| 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 | The Fund returned -9.9% in February. Glenmore noted February was a very busy month, with essentially all of the Fund's holdings reporting their results for the last 6 months. Despite the monthly return, the vast majority of the Fund's holdings had excellent results which were overwhelmed by coronavirus sentiment in the last week of the month. Glenmore expect the aggressive market sell-off will produce outstanding buying opportunities over the next few months. Top contributors during the month included Opticomm and Pinnacle Investment Management. Detractors included NRW Holdings, Bravura Solutions, Magellan Financial Group and Kangaroo Island Plantation Timbers. Glenmore have not made significant changes to the portfolio with the cash weighting at approximately 15% at month-end. |
| More Information |
