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| Fund Overview | The fund seeks to identify opportunities in the share market to make positive returns (long and short) irrespective of market conditions. It is style agnostic, as compelling investment opportunities exist across all investment styles from time to time. The Fund places a high priority on capital preservation, and has an absolute return focus in accepting market risk. |
| Manager Comments | The Fund's gross exposure at month-end was 99% and net exposure 88%. Beta is 0.5. The Manager notes 'Most companies reported their half yearly results in February. We were pleased with the progress of all our companies as they reported in line with or slightly better than our expectations. Despite the market rising this month, the share prices of 4 of our outlook stocks decreased, and the share prices of 2 were flat, which held our return back somewhat. Our experience in the past has been that this often leads to solid performance in future months.' |
| More Information | » View detailed profile of this fund |
