First Sentier Ex-20 Australian Share Fund

First Sentier, the rebranded Colonial First State Global Asset Management which was sold to Mitsubishi UFJ Trust and Banking Corporation, has launched three new funds under its new name, including the First Sentier Ex-20 Australian Share Fund.

The First Sentier Ex-20 Australian Share Fund invests in growth companies outside the S&P/ASX Top 20 Index that are generating superior returns on capital. The fund aims to diversify away from the larger financials and resources companies and focus on medium to small cap, quality Australian companies with solid balance sheets, strong earnings growth and high or improving returns on invested capital.

"The two largest sectors in this portfolio are information technology and consumer discretionary. Sectors in which we are finding world class Australian companies that have extremely strong growth opportunities because they are competing effectively in the international market-place and winning against global giants," First Sentier Investors' head of Australian Equities Growth, Dushko Bajic, said.

Trust Company (RE Services) Limited, a wholly-owned subsidiary of Perpetual Limited, is the responsible entity for the fund.