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Highlights
Lakehouse Global Growth Fund transitions from a managed fund to an exchange-traded fund on the ASX
The fund features a concentrated portfolio of global mid-to-large growth companies across various sectors
Key holdings include MercadoLibre, Sansan, Adyen, and Hemnet
The Lakehouse Global Growth Fund (ASX:LHGG) has joined the ranks of exchange-traded funds listed on the ASX, expanding access to a portfolio that was previously available only through a managed fund structure. Focused on international growth equities, the fund provides exposure to multiple sectors and geographies through a curated selection of publicly listed companies.
The transition to an ETF structure allows the fund to be traded like any other listed equity during market hours. It removes the entry threshold that was previously required under the managed fund model, opening availability to a broader retail base.
Background and Historical Performance
Since its establishment, the fund has tracked a growth-oriented mandate. Operating as a managed fund for several years, it focused on generating long-term capital appreciation through a disciplined investment process. Over time, the fund has built a reputation based on its performance against standard equity benchmarks, delivering annualised returns that have exceeded those of its benchmark index.
With the ETF structure now in place, the fund's daily liquidity and market-based pricing are expected to align it more closely with the operational framework of other ASX-listed equity funds.
Concentrated Portfolio with Global Exposure
The Lakehouse Global Growth Fund maintains a relatively focused portfolio. Rather than adopting a highly diversified approach with a large number of holdings, the fund allocates capital to a select group of companies believed to exhibit structural growth characteristics.
Despite the concentration, the portfolio remains diversified across multiple regions and sectors. The holdings are drawn from North America, Europe, Asia, and Latin America, covering a wide spectrum of industries including digital commerce, software services, financial technology, and online marketplaces.
Examples of Portfolio Holdings
The fund’s top positions include several internationally recognised names. MercadoLibre is one such example, widely known as a leader in digital commerce and financial services across Latin America. It offers an ecosystem combining online retail, payments, and logistics.
Another core holding is Sansan, a Japanese enterprise software company that provides cloud-based solutions for managing business contact information. The firm supports digital transformation efforts across corporate Japan.
Adyen, a Netherlands-based technology company, also features prominently. It specialises in global payment platforms, enabling seamless transactions for merchants across regions. The company supports digital and point-of-sale payment methods under one unified infrastructure.
Additionally, Hemnet, a residential property portal based in Sweden, is part of the fund's holdings. It operates as a leading online platform for real estate listings and comparisons, offering services that resemble those of residential marketplaces in other developed markets.
Structure and Trading Information
Now trading under the ticker LHGG, the fund adopts the common features of ASX-listed ETFs. Units can be bought or sold on the exchange during normal trading hours, and pricing reflects live market dynamics. This structure provides enhanced transparency and real-time valuation compared to traditional managed fund models.
The fund’s listing aligns it with other global equity ETFs available on the ASX, each offering varying approaches to international exposure and stock selection. Its emphasis on mid-to-large companies with structural growth attributes sets it apart within the global equity fund landscape.
Investment Framework and Philosophy
The Lakehouse Global Growth Fund applies a high-conviction approach to portfolio construction. Its philosophy emphasises long-term trends and competitive advantages, focusing on companies with scalable business models and strong industry positions. The fund’s framework is designed to support growth across multiple cycles by identifying businesses that operate in expanding markets and maintain sustainable margins.
Through rigorous company research and a disciplined selection process, the fund aims to maintain quality exposure without excessive diversification. This strategic approach reflects a belief in understanding each holding deeply rather than spreading capital across a large number of positions.
