| 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 | Glenmore noted companies invested in by the Fund had a strong reporting season, with a number of companies delivering very positive results and outlooks and no major negative surprises. Top contributors included Appen (+18.4%), NRW Holdings (+14.2%) and Pioneer Credit (+10.9%). Negative contributors included Pacific Current (-8.9%) and Hotel Property Investments (-6.0%). The Fund exited HUB24 and Praemium early in the month due to their share prices reaching Glenmore's valuations. Glenmore noted that, while the earnings outlook remains positive for both, PE multiple expansion has been very aggressive for the last 6 months. |
| More Information |
