Morningstar gives two Tyndall funds a look
It says Tyndall Core offers a low-cost, well-managed New Zealand equities strategy with a tight focus on risk control - "for better or worse," recommending it as having a core role in a portfolio.
The research house describes Tyndall Small Companies as offering investors genuine small-cap trans-Tasman exposure, "but thin resources in a volatile sector mean it should only be used in moderation." It recommends it as a supporting player in a portfolio.
Experienced investors Rickey Ward and James Lindsay have co-managed both of these strategies since 2001 and also manage a number of other portfolios. Morningstar believes a risk to the strategies are that there are fewer team resources than peers.
It believes the addition of another analyst in Tyndall Core would benefit the process.
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