MM&E Capital Takeover Target Fund was down 7.80% during November bringing the year-to-date cumulative performance to a loss of 31.66%.
The Manager commented: "November was another difficult month for equity markets, and the Fund lost value in line with the performance of the benchmark ASX 300 Index. Stop losses were applied throughout the month, with positions falling 20% from entry price being automatically exited."
The Fund uses an event driven strategy where medium term (6-24 months) positions are taken in ASX listed stocks that meet the internal selection criteria.
