of sectors including building materials, financials and retail for their high-conviction Endeavour Fund.

Christopher

More articles by Christopher


Portfolio Manager, Australian Value Equities

Peter Reeve

BCom, BIT, MFin
Peter joined Maple-Brown Abbott in April 2006 as an Investment Analyst and is a Portfolio Manager in the Australian Value Equities team. Peter is responsible for the diversified financials and healthcare sectors and also manages the fixed income asset class. Before joining Maple-Brown Abbott, Peter worked as a Corporate Finance Analyst for IBM Australia.

 

Board & committee membership:
Asset Allocation Committee

Peter

More articles by Peter


Portfolio Manager, Australian Value Equities

Raymond Chang

BCom, CFA
Raymond joined Maple-Brown Abbott in January 2005 as an Investment Analyst and is a Portfolio Manager in the Australian Value Equities team. Raymond is responsible for the building materials, chemicals, packaging, gaming, transport and media sectors. Before joining Maple-Brown Abbott, he worked as a Strategy and Business Architecture Consultant at Accenture Australia.

Raymond

More articles by Raymond

Maple-Brown Abbott Diversified Investment Trust

The Fund provides exposure to a diversified portfolio of growth and defensive assets with the potential to provide long-term capital growth and income and is actively managed.

The Fund is invested in growth assets including Australian equities, international equities and REITs, and defensive assets including fixed interest, alternative assets and cash. The expertise and track record of our investment teams across asset classes may be complemented by specialist external managers.

The strategic asset allocation and ongoing tactical asset allocation are reviewed and monitored by the Asset Allocation Committee made up of senior investment team members with macroeconomic input. The portfolio is constructed within a disciplined risk management framework, which is overseen by the portfolio manager.

Investment objective

The Fund aims to outperform the Morningstar Australia Fund Multisector Growth category average, after fees, over a four-year period.

Download fund factsheet
Fund facts
Inception date
31/05/1988 		Distribution frequency
Quarterly
Benchmark
Morningstar Australia Fund Multisector Growth Category average 		Minimum initial application
$ 20,000
APIR code
MPL0001AU 		Management fees and costs %*^
1.06
Pricing frequency & cut-off
Daily/2pm Sydney time on a Business Day 		Buy/Sell spread %^
0.16/0.16
*Management fees and costs for the Fund are made up of the management fee, indirect costs (if any) and estimated recoverable expenses.
^Additional fees and costs may also apply in relation to an investment in the Fund. For a full description of the fees and costs refer to the Product Disclosure Statement and Additional Information Booklet for the Fund.

Portfolio Manager

A team of experienced and dedicated investment professionals.


Dougal Maple-Brown, Head of Australian Value Equities, Maple-Brown Abbott
Head of Australian Value Equities

Dougal Maple-Brown

BEc, LLB (Hons), FFIN, CFA
Dougal joined Maple-Brown Abbott in 2001 as an equity analyst. He is currently a portfolio manager and equities analyst. Dougal was an Executive Director from July 2009 to October 2018. Dougal’s responsibilities include equity analysis and portfolio management, including managing a large number of institutional and retail accounts. He attended the Advanced Management Program at Harvard Business School in 2014. Prior to joining Maple-Brown Abbott Dougal worked in a national law firm and at an international investment bank.

Board and committee membership:
Asset Allocation Committee

 

 

 

Dougal

More articles by Dougal

Fund performance^

as at 31/03/2025

^Past performance is not a reliable indicator of future performance. No warranty can be given for future performance. Returns are volatile and may fluctuate quickly and significantly. Past performance is based on the movement in net asset value per unit plus distributions and is before tax and after all fees and charges. Imputation and foreign tax credits are not included in the performance figures. The Benchmark to 31 May 2008 is the Standard & Poor’s Multisector 80 Wholesale Index and from 1 June 2008 is the Morningstar Australia Fund Multisector Growth category average. Source: Maple-Brown Abbott and Morningstar **

* Inception date is 31 May 1988.
** © 2017 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782 (“ASXO”).

Unit price

Interested in investing with us?

Contact us

Distributions

Download latest distribution timetable
Download Div 12-H summary
Download Taxable component summary

Interested in investing with us?

Contact us

Forms and fund information

Forms

Application form
Additional application form
Withdrawal form
Transfer form
Change of details form
Change of name form
TFN-ABN or exemptions form

Fund information

Fund factsheet
Product disclosure statement
Additional information booklet
Target market determination
Financial services guide
Annual financial report

Fund ratings

Rating/recommendation

The Lonsec rating issued 04/2023 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. ©2023 Lonsec. All rights reserved.

We currently do not have any funds registered for sale in your jurisdiction

Please contact Simon Beram,  Head of Institutional and Research Relationships for further information on:
T +61 2 8226 6231 |  E sberam@maple-brownabbott.com

Investment Insights

View more
Pinnacle Insights Series 2025
Video 26 Mar 2025
2 min

Pinnacle Insights Series

At the 2025 Pinnacle Insights Series, Dougal Maple-Brown posed the question, "Do you have enough Value in your portfolio?" Heightened market volatility and geopolitical uncertainty has many advisers considering whether they should be more defensive with the Australian equities part of their client portfolios.
Dougal Maple-Brown, Head of Australian Value Equities, Maple-Brown Abbott

by Dougal Maple-Brown

Head of Australian Value Equities


Australian Value Equities webinar March 2025 thumbnail
Video 25 Mar 2025
3 min

Australian Value Equities webinar 25 March 2025

Dougal Maple-Brown, Head of Australian Value Equities provides his detailed summary of the March reporting season.
Dougal Maple-Brown, Head of Australian Value Equities, Maple-Brown Abbott

by Dougal Maple-Brown

Head of Australian Value Equities


Waterfall cascading down into a cave
Article 24 Mar 2025
7 min

Australian small caps market – key investment themes from the March 2025 quarter

Many of the popular investment themes and crowded stock holdings driving the Australian small cap market in the 2024 calendar year have reversed in the March 2025 quarter. Given the expectation of lower domestic interest rates going forward, many of the high-flying technology, quality and growth exposed companies have been used as funding sources as investors rotate into cheaper quality stocks and/or value/cyclical exposed companies with improving earnings momentum. The question for investors is whether this is just a blip or is the rotation more sustainable? This thematic shift and heightened market volatility is creating increased value adding opportunities for active Australian small cap managers that have a competitive information advantage.
Phillip Hudak | Co-Portfolio Manager, Australian Small Companies

by Phillip Hudak

Co-Portfolio Manager, Australian Small Companies


Digitisation abstract
Article 4 Mar 2025
5 min

What sets us apart

Maple-Brown Abbott Global Listed Infrastructure (MBA GLI) is a highly specialised investment manager focused on infrastructure assets. Since our inception in 2012, we have built a strong track record of delivering stable, long-term returns by investing in infrastructure. Features of the infrastructure asset class include defensive business models, diversification, inflation protection and low volatility cash flows. Our expertise, independence, and alignment with investors have made us a leader in the sector.
Investment Director, Global Listed Infrastructure

by Greg Stark

Investment Director, Global Listed Infrastructure


Subscribe to receive Investment Insights

Subscribe