| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| 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 | Top contributors in April included Jumbo Interactive (+32.7%), NRW Holdings (+24.4%), Magellan Financial Group (+22.5%), Stanmore Coal (+16.4%), Pinnacle Investment Management (+15.1%), Charter Hall Education Trust (+7.2%) and Bravura Solutions (+5.5%). Detractors included Mastermyne (-7.5%) and Atlas Arteria (-3.0%). Glenmore noted the strong rally in equities in 2019 has resulted in valuations in a number of the Fund's key stocks becoming less attractive, resulting in the Fund's holdings in those stocks being trimmed. They added that, despite the lessening valuation appeal, their positive short and medium-term view on the earnings outlook has led to them maintaining a holding in these stocks. |
| More Information |
