A leading fund manager says Afterpay, a2 Milk and CarSales are among 12 companies winning in international markets and attracting smart money from investors.
In a report to be published on Thursday, Ophir Asset Management identified 12 “offshore growers” which it said were “100 per cent” born global with an international outlook from day one. They were A2 Milk, Afterpay, Carsales, City Chic, Domino’s, IMF Bentham, Lovisa, Nanosonics, Nearmap, Orora, RWC and Xero.
Ophir manages more than $1 billion in investments and highlighted seven trial factors that underpinned the success of these companies.
These were reduced tariffs from globalisation, technology, use of social media to build brands, bolder boards, strong value propositions, organic growth rather than through acquisitions and adoption of a test and learn strategy.