| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The main driver of identifying potential investments will be bottom up company analysis, however macro-economic conditions will be considered as part of the investment thesis for each stock. |
| Manager Comments | Performance across the portfolio was evenly spread, with 14 out of 30 stocks returning more than 5% for the month. Top performers included NRW Holdings (+63.4%), Moelis Australia (+33%), Pacific Current (+15.4%) and Sydney Airport (+10%). The Manager notes that there were few negative contributors aside from Auckland Airport (-5.7%). This result was in line with market expectations, however, Glenmore expects the company will earn a commercial return on its upcoming growth capex (NZ$2.4B from FY18-22). |
| More Information |
