Q3 2020, BLACKROCK CONCENTRATED INDUSTRIAL SHARE FUND

Australian Equities – A moment of truth

As bottom up stock pickers, reporting seasons are always 'a moment of truth' for our Australian Equities team, where the results of their fundamental analysis start to show through. August this year was no different, which highlighted the acceleration of key themes the team had identified earlier in the year.

Pleasingly, in Q3 the fund has delivered +15.1%1, outperforming its benchmark (ASX300 Industrials ex Top 5 Market Cap Index) by +13.3% and the broader market (as defined by the S&P/ASX 300 for comparison purposes) by +15.4%. Download the latest performance update.

In the short videos below, the team highlight key positions in the fund, which they believe will be key contributors to the long-term performance of the portfolio.

RedBubble (ASX: RBL)

RedBubble, an online marketplace with over 500,000 artists and close to 7 million users, is a beneficiary of the accelerated shift to online commerce, which Charlie Lanchester believes may have been underestimated by the market.

Nine Entertainment (ASX: NEC)

As the economy looks to reopen, Madeleine Beaumont shares her thoughts on companies who may benefit, with a particular focus on Nine Entertainment and the potential impact of increased advertising budgets and property listings.

Mining Services (ASX: ALQ | ASX: IMD)

Sam Theodore discusses two mining services companies, ALS Limited and Imdex, who both have a large exposure to global levels of exploration activity – what impact would an early recovery in exploration have on these companies?

Austal (ASX: ASB)

Rising geopolitical tensions have resulted in an increased demand in the defence sector. Nick Corkill shares how the Australian company Austal has become the world leader at building aluminium hulled vehicles, passenger ferries and Navy ships.