About Us

Armytage Private Proprietary Limited (Armytage) is a boutique investment management firm majority owned by members of its investment team and key executives. Armytage specialises in the active management of Australian equity portfolios and currently manages strategies on behalf of a wide range of investors including charitable trusts, corporations, superannuation funds, family trusts and individuals. Armytage is able to offer its investment capabilities through a spectrum of core Australian equity solutions:

  • The Armytage Australian Equity Income Fund;
  • Armytage Strategic Opportunities Fund;
  • Armytage Micro Cap Activist Fund; and
  • The Armytage Individually Managed Account (IMA) service for wholesale investors

Armytage also conducts regular information sessions for its strategic partners and wholesale clients. This involves regular macro reporting and live derivative trading sessions. Please contact us for more details.

Armytage Background & History

Armytage was established in 1995 as one of the first true IMA managers in Australia with the firm’s founding service being its successful discretionary portfolio management service for wholesale clients. In 2006, Armytage broadened its product and service line-up with the addition of two managed funds, the Armytage Australian Equity Income Fund and the Armytage Strategic Opportunities Fund, enabling greater retail access to the firm’s investment capabilities through financial intermediaries. Both funds are actively managed in line with Armytage’s fundamental value style of investing, with options used strategically to lower volatility/risk levels and enhance portfolio income. This approach provides the Armytage Funds with the platform to deliver strong and consistent distribution payments to investors, complementing the Investment Team’s overall stock selection and investment management decisions.

The firm’s key executives have remained at Armytage for over 10 years. It is Armytage’s philosophy to outsource all non-core administration to ensure staff are focused on delivering the highest quality investment research and client services. The firm prides itself on having a transparent model where clients have direct access to the individual managers.

The Armytage Australian Equity Income Fund and the Armytage Strategic Opportunities Fund are available through a number of leading administration/wrap platforms. Please contact us if you would like any further information on Armytage’s product line-up or how to access a particular investment strategy.

Learn more about:

mFund

Armytage is an mFund foundation member

Please find below the Fund profiles:

Armytage Australian Equity Income Fund – ACY01
Armytage Strategic Opportunities Fund – Wholesale Class ACY02

For further information, please visit http://www.asx.com.au/mfund/ 

Our Philosophy

Armytage is a Value manager with a fundamental investment approach designed to identify quality businesses trading at a considerable discount to valuation.

The process is guided by the following core beliefs:

  • Equity markets are not perfectly efficient and the true value of a business is not always reflected in its share price;
  • Undervalued stocks can be identified through active research and insightful analysis;
  • Capital preservation is critical to wealth creation; and
  • A relative-value approach to investing delivers a more consistent and superior risk-adjusted outcome than deep-value.

The companies that Armytage typically invests in are those with strong and reliable management, good profit and dividend growth expectations, reasonably predictable future profits and cash flows, and a very clear business model. In contrast, Armytage tends to avoid investing in businesses that lack pricing power in their relevant market, or those that are higher risk, early-stage research and development or exploration based companies.

A Four Stage Investment Process

Intensive bottom-up research is the cornerstone of the entire process supplemented by top-down economic and thematic views. The process is disciplined and consistently applied using a number of proprietary qualitative and quantitative techniques to ensure that targeted companies have been thoroughly scrutinised.

Learn More

Read the Armytage Executive Team Profiles.

Please contact us if you would like to speak to a member of the Executive Team about our investment products and services.

Find out about our Equity Income Fund, Strategic Opportunities Fund, SMA Portfolios, Individual Managed Accounts.