| 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 | The main positive contributor in March was Bravura Solutions (+25.9%). Negative contributors included NRW Holdings (-23.5%), Appen (-14.4%), Pacific Current (-11.9%) and Pinnacle Investments (-6.4%). Glenmore noted there was no specific news flow on any of these stocks and that the main driver was general weakness in equity markets. Glenmore noted that, with the Index falling by -3.4% in the March 2018 quarter, and earnings revisions remaining positive, stock market valuations have improved making the stock market on an aggregate basis more attractive. With reporting season now complete, the next few months will see the Fund meet with a large number of companies and their management teams where Glenmore is optimistic of identifying potential investments for the portfolio. |
| More Information |
