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| Fund Name | |
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| Latest Return Date | |
| Latest Return | |
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| Fund Overview | |
| Manager Comments | The fund took advantage of Lihir Mining's announcement that it had rejected Newcrest's acquisition proposal which caused a jump in Lihir's share price and the strategy of maintaining exposure through call options paid off. Short dated put options over CSL also generated good returns following a price drop caused by the release of a poor profit result by a major North American competitor. Increased market volatility generated good opportunities for the fund's convergence portfolio. Volumes increased in both Australia and Canada following an announcement that a subsidiary of Canadian company UraniumOne had bought shares in Paladin Energy. The fund benefitted from its yield portfolio during April but takeover positions were not as successful as the ACCC indicated it would oppose a bid for AXA Asia Pacific by National Australia Bank. |
| More Information | » View detailed profile of this fund |
